- First Quarter Revenue: IAG reported a revenue of €7.04 billion, surpassing the estimate of €6.8 billion.
- Passenger Revenue: Achieved €6.00 billion in passenger revenue, slightly above the estimated €5.97 billion.
- Cargo Revenue: Recorded €318 million in cargo revenue, exceeding the estimate of €296.5 million.
- Other Revenue: Significant outperform at €726 million, compared to the expected €555.5 million.
- Adjusted Operating Profit: Reported €198 million, well above the projected €144.9 million.
- Adjusted Net Income: Achieved €176 million, compared to an estimated loss of €14.8 million.
- Seat Load Factor: Slightly below expectations at 82.7%, against an estimate of 83.5%.
- Passenger Numbers: Carried 26.18 million passengers, slightly less than the forecasted 26.89 million.
- Employee Costs: Totaled €1.61 billion for the first quarter.
- Fuel and Oil Expenses: Reported at €1.72 billion, above the estimated €1.67 billion.
- Handling and Catering Expense: Came in at €987 million, slightly higher than the estimate of €951.8 million.
- Landing and En-route Expense: Reported at €554 million, marginally below the estimated €558.3 million.
- Engineering and Other Aircraft Costs: Totaled €778 million, exceeding the anticipated €622.1 million.
- Property, IT, and Other Costs: Reported at €299 million, slightly above the estimate of €287.1 million.
- Selling Costs: Reached €299 million, a bit higher than the projected €296.6 million.
- Analysts’ Recommendations: 23 analysts suggest buying, 7 holding, and 2 selling.
A look at International Consolidated Airlines Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, International Consolidated Airlines Group shows a promising long-term outlook. With a strong score of 5 for Growth, the company is poised for expansion and development in the future. This indicates positive prospects in terms of increasing market share and possibly exploring new avenues for revenue generation.
Additionally, the company has received decent scores in Resilience and Momentum, which stand at 3 each. This suggests that International Consolidated Airlines Group has the ability to withstand market fluctuations and maintain a steady performance. The momentum score also indicates a potential upward trend in the company’s performance. Although the scores for Value and Dividend are not as high, with both at 2, the positive scores in Growth, Resilience, and Momentum paint a favorable picture for the company’s future prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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