Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  International Consolidated Airlines Group    IAG   ES0177542018

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

International Consolidated Airlines : British Airways owner IAG targets higher core earnings in coming years

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/03/2017 | 10:55am CET
FILE PHOTO: British Airways planes are parked at Heathrow Terminal 5 in London

LONDON (Reuters) - British Airways owner IAG said it was aiming for annual core earnings around 20 percent higher than previous targets on Friday as it stuck to its goals for earning-per-share growth and margins for the coming years.

IAG shares rose 1.7 percent after it said that it was targeting core earnings (EBITDAR) of 6.5 billion euros (5.80 billion pounds) per year between 2018-2022, compared to a goal of an annual 5.3 billion euros between 2016-2020.

For the same period, the airlines group also provided higher targets for capital expenditure and capacity growth, measured in available seat kilometres (ASK) - a key metric for airlines.

IAG, which also owns Iberia, Aer Lingus and Vueling, a week ago said it expected profits to rise by nearly 20 percent this year. On Friday its senior management will update analysts at a capital markets day (CMD).

The group stuck to its target for return on invested capital (ROIC), which one analyst said was a disappointment.

"No increase in ROIC target of 15 percent, which is disappointing and we expect today’s CMD to focus on how profit guidance is being raised but no lift to the return target," analysts at Goodbody said in a note.

The group said it was still targeting average EPS growth of over 12 percent each year, and its target for an annual operating profit margin between 12-15 percent was also unchanged.

(Reporting by Alistair Smout; Editing by James Davey and Edmund Blair)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INTERNATIONAL CONSOLIDATED
02/16IAG : No Level Playing Field for Air Passenger Duty
AQ
02/16Air France-KLM shares slide over cost discipline disappointment
RE
02/14Higher wages, fuel prices turn up cost pressure on airlines
RE
02/13Norwegian Air plans new routes from London to South America
RE
02/12INTERNATIONAL CONSOLIDATED AIRLINES : 70 Airlines Gather in Quito to Decide Futu..
AQ
02/07INTERNATIONAL AIRLINES GROUP (IAG) : Break-Up Heathrow monopoly to cut costs
AQ
02/06INTERNATIONAL CONSOLIDATED AIRLINES : British Airways owner hits out at Heathrow..
AQ
02/05INTERNATIONAL CONSOLIDATED AIRLINES : Calls to bring in competition
AQ
02/05Jetmakers battle over niche where Boeing plans new jet
RE
02/05BRITISH AIRWAYS CHIEF : break up Heathrow monoploy to cut costs
AQ
More news
News from SeekingAlpha
02/13Strongly Undervalued Airline Company 
01/04International Consolidated Airlines updates on traffic 
2017International Consolidated Airlines updates on traffic 
2017International Consolidated Airlines (ICAGY) Investor Presentation - Slideshow 
2017International Consolidated Airlines (ICAGY) Investor Presentation - Slideshow 
Financials (€)
Sales 2017 22 941 M
EBIT 2017 2 965 M
Net income 2017 2 073 M
Debt 2017 1 953 M
Yield 2017 4,10%
P/E ratio 2017 7,02
P/E ratio 2018 6,49
EV / Sales 2017 0,70x
EV / Sales 2018 0,65x
Capitalization 14 094 M
Chart INTERNATIONAL CONSOLIDATED
Duration : Period :
International Consolidated Technical Analysis Chart | IAG | ES0177542018 | 4-Traders
Technical analysis trends INTERNATIONAL CONSOLIDATED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 8,14 €
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
William Matthew Walsh Chief Executive Officer & Director
Antonio Vázquez Romero Chairman
Enrique Dupuy de Lôme Chávarri Group Chief Financial Officer & Executive Director
Patrick Jean-Pierre Cescau Senior Independent Director
James Arthur Lawrence Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
INTERNATIONAL CONSOLIDATED AIRLINES GROUP-7.40%17 367
DELTA AIR LINES-6.79%37 217
AIR CHINA LTD.1.95%26 082
RYANAIR HOLDINGS PLC10.31%24 164
UNITED CONTINENTAL HOLDINGS INC-2.55%19 458
CHINA SOUTHERN AIRLINES COMPANY-5.20%16 229