International Consolidat... Share Discussion Threads

[chiefbrody] 27/5/2017 13:53

Good job they have loads of money then!

[qantas] 27/5/2017 13:25

This is going to cost loads of money.

Please do your own research.

[chiefbrody] 25/5/2017 21:19

£20! Struth. What did you buy? RTW ticket first class :-pReached these levels last year and in 15.Both times it failed to hold.Think it could well be 3rd time lucky this time.Undemanding P/E. Lot's of cash and scope for Div increases.Airline sector always prone to the usual shocks through.

[enami] 25/5/2017 16:47

Pushing through to new highs.

I paid for a BA ticket today.
The charge for credit card payment has rocketed over the last year to £20. I think it was £3.50 last year. Shocking, used my debit card no charge.

[chiefbrody] 09/5/2017 11:07

Lol. Tail wind of course :-)

[ny boy] 09/5/2017 10:50

Head or tail wind Captain?

[chiefbrody] 09/5/2017 10:43

Nice.If we can break free of this 600p area, reckon this could motor quite quickly, with a following wind.

[chiefbrody] 05/5/2017 14:57

She here we are. Back at 600p again.70% rise in the last several months.Well done to all those that topped up/came on board.600p still ain't expensive (P/E 10 ish) and plenty of scope for Div increases.

[broadwood] 05/5/2017 09:32

Airways owner International Consolidated Airlines Group reported record first quarter profits well ahead of expectations as a drop in costs offset lower but improving passenger revenues, and said it expected a profit gain over the full year.
In what is traditionally its weakest quarter, IAG's operating profits in the first three months of the year of €170m before exceptional items were up 10% on the same period last year.

This was despite a foreign exchange impact on operating profit of €32m, due to the translation of sterling profit into euros.

At current fuel prices and exchange rates, boss Willie Walsh said he expected operating profit for 2017 to show an improvement year-on-year, with second quarter revenue per available seat kilometre to show an increase versus last year, at constant currency.

For the first quarter, passenger unit revenue declined 7.2% cent, or 3.1% at constant currency - this was a big improvement on the 12.7% in the fourth quarter.

Group passenger revenue fell 4.2% to €4.28bn and total revenue by 2.8% to €4.9bn.

Adjusted non-fuel unit costs shrank 3.9%, or were up 1.4% at constant currency, while fuel unit costs were down 13.6% or 16.1% at constant currency.

Cash stood at €7.5bn at 31 March, up by over €1bn since the year end.

Walsh said the record performance in what was traditionally the weakest quarter came amid an improving trend in passenger unit revenue continuing.

"In March we launched LEVEL, our new longhaul low cost airline brand, which starts flights from Barcelona to Los Angeles, San Francisco, Punta Cana and Buenos Aires in June. It's already been extremely successful with sales running well ahead of expectations," he added.

Group traffic in April, reported alongside results, increased by 10.0% against the same month last year, when revenue passenger kilometres, while capacity also improved, with available seat kilometres up 4.0%.

Premium traffic for the month of April increased by 7.0% compared to the previous year.

[skinny] 05/5/2017 09:12

§ Group traffic in April, measured in Revenue Passenger Kilometres, increased by 10.0 per cent versus April 2016; Group capacity measured in Available Seat Kilometres rose by 4.0 per cent.

§ Group premium traffic for the month of April increased by 7.0 per cent compared to the previous year.

5 May 2017



STRATEGIC DEVELOPMENTS

On 5 April, British Airways launched a £400 million investment plan which includes improvements in Club World, the introduction of Club Europe on UK domestic services, new lounges and First Wing direct security and lounge access at Heathrow. In addition, self-service check-in and biometric boarding gates will speed up airport processes. Over the next two years, the airline's shorthaul and longhaul fleets will be fitted with the latest generation Wi-Fi.

On 24 April, IAG announced that following its highly successful accelerator programme, Hangar 51, the Group will invest in two start-ups. Esplorio (an app that records and shares travel experiences) and Vchain (blockchain technology that allows customers to have control over their data and helps them get through airports faster) were selected to continue working with the Group to further develop their products and benefit customers. They will also receive funding from IAG's multimillion pound investment fund for digital transformation.

On 2 May, Vueling announced that it has carried more than 100 million passengers at Barcelona airport since it started operations 13 years ago. Vueling is the leading airline at El Prat from where it flies to more than 130 European destinations and has 36 per cent market share.

[broadwood] 05/5/2017 07:31

Pretty encouraging. Will the market see it that way?

International Consolidated Airlines Group's first quarter operating profits before exceptional items rose to €170m up from €155m last time - a record performance in what is traditionally its weakest quarter.

The group said the period had seen increasing fuel prices and a stronger US dollar against both the euro and sterling.

Sterling had also devalued significantly against the euro.

It said the transactional foreign exchange impact for the group was net nil, while translation exchange was significant.

The group's reported revenues and expenses were lower by €406 million and €374 million respectively with a net adverse impact on operating profit of €32 million.

Passenger revenue decreased 4.2% compared to the same period last year.

Passenger unit revenue (passenger revenue per ASK) was down 3.1 per cent at constant currency from lower yields (passenger revenue/revenue passenger kilometre) impacted by the timing of Easter.

At constant currency, passenger yields decreased on leisure routes with the shift in Easter from March last year to April this year, partially offset by improvements in corporate bookings.

IAG said: "Although passenger yields are down in the quarter, the passenger revenue performance trend improved versus the previous quarter. Passengers carried by the Group rose to 21,147 thousand, an increase of 3.8 per cent.

"Cargo revenue for the period decreased 2.3 per cent, 2.1 per cent at constant currency.

"The Cargo premium mix remained strong partially offsetting overall yield decreases while cargo tonnes carried were broadly flat. "Other revenue was up 13.7 per cent or €64 million excluding currency impacts, from an increase in activity at Iberia's third party maintenance (MRO) business, BA Holidays and Avios.

Chief executive Willie Walsh said: "We're reporting an operating profit of €170 million before exceptional items which is up from €155 million compared to last year.

"This is a record performance in Q1, traditionally our weakest quarter, with the improving trend in passenger unit revenue continuing. "The impact of currency exchange was €32 million in the quarter due to the translation of sterling profit into euros. "In March we launched LEVEL, our new longhaul low cost airline brand, which starts flights from Barcelona to Los Angeles, San Francisco, Punta Cana and Buenos Aires in June. It's already been extremely successful with sales running well ahead of expectations."

Separately, IAG said group traffic in April, measured in revenue passenger kilometres, increased by 10.0 per cent versus April 2016; group capacity measured in Available Seat Kilometres rose by 4.0 per cent.

Group premium traffic for the month of April increased by 7.0 per cent compared to the previous year.

[philanderer] 04/5/2017 14:00

Alitalia to be put on sale in two weeks Italian minister says

[philanderer] 02/5/2017 17:19

'Italy's ​Alitalia to enter administration after staff reject rescue deal'

Loss-making national airline to continue flights, but could be sold or liquidated as state has ruled out renationalisation

[bclissold] 27/4/2017 15:55

No resistance at 550 then

[skinny] 13/4/2017 10:21

Credit Suisse Outperform 529.75 631.00 657.00 Retains

[philanderer] 06/4/2017 09:32

BA plans new business seat after ‘falling behind’


.......Cruz also confirmed plans to offer Wi-Fi across BA’s long and short-haul fleets by 2019 and revealed the likely charges to passengers.

Fees for browsing will start from £4.99 and for streaming from £7.99, charged by the hour, two hours or for a flight.

[bclissold] 05/4/2017 12:40

Share buyback not doing much good

[philanderer] 27/3/2017 13:48

Merrill downgrade from 'buy' to 'underperform'

[philanderer] 17/3/2017 14:07

British Airways owner IAG is launching a new low-cost, long-haul airline from Barcelona

[younasm] 17/3/2017 09:22

Share buyback should be bullish -- but it's not really that reliable indicator --- depends on the business.I have started to close my bullish positions and now opening short positions at 570p (against the trend).I am expecting a peak price soon -- 590-610p, followed by summer sell-off back to 520-550-ish.Just my guess work -- 50% chance of getting it wrong.

[ccr1958] 17/3/2017 09:04

The share buy backs by IAG is Bullish , Right ?