International Consolidat... Share Discussion Threads

[leeson31] 01/8/2014 07:06

01 August 2014

SIX MONTHS RESULTS ANNOUNCEMENT

International Consolidated Airlines Group (IAG) today (August 1, 2014) presented Group consolidated results for the six months to June 30, 2014.

IAG period highlights on results:

-- Second quarter operating profit EUR380 million (2013: operating profit of EUR245 million before exceptional items), EUR135 million better than last year

-- At constant currency, second quarter passenger unit revenue down 0.4 per cent (excluding Vueling up 0.1 per cent) and non-fuel unit costs down 4.4 per cent (excluding Vueling down 2.5 per cent)

-- Revenue for the quarter up 6.7 per cent to EUR5,086 million, up 8.2 per cent at constant currency

-- Fuel unit costs for the quarter down 9.3 per cent, 5.4 per cent at constant currency

-- Operating profit for the half year EUR230 million (2013: operating loss EUR33 million before exceptional items), EUR263 million better than last year

-- Cash of EUR4,904 million at June 30, 2014 was up EUR1,271 million on 2013 year end
-- Adjusted gearing down 4 points to 46 per cent

[barlick] 31/7/2014 14:24

Looks like the results don't have to be great to be sector leaders. I also believe we would have had a profit warning if appropriate.

Believe that the near monopoly of Heathrow is important here as the other major European carriers are more exposed to price challenges.

Big down here but going to try & stick as I believe there is a good future. Just hope the good future is not too far in the future!!

[2ngh] 31/7/2014 10:06

Thanks Phil.

Don't hold out much hope for positive results then.

[philanderer] 31/7/2014 09:47

Mainly this though..

German peer Lufthansa reported a lower than expected second-quarter profit. The company said ticket pricing remained weak.

[2ngh] 31/7/2014 09:27

Obviously the sector to avoid at the moment.

Surely we would have had a profit warning if that was the case here though?

Peny / You - You guys adding more still?

[philanderer] 31/7/2014 09:18

Singapore Airlines Profit Down 71%

The Southeast Asian Premium Carrier's Net Profit Falls for the Third Consecutive Quarter

[shugsy] 31/7/2014 08:55

Sub 330 again, why the big sell off today? Hope we get positive results otherwise we could see sub 300.

[2ngh] 30/7/2014 17:50

Hi You,

Think it all hinges on this weeks announcement.

Positive - we get a relief rally

Negative - It gets another hammering.

[younasm] 30/7/2014 13:16

inverse head and shoulders setup in progress......maybe I am just seeing the sunny side of things :-)

[younasm] 30/7/2014 13:04

Getting close to results day and the share is settled down in 333-343 range.

The trend is down for now, so I will have to fork out some money to protect the downside risks.

[philanderer] 28/7/2014 09:26

British Airways OneWorld B747's arriving on the 30th May

[2ngh] 24/7/2014 14:01

Looks like gap fill is on

360.1 to watch.

[2ngh] 24/7/2014 12:45

American Airlines beats estimates.

[2ngh] 24/7/2014 11:50

Cost savings = higher profits.

[skinny] 24/7/2014 11:09

IAG STATEMENT ON IBERIA

International Airlines Group announces that Iberia and its trade unions have today reached an agreement on collective redundancies for pilots and ground staff. This could lead to a reduction of up to 1,427 jobs at the airline.

The agreement enables Iberia to continue with its transformation plan to introduce permanent structural changes across the airline and to facilitate profitable growth in the future.

Iberia's cabin crew staff will not be affected by this process.

[shugsy] 24/7/2014 10:53

Strong move 4M volume, maybe bulls are targeting gap fill.

[shugsy] 24/7/2014 09:31

3M traded already, needs a break of 340 to open up 360 imv.

[2ngh] 23/7/2014 16:17

Prefect short attack there.

Up strongly on 7m then falls 2% on 800k shares!!

[2ngh] 23/7/2014 15:10

Another volume spike......

Someone know something about next weeks results maybe?

[2ngh] 23/7/2014 14:15

Peny

Agreed on the 360, gap from Air France profit warning so that needs to be closed and I think that comes prior to results next week. If positive, which for a sector that has produced profit warnings, could see the shares spike just like ARM.

Today's spike looks like it came as a surprise to the shorts and now they are scrammbling to repair the damage, good volume coming through like I mentioned the other day, higher volumes on up days than down now so could see some sustained move.

Nice call on ARM, I like your patient trading style.

[shugsy] 23/7/2014 14:01

Massive volumes coming in over 5M at this point, didn't think it would get back above 340 today after yesterday's gains.

[shugsy] 23/7/2014 13:44

Nice breakout on volume there, missed it.

[penycae] 23/7/2014 13:28

2NGH - 360 is the first port of call. After that, assuming the results are OK, 380 will be easily done. About there, I'll start to offload a few, but not all of my positions. At four quid, I'd be out altogether. Potential to go higher than that, but you've got to leave a bit for the next man.
Did very well on ARM. Now building a few positions in GSK and HL. Made the rent on Euro/GBP this morning, so the equity trades can take all the time that's needed to come good. Comfortable with the margin.

[2ngh] 23/7/2014 13:12

Shorts starting to wobble now the media has calmed down.

Looking for 360.1 gap fill prior to results.