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INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

(IAG)
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International Consolidated Airlines S A : Aer Lingus says it to burn cash for months despite Irish travel plan

05/28/2021 | 02:42pm EDT
FILE PHOTO: Aer Lingus at Dublin Airport

DUBLIN (Reuters) - Ireland's Aer Lingus welcomed the government's plan to ease travel restrictions from July 19 as "a first step on the long road to rebuilding aviation" but it will continue to burn a significant amount of cash over the coming months.

The Irish airline, which like British Airways and Iberia is owned by International Airlines Group, said schedules will be a fraction of normal levels for some time and it faced significant restructuring to rebuild network and financial strength.

"While Aer Lingus welcomes the easing of travel restrictions, it will not facilitate a significant level of travel to and from Ireland during the critical summer months of 2021," the carrier said in a statement.

(Reporting by Padraic Halpin; Editing by Chris Reese)


© Reuters 2021
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Financials
Sales 2021 10 083 M 11 878 M 11 878 M
Net income 2021 -2 443 M -2 878 M -2 878 M
Net Debt 2021 12 610 M 14 855 M 14 855 M
P/E ratio 2021 -4,17x
Yield 2021 -
Capitalization 9 757 M 11 497 M 11 493 M
EV / Sales 2021 2,22x
EV / Sales 2022 1,19x
Nbr of Employees 51 846
Free-Float 74,6%
Chart INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
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International Consolidated Airlines Group, S.A. Technical Analysis Chart | IAG | ES0177542018 | MarketScreener
Technical analysis trends INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 1,97 €
Average target price 2,82 €
Spread / Average Target 43,3%
EPS Revisions
Managers and Directors
Luís Gallego Martín Chief Executive Officer & Executive Director
Stephen William Lawrence Gunning Chief Financial Officer
Javier Ferrán Larraz Chairman
John Gibbs Chief Information Officer
Alberto Miguel Terol Esteban Senior Independent Director