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INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

(IAG)
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International Consolidated Airlines S A : IAG says summer capacity could go higher than 45%, sees Q4 up to 75%

07/30/2021 | 03:20am EDT
British Airways tail fins are pictured at Heathrow Airport in London

LONDON (Reuters) - The chief executive of British Airways-owner IAG said that capacity in the summer quarter could beat its 45% guidance, and that the group was ready to fly up to 75% of its pre-pandemic capacity in the October-December quarter.

"We are ready to fly up to 75% of the capacity that we had in 2019 in Q4 so we have been working to have flexibility in case we can fly," CEO Luis Gallego told reporters on Friday.

Asked about the 45% capacity guidance for the current quarter, he said: "That's what we think we are going to fly but we are ready to fly more."

Gallego also said he didn't expect any further redundancies but added that he would like to see the UK furlough scheme extended to the end of 2021.

"Right now, we are not considering to reduce more the jobs but for sure we need to see the evolution of the situation," he said.

(Reporting by Sarah Young; Editing by Alistair Smout)


© Reuters 2021
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Analyst Recommendations on INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
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Financials
Sales 2021 9 250 M 10 873 M 10 873 M
Net income 2021 -2 852 M -3 353 M -3 353 M
Net Debt 2021 13 115 M 15 418 M 15 418 M
P/E ratio 2021 -2,82x
Yield 2021 -
Capitalization 8 280 M 9 736 M 9 734 M
EV / Sales 2021 2,31x
EV / Sales 2022 1,11x
Nbr of Employees 50 813
Free-Float 74,5%
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
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 1,61 €
Average target price 2,68 €
Spread / Average Target 67,0%
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