IAG

Message in line with September 28th statement; focus will be November 8th CMD

  • Sectors : Airlines
  • Companies : IAG

Ratings and price correct at time of issue.

  • IAG

    Closing Price: 519.8p

  • RATING 31/08/18

  • PREVIOUS RATING 22/08/17

    NEUTRAL

DAVY VIEW

IAG reiterated its statement of September 28th with an unchanged outlook — at current fuel prices and exchange rates, IAG expects its 2019 operating profit before exceptional items to be €215m lower than 2018 pro forma (€3,485m). Passenger unit revenue is expected to be slightly down at constant currency and non-fuel unit costs are anticipated to improve at constant currency. We expect to keep our estimates and the focus to turn to the Capital Markets Day (CMD) on November 8th.

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Oct 31 2019, 08:00 GMT

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