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Results: IAG

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More travel and less debt means good news for IAG. But how are you feeling about 2024 (and beyond)?

I am not sure if you have been on a British Airways or an Air Lingus or an Iberia flight recently, but if you have, I reckon you would have found it a bit busier than last year or the year before. And - especially when you mix it with the lower fuel bills and slightly less general travel sector angst - you will not be particularly surprised to see IAG’s (IAG) first quarter numbers showed it to be profitable for the first time since the pre-Covid world of 2019. And they pushed up their hopes for full year profitability too. So is it time to pile into the shares then?

IAG profit hopes up, share price down. Welcome to the airline sector!

Did you read the Q4/FY22 numbers from International Consolidated Airlines Group (IAG) this morning? The company, which includes British Airways within its key brands, is back to profit in recent months and even hopes to make nearly a couple of billion euros profit this year. However, despite the improving post-Covid world for the airline group, its shares are down this morning. It is always “good fun” investing in the airline sector.

In my experience, 99% of rumoured speculative takeovers never happen!

There are two really busy weeks at this time of year: the last week of October and the first week of November. However, I have noted something else about recent times, a Monday is often a relatively quiet day. So, unlike the Boomtown Rats, I do like a Monday, mainly because I spent almost all of the last weekend playing catch up with the global corporate earnings season. Guess what is going to happen next weekend too… Until I get a bit older and more knackered, anyway. I wrote about International Consolidated Airlines Group (IAG) aka the previous British Airways last Friday, but I see The Times reports today that the “British Airways owner looks to snap up rivals as easyJet (EZJ) falters”.


Are you going to book an International Consolidated Airlines Group SA (aka British Airways) flight over the next year or not?

International Consolidated Airlines Group SA (IAG) aka the stock you and I used to call British Airways, saved my backside a few months ago.  To be precise, I am sure the Gibraltar tourist board and/or a Spanish train company would have preferred me to be stuck thankis to Easyjet (EZJ) - with my eldest daughter - in the British Overseas Territory and a city located at the southern tip of the Iberian Peninsula, but IAG / BA stepped up in a timely (although slightly expensive) manner.  So, I have become a bit more of a fan (albeit that I do not currently own any shares in the company), which brings me to its third quarter numbers published earlier today…


Plenty of challenges for British Airways owner IAG…but if you own the shares, I would not dump them here

Over the last five years, £50 has been a regular share price for InterContinental Hotels Group plc (IHG).  Given the current challenges, I am surprised that the owner of Crowne Plaza, Holiday Inn, and Regent Hotels & Resorts, has seen its shares recover to their pre-Covid peak.  So, whilst they have “seen very positive trading conditions in the first quarter, with travel demand continuing to increase in almost all of our [their] key markets around the world”, they must also hope for “a return of business and group travel". 

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