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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.

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International Consolidated Airlines (#IAG) – agreement to acquire remaining 80% of Air Europa for €400m

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International Consolidated Airlines (#IAG) – 2022 adj. EPS swing to €0.056, “further recovery in profits expected in 2023”

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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”.

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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…

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International Consolidated Airlines (#IAG) – H1 loss €654m, though Q2 returned to profit for first time since covid

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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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International Consolidated Airlines (#IAG) – Q1 passenger capacity up to 65% of 2019 capacity, further losses

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International Consolidated Airlines (#IAG) – 2021 loss €2.9bn, notes total liquidity up to €12bn and expected further trading recovery

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International Consolidated Airlines (#IAG) – Q3 passenger capacity 43.4% of 2019, up from Q2 21.9%