IAG published a new record Q3, which was considerably above the consensus, and managed to streamline its debt profile. These positives were partially offset by the slightly narrower capacity forecast and cost improvement outlook. Regardless, we will upgrade our 2023 estimates, mainly to reflect the strong-than-expected Q3 figures, and reiterate our positive recommendation.
31 Oct 2023
A consensus-beating Q3 and slightly downgraded outlook
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A consensus-beating Q3 and slightly downgraded outlook
- Published:
31 Oct 2023 -
Author:
Yi Zhong -
Pages:
3
IAG published a new record Q3, which was considerably above the consensus, and managed to streamline its debt profile. These positives were partially offset by the slightly narrower capacity forecast and cost improvement outlook. Regardless, we will upgrade our 2023 estimates, mainly to reflect the strong-than-expected Q3 figures, and reiterate our positive recommendation.