IAG reported quite good FY results with revenues and EBIT before exceptional items meeting expectations. Profit after tax rose by 13% and also beat estimates. The group was able to report good figures thanks to decreasing passenger revenue per RPK (-2.1%) more than compensated by the decreasing total cost per ASK (-2.9%). The group announced a FY dividend growing by 15% to €0.27/share and a share buy-back programme of €500m. The outlook shows an operating profit which is expected to
23 Feb 2018
Better equipped to face market evolution than competitors
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Better equipped to face market evolution than competitors
International Consolidated Airlines Group SA (IAG:LON) | 169 -0.5 (-0.2%) | Mkt Cap: 8,311m
- Published:
23 Feb 2018 -
Author:
Marc Laubel -
Pages:
3
IAG reported quite good FY results with revenues and EBIT before exceptional items meeting expectations. Profit after tax rose by 13% and also beat estimates. The group was able to report good figures thanks to decreasing passenger revenue per RPK (-2.1%) more than compensated by the decreasing total cost per ASK (-2.9%). The group announced a FY dividend growing by 15% to €0.27/share and a share buy-back programme of €500m. The outlook shows an operating profit which is expected to