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International Consolidated Airlines Group, S.A. (ICAGY)
OTHER OTC:ICAGY
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.22Last Year’s EPS
$0.21Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: 34.85%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a strong financial performance with significant shareholder returns and improvements in key segments like British Airways and Iberia. However, there were notable challenges including Aer Lingus' operational issues, ongoing disruption costs, and soft demand in certain regions, which balanced the overall positive financial achievements.Company Guidance
During the Q3 2024 earnings call for International Airlines Group (IAG.L), the executives provided a positive financial outlook with numerous metrics underscoring their performance. Revenue increased by 7.9%, leading to an operating profit rise of 15.4% (€268 million), reaching just over €2 billion. The operating margin improved by 1.4 percentage points, hitting 21.6%. For the nine months ending September 30, the operating profit was €3.3 billion with a 13.8% margin. Passenger unit revenue grew by 1.2%, supported by robust demand in North America, Latin America, and Europe. The group's ASKs increased by 5.7%, slightly below the initial 7% guidance due to disruptions. Nonfuel costs rose by 2.2%, while fuel unit costs improved by 4.2%. The net debt-to-EBITDA leverage ratio improved to 1x, and a €350 million share buyback was announced, reflecting confidence in the business strategy.Strong Financial Performance
Revenue increased by 7.9%, operating profit increased by 15.4% to just over EUR 2 billion, and operating margin increased by 1.4 percentage points to 21.6%.
Significant Shareholder Returns
Announced a share buyback of EUR 350 million, in addition to an interim dividend of EUR 147 million.
British Airways Improvement
British Airways' operating profit increased by GBP 251 million and its operating margin increased by over 5 percentage points to 20.7%.
Iberia's Strong Performance
Iberia achieved an operating profit of EUR 454 million and a margin of 21.5%, driven by strong performance in European and Latin American markets.
Vueling's Network Strategy Success
Vueling's operating profit reached EUR 292 million, and its margin was the highest among the airlines at 27%.
Strong Balance Sheet
Net debt decreased by EUR 3 billion, and the net debt-to-EBITDA leverage ratio improved to 1x.
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International Consolidated Airlines (ICAGY) Earnings, Revenues Date & History
ICAGY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ICAGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $5.69 | $6.07 | +6.68% |
| Aug 02, 2024 | $4.04 | $4.23 | +4.70% |
| May 10, 2024 | $4.51 | $4.47 | -0.89% |
| Feb 29, 2024 | $3.81 | $3.67 | -3.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does International Consolidated Airlines Group, S.A. (ICAGY) report earnings?
International Consolidated Airlines Group, S.A. (ICAGY) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is International Consolidated Airlines Group, S.A. (ICAGY) earnings time?
International Consolidated Airlines Group, S.A. (ICAGY) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ICAGY EPS forecast?
ICAGY EPS forecast for the fiscal quarter 2024 (Q4) is $0.22.
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