IAG

Bucking the trend - strong results; dividend; withdrawing from Air Europa

  • Sectors : Airlines
  • Companies : IAG

Ratings and price correct at time of issue.

  • IAG

    Closing Price: 160.0p

  • RATING 17/01/24

  • PREVIOUS RATING 27/09/22

    OUTPERFORM

DAVY VIEW

IAG bucked the earnings season trend with strong results and a robust outlook (Q2 operating profit €1,241m (Davy €1,207m, consensus €11082m) - broadly in line with last year. An interim dividend of 3c per share has been announced. Competition issues have led to the withdrawal from the Air Europa deal.

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Aug 2 2024, 07:03 IST/BST

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