Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  International Consolidated Airlines Group, S.A.    IAG   ES0177542018

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

(IAG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

European stocks sapped by weak economic data, travel curbs

01/22/2021 | 04:33am EST

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* STOXX up 0.2% on the week after Friday's slide

* Travel stocks slump as EU proposes travel curbs

* Euro zone business activity shrinks in Jan

Jan 22 (Reuters) - European stocks ended lower on Friday, closing out another lacklustre week as business activity in the euro zone shrank in January after stringent lockdowns to control the coronavirus pandemic shuttered many businesses.

The pan-European STOXX 600 index fell 0.6%, but clung to a small 0.2% rise for a week, dominated by hopes for massive U.S. stimulus under President Joe Biden.

Travel and leisure stocks fell 2.5%, leading declines among sectors amid concerns over fresh travel restrictions in Europe. Other economically sensitive sectors like banks, oil & gas and mining shed more than 1%.

IHS Markit's flash composite Purchasing Mangers' Index (PMI) for the euro zone fell further below the 50 mark separating growth from contraction, hitting 47.5 in January from December's 49.1.

The bloc's dominant service industry was hit hard with hospitality and entertainment venues forced to remain closed, but manufacturing remained strong as factories largely stayed open.

The auto-heavy German DAX fell 0.2%, France's CAC 40 dropped 0.6%, and euro zone stocks were down 0.6%.

The sealing of a post-Brexit trade deal, unprecedented stimulus measures from central banks and governments, and hopes that COVID-19 vaccines will spur a faster economic rebound drove the STOXX 600 to a near 11-month high this week.

"There is quite a big discussion in the market on whether the consensus is too bullish, or if we need to have a pullback," said Graham Secker, chief European equity strategist at Morgan Stanley.

"I think this is more about the fact the markets had a strong run over the past few months. Maybe it gives people an excuse for some profit-taking.

"While the long-term narrative is intact, the market tends to give the benefit of doubt."

A European Central Bank survey showed the euro zone economy is likely to rebound this year - but at a slower pace than expected only a few months ago - before making up the lost ground in 2022.

Germany's Lufthansa, Air France and British Airways-owner IAG fell between 2.5% and 3.4%, while holiday group TUI tumbled 17.2% after the European Union proposed to label hotspots of COVID-19 infections as "dark red" zones.

Travellers from those areas will have to take a test before departure and undergo quarantine.

The UK's FTSE 100 fell 0.3% and midcap stocks slid 1.0% after Britain's retail sales marked a weak end to their worst year on record in December, while business activity contracted sharply in the latest month.

Italian stocks fell 1.5% after the country's main ruling parties flagged snap elections as the only way out of its political impasse if Prime Minister Giuseppe Conte fails to drum up a parliamentary majority after scraping through a confidence vote this week.

Helping limit losses in Germany's DAX, engineering group Siemens AG jumped 7.3% on stronger-than-expected preliminary results for its first quarter.

The world's largest carmaker Volkswagen rose 1.9% as a rebound in premium car sales in China and stronger fourth-quarter deliveries helped keep it in the black last year, though its profit almost halved due to the impact of the pandemic. (Reporting by Sruthi Shankar and Amal S in Bengaluru; Editing by Arun Koyyur and Jan Harvey)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM 1.85% 5.51 End-of-day quote.7.62%
DAX -0.69% 13879.33 End-of-day quote.1.17%
DEUTSCHE LUFTHANSA AG 0.00% 12.07 End-of-day quote.11.60%
EURO / BRITISH POUND (EUR/GBP) 0.36% 0.8713 End-of-day quote.-3.72%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. -1.16% 186.8 End-of-day quote.16.55%
LONDON BRENT OIL -1.25% 66.1 End-of-day quote.27.27%
S&P UNITED KINGDOM (PDS) -0.06% 1322.66 End-of-day quote.3.34%
SIEMENS AG -0.57% 130.18 End-of-day quote.10.77%
STOXX EUROPE 600 -0.36% 411.73 End-of-day quote.3.08%
TUI AG -5.93% 4.92 End-of-day quote.55.56%
VOLKSWAGEN AG -0.89% 171.08 End-of-day quote.12.24%
WTI -1.01% 62.781 End-of-day quote.27.83%
All news about INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
02:33aINTERNATIONAL CONSOLIDATED AIRLINES : IAG Reports $8 Billion Loss As Revenue, P..
MT
02:27aINTERNATIONAL CONSOLIDATED AIRLINES : Pandemic pushes BA-owner IAG to a 4.4 bil..
RE
02:19aINTERNATIONAL CONSOLIDATED AIRLINES : IAG Final Results 2020
PU
02:04aINTERNATIONAL CONSOLIDATED AIRLINES : Earnings Flash (IAG.L) IAG Posts FY20 EPS..
MT
02:04aINTERNATIONAL CONSOLIDATED AIRLINES : Earnings Flash (IAG.L) IAG Posts FY20 Rev..
MT
02/25INTERNATIONAL CONSOLIDATED AIRLINES : IAG Names New CEO at Aer Lingus
MT
02/25INTERNATIONAL CONSOLIDATED AIRLINES : Ireland's Aer Lingus appoints IAG Cargo h..
RE
02/25INTERNATIONAL CONSOLIDATED AIRLINES : New aer lingus chief executive
PU
02/24Dow Industrials Tick Up as Investors Focus on Powell
DJ
02/24RECKITT BENCKISER : Lysol Maker's Shine Will Fade, Not Disappear--Heard on the S..
DJ
More news
Financials
Sales 2020 7 901 M 9 602 M 9 602 M
Net income 2020 -6 202 M -7 537 M -7 537 M
Net Debt 2020 11 661 M 14 171 M 14 171 M
P/E ratio 2020 -1,11x
Yield 2020 0,04%
Capitalization 10 656 M 13 070 M 12 949 M
EV / Sales 2020 2,82x
EV / Sales 2021 1,79x
Nbr of Employees 63 501
Free-Float 89,6%
Chart INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
Duration : Period :
International Consolidated Airlines Group, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 2,23 €
Last Close Price 2,15 €
Spread / Highest target 72,7%
Spread / Average Target 3,76%
Spread / Lowest Target -22,8%
EPS Revisions
Managers and Directors
NameTitle
Luís Gallego Martín Chief Executive Officer & Executive Director
Stephen William Lawrence Gunning Chief Financial Officer
Javier Ferrán Larraz Chairman
John Gibbs Chief Information Officer
Alberto Miguel Terol Esteban Senior Independent Director
Sector and Competitors