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OFFON

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

(IAG)
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Delayed Quote. Delayed London Stock Exchange - 05/07 11:35:11 am
213.2 GBX   +3.00%
05/07IAG  : Credit Suisse gives a Buy rating
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05/07Britain reopens travel from May 17 to limited destinations
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05/07Britain reopens travel from May 17 but to just 12 destinations
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International Consolidated Airlines : Ireland's Aer Lingus says travel recovery slower than expected

07/28/2020 | 09:46am EDT

DUBLIN, July 28 (Reuters) - Demand has been weaker than Irish airline Aer Lingus expected five or six weeks ago amid continued coronavirus restrictions and opposition to international travel in Ireland, Chief Executive Sean Doyle said on Monday.

While most of the neighbouring United Kingdom is allowing travel to around 50 countries, Ireland has just 15 on its approved list and is demanding travellers from countries including Britain, Spain and the United States to quarantine.

The government also continues to advise residents against all non-essential travel, even to approved destinations.

"If we look at the wider demand, it is not recovering the way we would have hoped maybe five or six weeks ago .... The narrative around travel has been negative in the period," said Doyle, whose airline is part of International Airlines Group that also includes British Airways.

Ireland's success in attracting multinational foreign direct investment, which Doyle said was around five times higher than the European average, could be damaged.

"We have built our economic model on being open for business, on being a global economy. I do think that we are taking that for granted at the minute and not understanding the consequences for that sector... if we don't enable connectivity," said Doyle, who was speaking at an Irish parliamentary committee.

His comments came as global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 - a year longer than previously expected - for passenger traffic to return to pre-crisis levels. (Reporting by Conor Humphries, editing by Padraic Halpin and Mark Potter)


© Reuters 2020
All news about INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
05/07IAG  : Credit Suisse gives a Buy rating
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05/07Britain reopens travel from May 17 to limited destinations
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05/07Britain reopens travel from May 17 but to just 12 destinations
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Financials
Sales 2021 11 317 M 13 764 M 13 764 M
Net income 2021 -1 726 M -2 100 M -2 100 M
Net Debt 2021 12 761 M 15 521 M 15 521 M
P/E ratio 2021 -6,73x
Yield 2021 -
Capitalization 12 183 M 14 824 M 14 817 M
EV / Sales 2021 2,20x
EV / Sales 2022 1,24x
Nbr of Employees 51 846
Free-Float 89,7%
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Technical analysis trends INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 2,70 €
Last Close Price 2,45 €
Spread / Highest target 42,7%
Spread / Average Target 10,2%
Spread / Lowest Target -17,5%
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