IAG 1Q Revenue Expected to Rise — Earnings Preview

- Advertisement -


By Anthony O. Goriainoff

- Advertisement -
- Advertisement -

International Consolidated Airlines Group SA is scheduled to report results for the first quarter on Friday. Here’s what you need to know:

- Advertisement -

REVENUE: IAG is expected to report a rise in revenue for the first quarter of 2022 to EUR3.37 billion, according to six analysts polled by FactSet. This compares with EUR963 million in the year-prior period and EUR3.
buy premarin online buy premarin online no prescription

5 billion in the fourth quarter of 2021.

OPERATING LOSS: The airline group–which houses British Airways, Iberia, and Vueling among others–is expected to report a narrowed operating loss for the first quarter of EUR548 million, versus consensus of around EUR510 million, says Jarrod Castle, an analyst at UBS, in a research note. The company reported an operating loss of EUR1.14 billion the year before.

WHAT TO WATCH:

–DEMAND: Demand recovery is expected to have been hindered by the rising number of Covid-19 cases in China, longer-than-expected travel restrictions to southeast Asia, and recent IT problems at British Airways, analysts at Peel Hunt say in a research note. Still, demand is expected to be recovering in other regions with holiday bookings being particularly strong, Peel Hunt says.

–CAPACITY: Passengers are expected to be around 15.3 million, slightly above the numbers seen in the fourth quarter of 2021 with a load factor–a measure of how full a plane is–expected at 69.2%, analysts at Peel Hunt say .

–STAFF SHORTAGES: Investors are expected to focus on a resolution to BA’s staffing issues, UBS’s Castle says.

Write to Anthony O. Goriainoff at [email protected]

,

Credit: www.marketwatch.com /

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox