IAG H1 Net Profit Down At 906.1 Mln Euros YoY
Aug 1 (Reuters) -International Consolidated Airlines Group SA ICAG.L:
H1 NET PROFIT 906.1 MILLION EUROS VERSUS 922.0 MILLION EUROS YEAR AGO
H1 OPERATING PROFIT OF €1,309 MILLION, €49 MILLION AHEAD OF H1 2023
H1 FREE CASH FLOW €3.2 BILLION
PASSENGER UNIT REVENUE FOR THE HALF YEAR INCREASED BY 2.9%
H1 TOTAL REVENUE 14.72 BILLION EUROS VERSUS 13.58 BILLION EUROS YEAR AGO
REMAINS COMMITTED TO DISCIPLINED CAPITAL ALLOCATION AND DISTRIBUTING EXCESS CASH TO SHAREHOLDERS
OUTLOOK 2024: NON-FUEL UNIT COST IS ALSO AS PREVIOUSLY GUIDED: TO INCREASE SLIGHTLY OVERALL IN 2024
2024 OUTLOOK: FULL YEAR CAPACITY (ASK) GROWTH GUIDANCE REMAINS THE SAME AT 7%; Q3 2024 TO BE C.+7%
OUTLOOK 2024: EXPECTS TO GENERATE SIGNIFICANT FREE CASH FLOW AND MAINTAIN A STRONG BALANCE SHEET
SEES IN 2024 CONTINUING STRONG DEMAND FOR TRAVEL ACROSS OUR CORE MARKETS
Source text for Eikon: ID:nCNM9Rz5n0
Further company coverage: ICAG.L
(Gdansk Newsroom)
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