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International Airlines Group Investor Presentation  
User currently offlineLHRFlyer From United Kingdom, joined Apr 2010, 816 posts, RR: 1
Posted (2 years 10 months 3 weeks 5 days 5 hours ago) and read 5913 times:

Below is a link to an investor presentation given by IAG to its institutional investors in Madrid.

Of particular interest are IAG's plans for Iberia to update its fleet, products and brand image as well as improve the MAD hub.

Also of note is slide 60 which shows that the London O&D market is bigger than both the Paris & Amsterdam market combined and bigger than the FRA, MUC, ZRH, VIE and BRU O&D markets combined.

http://media.corporate-ir.net/media_...Capital%20Markets%20Day%202011.pdf

[Edited 2011-11-11 02:44:52]

31 replies: All unread, showing first 25:
 
User currently offlineseansasLCY From Hong Kong, joined Mar 2007, 868 posts, RR: 0
Reply 1, posted (2 years 10 months 3 weeks 5 days 3 hours ago) and read 5721 times:

Looking at the final grouping of slides, its sounds as if Iberia will be getting a new livery of some kind. They speak of how the opposition has modernised but Iberia hasn't.

This will be interesting to see what look IAG has in mind for Iberia.


User currently offlinesimairlinenet From United States of America, joined Oct 2005, 917 posts, RR: 2
Reply 2, posted (2 years 10 months 3 weeks 5 days 2 hours ago) and read 5664 times:

Slide 53: only 9% of capacity is to Asia-Pacific. I know IAG claims to continue to rely on its partners to serve this reason, but how long will this underinvestment continue (also shown on slides 79/80, actually this entire section does not present a positive picture)?

Slide 61: Paris-Guadeloupe is in the top 10 O&D longhaul routes worldwide. Why?


User currently offlinepolot From United States of America, joined Jul 2011, 2219 posts, RR: 1
Reply 3, posted (2 years 10 months 3 weeks 5 days 1 hour ago) and read 5592 times:

Quoting simairlinenet (Reply 2):
Slide 61: Paris-Guadeloupe is in the top 10 O&D longhaul routes worldwide. Why?

Guadeloupe is part of France, more specifically an overseas region, so a lot of O&D traffic between them. That said I don't fully understand that slide. They say top 10 O&D markets but give more than 10 city pairs.


User currently offlineLHRFlyer From United Kingdom, joined Apr 2010, 816 posts, RR: 1
Reply 4, posted (2 years 10 months 3 weeks 5 days 1 hour ago) and read 5541 times:

I think the plans to develop MAD are interesting. There is a lot of untapped potential there and I note the mention of the opportunity to capture Asia-Latin America traffic flows.

It's rare to get such a detailed document from the top of an organisation and it's worth taking the time to look through it. There are a lot of insights into the business.


User currently offlineVV701 From United Kingdom, joined Aug 2005, 7575 posts, RR: 17
Reply 5, posted (2 years 10 months 3 weeks 4 days 23 hours ago) and read 5394 times:

Quoting polot (Reply 3):
That said I don't fully understand that slide. They say top 10 O&D markets but give more than 10 city pairs.

Of course none of us have had thew sadvantage of hearing the words spoken that accpmpanied each slide. So - fdon't flame me - here's my guess.

There are twelve routes depited amongst the Top Ten O&D Markets of more than 3,000 miles. Two of these, Los Angeles to Seoul and Tokyo to Honolulu, are stand alone "routes". The remaining 10 are interlinked "markets". Could that be it?

To me the most interesting slides are those depicting the current fleet plans for BA, IB annd the new Iberia Express to be launched next year. In summary they are:


From Slide 18:

BA 744s. 2011: 52. 2015: 45. (That means no more back from the desert and 7 additional retirements.)

BA 763s. 2011: 14. 2015: 1. (14 retirements as 787s are delivered).

BA 772s. 2011: 49. 2015: 54. (BA have 44 772s + 4 77Ws in service. A 5th 77W is due by year end. A further frame will be delivered early next year and they recently firmed up 2 options. The 2015 figure includes all of these PLUS TWO.

BA 787s. 2011: 0. 2015: 16

BA 380S. 2011: 0. 2015: 9

BA 320 family. 2011: 84. 2015: 95 with 10 deliveries before end 2015. (BA will receive one new 320 early next year . ~It has been previously announced they will buy 5 new 320s ordered by IB. Now we see an additional 4 aircraft,)


From Slide 178:

IB 343s. 2011: 18. 2015: 7 with a comment that 343s will be replaced by 330s until a suitable alternative replacement becomes available.

IB 346s. 2011: 17. 2015:17.

IB 330s. 2011: 0. 2015:16. (With the retirement of 11 343s - see above - this is a flkeet expansion of 5 frames


From Slide 199:

Iberia Express 320s: 2011: 2015: 40 (mainly - solely? - from transfers from IB main line).


User currently offlineAeroWesty From United States of America, joined Oct 2004, 20685 posts, RR: 62
Reply 6, posted (2 years 10 months 3 weeks 4 days 23 hours ago) and read 5329 times:

Quoting LHRFlyer (Thread starter):
Below is a link to an investor presentation given by IAG to its institutional investors in Madrid.

Thanks for the link. Interesting read.

Quoting seansasLCY (Reply 1):
Looking at the final grouping of slides, its sounds as if Iberia will be getting a new livery of some kind. They speak of how the opposition has modernised but Iberia hasn't.

Since 1970! And people talk about AA's dating back to 1968.  

I also noticed an unfortunate piece of photoshopping done on the ITA screens in slides 106 and 107. Oops.



International Homo of Mystery
User currently offlineTristarsteve From Sweden, joined Nov 2005, 4017 posts, RR: 34
Reply 7, posted (2 years 10 months 3 weeks 4 days 21 hours ago) and read 5194 times:

Quoting VV701 (Reply 5):
BA 763s. 2011: 14. 2015: 1. (14 retirements as 787s are delivered).

as usual the 14 Long haul B767s are mentioned, being replaced by B787.

But where are the 7 short hail aircraft? Can't see them anywhere.


User currently offlineAeroWesty From United States of America, joined Oct 2004, 20685 posts, RR: 62
Reply 8, posted (2 years 10 months 3 weeks 4 days 21 hours ago) and read 5112 times:

Quoting Tristarsteve (Reply 7):
But where are the 7 short hail aircraft? Can't see them anywhere.

Wouldn't they be part of the short-haul "other" totals? 39 in 2011 and 34 in 2015.



International Homo of Mystery
User currently offlinespeedbird9 From United Kingdom, joined Jan 2008, 231 posts, RR: 0
Reply 9, posted (2 years 10 months 3 weeks 4 days 19 hours ago) and read 5017 times:

From the looks of Slide 18 BA are planning to order 2 more A318's
also that slide 65 the map of LHR labels T5 as IAG and not BA

Just a thought!



Is the customer always right? Michael O'Leary: no the customer is nearly always wrong
User currently offlineLHRFlyer From United Kingdom, joined Apr 2010, 816 posts, RR: 1
Reply 10, posted (2 years 10 months 3 weeks 4 days 19 hours ago) and read 5001 times:

Quoting speedbird9 (Reply 9):
From the looks of Slide 18 BA are planning to order 2 more A318's
also that slide 65 the map of LHR labels T5 as IAG and not BA

Just a thought!


My reading is that the A318 fleet is planned to remain at 2 in 2015.

Technically T5 will be an IAG terminal next year because Iberia is moving in at the end of the winter season.


User currently offlinertfm From United Kingdom, joined Oct 2004, 428 posts, RR: 0
Reply 11, posted (2 years 10 months 3 weeks 4 days 19 hours ago) and read 4980 times:

Quoting speedbird9 (Reply 9):
From the looks of Slide 18 BA are planning to order 2 more A318's

No - you're misreading the slide - the figures compare total in service now (i.e. 2011) with total in service in 2015. (So 2 x A318 now and still 2 x A318 in 2015.)


User currently offlineGCT64 From United Kingdom, joined Nov 2007, 1399 posts, RR: 1
Reply 12, posted (2 years 10 months 3 weeks 4 days 19 hours ago) and read 4967 times:

Quoting AeroWesty (Reply 8):
Wouldn't they be part of the short-haul "other" totals? 39 in 2011 and 34 in 2015.

This seems to me to imply that the bulk of the BA LGW 734s will still be in service in 2015 - or have I missed something?



Flown in: A30B,A306,A310,A319,A320,A321,A332,A333,A343,A346,A388,BA11,BU31,B190, B461,B462,(..51 types..),VC10,WESX
User currently offlineAeroWesty From United States of America, joined Oct 2004, 20685 posts, RR: 62
Reply 13, posted (2 years 10 months 3 weeks 4 days 16 hours ago) and read 4795 times:

Quoting GCT64 (Reply 12):
This seems to me to imply that the bulk of the BA LGW 734s will still be in service in 2015

Seems plausible.

On my second read through the presentation, the figures for savings on crew costs leapt out at me for how relatively small they were in comparison to other line items. €30 mil. here, €45 mil. there, etc., with seemingly the vast bulk of savings and improved earnings coming from the streamlining of operations, bulk purchases, joint ventures, and more fuel-efficient aircraft. Was the industrial strife and damage to the BA brand worth it for relatively little in return, or is there a bigger picture on the labor front that I'm missing? It's not necessary to rehash all of the labor episodes, but perhaps someone could summarize where the savings has been documented in this presentation.

On another topic, a few of the graphics that were particularly interesting to me were slide 70 comparing LHR-MAD flight timings, allowing night stops to be eliminated while convenience/frequency improved. Then the traffic flows on slide 90 combined with slide 114, where IAG intends to be a player carrying cargo between the BRIC countries. In slide 90 IAG appears confident that between BA and IB, they can maintain valuable market share between Africa on one end, and the Mideast and South Asia on the other, plus between N. America and Africa, Mideast and South Asia. Not quite sure I'd bet too much of the farm on that down the road, unless IAG can deliver on pricing and "passion for the brand" to place bums in seats with all of the new competition.

Slide 63 represents good visual impact of how much more efficient connecting in Europe could be vs. the Gulf. But it's deceptive—PEK-DXB-GRU isn't even 300 miles off of the PEK-LHR-GRU route, despite the map seeming to indicate that the difference is much greater on the 11,000-mile trip. To the uneducated, one could think "no one would ever be so silly as to fly Emirates, BA has nothing to worry about. Full steam ahead towards bigger and better profits." Then slide 71 offers a fair comparison between connecting in LHR vs. MAD, but is there really that much traffic carried JFK-MAD-ARN to optimize?

I've come away from the presentation thinking it looks nice, is a great start, has a bunch of info, but can IAG really deliver on the goods?



International Homo of Mystery
User currently offlineLHRFlyer From United Kingdom, joined Apr 2010, 816 posts, RR: 1
Reply 14, posted (2 years 10 months 3 weeks 4 days 7 hours ago) and read 4582 times:

Regarding cabin crew savings, there were two elements originally. The first came from reducing crewing levels on the existing fleets (which saved £60m) and the establishment of Mixed Fleet. Remember the savings quoted are only to 2015 and will increase as Mixed Fleet grows.

The industrial strife was worth it. BA is now in a position to grow, partly because it has a much more competitive cost base. There are lots of other indirect benefits of Mixed Fleet such as much no restrictive practices, much much greater flexibility during irregular ops, promotion solely on merit. Things had to change and allowing the cabin crew union to resist change would have set a dangerous precedent.


User currently offlinespeedbird9 From United Kingdom, joined Jan 2008, 231 posts, RR: 0
Reply 15, posted (2 years 10 months 3 weeks 4 days 5 hours ago) and read 4491 times:

Quoting LHRFlyer (Reply 10):
Technically T5 will be an IAG terminal next year because Iberia is moving in at the end of the winter season.

when did this happen? I know BA planned to switched MAD and BCN from T3 to T5 but i didnt know anything about Iberia moving in with BA. I would have thought it would have made more sense to stay at T3 for easier connection with oneworld

Quoting rtfm (Reply 11):
Quoting speedbird9 (Reply 9):
From the looks of Slide 18 BA are planning to order 2 more A318's

No - you're misreading the slide - the figures compare total in service now (i.e. 2011) with total in service in 2015. (So 2 x A318 now and still 2 x A318 in 2015.)

oh thanks for clearing that up. Thanks

Thanks



Is the customer always right? Michael O'Leary: no the customer is nearly always wrong
User currently offlinelhr380 From , joined Dec 1969, posts, RR:
Reply 16, posted (2 years 10 months 3 weeks 4 days 5 hours ago) and read 4453 times:

Quoting speedbird9 (Reply 15):
when did this happen? I know BA planned to switched MAD and BCN from T3 to T5 but i didnt know anything about Iberia moving in with BA. I would have thought it would have made more sense to stay at T3 for easier connection with oneworld

Was always going to happen. Even with IB in T5, its still very easy to connect to the T3 Oneworld flights. Took me 15 min on the connection bus yesterday, and even though I bypass security in Connections as staff, at the time I went thru it was very quiet in security.


User currently onlinefcogafa From United Kingdom, joined May 2008, 812 posts, RR: 0
Reply 17, posted (2 years 10 months 3 weeks 4 days 4 hours ago) and read 4370 times:

Quoting lhr380 (Reply 16):
flights. Took me 15 min on the connection bus yesterday, and even though I bypass security in Connections as staff, at the time I went thru it was very quiet in security.

What route does the bus take from T3 to T5, does it stay airside?


User currently offlinelhr380 From , joined Dec 1969, posts, RR:
Reply 18, posted (2 years 10 months 3 weeks 4 days 2 hours ago) and read 4229 times:

Quoting fcogafa (Reply 17):
What route does the bus take from T3 to T5, does it stay airside?

Yep. From T3 it goes into the tunnel to T5, you go along 09L for a little then back in a tunnel and come up at the Southside of T5. The views GOING to T3 are better, You go down to the North end, into a tunnel, pop up at T5B, going along the whole length with the Planes on the right side of you, then back in the tunnel to T3, past a few gates and then get to the Connections Bus centre.


User currently offlinemikey72 From United Kingdom, joined Oct 2009, 1780 posts, RR: 2
Reply 19, posted (2 years 10 months 3 weeks 4 days 2 hours ago) and read 4194 times:

Quoting VV701 (Reply 5):
BA 744s. 2011: 52. 2015: 45. (That means no more back from the desert and 7 additional retirements.)

Some of them are getting a bit tatty I've noticed but I suppose they will get the new cabins/seats etc ?



Flying is like sex - I've never had all I wanted but occasionally I've had all I can stand.
User currently offlineGSTBA From UK - England, joined Apr 2010, 465 posts, RR: 1
Reply 20, posted (2 years 10 months 3 weeks 3 days 18 hours ago) and read 3941 times:

quote=mikey72,reply=19]Some of them are getting a bit tatty I've noticed but I suppose they will get the new cabins/seats etc ?[/quote]

BA has for some reason only known to them NO plans to fit any of the 747 fleet with the new WT, WTP or Thales AVOD products.

The majority, but not all of the 747 will be fitted with the New First Cabin.

So far BA have fitted the New First Product to the following 747's

Mid J (52J) Configured:

G-BNLG, G-BNLU & G-BNLV
G-CIVD, G-CIVE, G-CIVJ, G-CIVK, G-CIVN, G-CIVP & G-CIVT

Hi J (70J) Configured:

G-BNLE, G-BNLK, G-BNLN, G-BNLO, G-BNLP,G-BNLT
G-BYGA, G-BYGB, G-BYGC, G-BYGE G-BYGF & G-BYGG
G-CIVF, G-CIVG, G-CIVH, G-CIVI, G-CIVM, G-CIVO, G-CIVR & G-CIVS

BA plan to fit over the coming months the following 747's with the New First Cabin

Mid J (52J) Configured:

G-CIVL & G-CIVU

Hi J (70J) Configured:

G-BYGD
G-CIVV, G-CIVW, G-CIVX, G-CIVY & G-CIVZ
(G-CIVZ currently at CWL expected to return with new F fitted)

The following 747's will NOT be fitted with the New First Cabin

Mid J (52J) Configured:

G-BNLF, G-BNLI, G-BNLL, G-BNLM, G-BNLR, G-BNLS, G-BNLW, G-BNLX, G-BNLY & G-BNLZ
G-CIVA, G-CIVB & G-CIVC


BA plan to fit the new WT, WTP and Thales AVOD system to the all new deliveries and to the following 772's.

G-RAES (Aircraft currently at CWL for refit)
G-VIIA, G-VIIB, G-VIIC, G-VIID, G-VIIE, G-VIIF, G-VIIG, G-VIIH, G-VIIJ, G-VIIK, G-VIIL, G-VIIM, G-VIIN & G-VIIS
G-ZZZA, G-ZZZB and G-ZZZC

There are no plans to fit the cabin to any of the other 772's in service


User currently offlinelhr380 From , joined Dec 1969, posts, RR:
Reply 21, posted (2 years 10 months 3 weeks 3 days 18 hours ago) and read 3922 times:

Quoting GSTBA (Reply 20):
BA has for some reason only known to them NO plans to fit any of the 747 fleet with the new WT, WTP or Thales AVOD products.

Maybe because they will start to go when the 380s start to arrive in about a year, and only just had AVOD installed very recently?

The 767 is getting the full refit with the new cabins and IFE, new overhead as well/


User currently offlinerobso2 From Switzerland, joined Jun 2010, 218 posts, RR: 0
Reply 22, posted (2 years 10 months 3 weeks 3 days 17 hours ago) and read 3878 times:

Quoting Tristarsteve (Reply 7):
But where are the 7 short hail aircraft? Can't see them anywhere.

These are mentioned on slide 18 under 'other aircraft'



733/4/5/6/7/8/9, 319/20/21, 752, 744, 772, 332/3, 343/6, E70/90, AT43, AR85/1, D38, D10, M82
User currently offlineByrdluvs747 From United States of America, joined Jul 2004, 2362 posts, RR: 1
Reply 23, posted (2 years 10 months 3 weeks 3 days 17 hours ago) and read 3848 times:

I was hoping to extract some tidbit about IAG's future acquisition possibilities.


The 747: The hands who designed it were guided by god.
User currently offlinemikey72 From United Kingdom, joined Oct 2009, 1780 posts, RR: 2
Reply 24, posted (2 years 10 months 3 weeks 3 days 8 hours ago) and read 3687 times:

Quoting GSTBA (Reply 20):
The following 747's will NOT be fitted with the New First Cabin
Quoting GSTBA (Reply 20):
There are no plans to fit the cabin to any of the other 772's in service

As much as I support BA I do wish they would reach a stage where the entire long-haul fleet have the same product. This hasn't been the case for some time now.

However, I do understand it must be like painting the Forth Bridge at times !



Flying is like sex - I've never had all I wanted but occasionally I've had all I can stand.
25 Auchmithie : The 49 strong fleet would be before G-STBD entered service so 3 x 772 (ZZZ* series) + 24 x 772IGW (VII* series + G-RAES) + 19 x 772ER (YMM* series) +
26 robso2 : I am surprised that BA have not decided to retired more of the 744's and opt to purchase a replacement for some of the more elderly in the fleet. I as
27 lhr380 : They have, the 787 and 380 as well as the 773. But of course the airline needs all the frames it can, and has of course brought planes back from stor
28 VV701 : Think you hit the nail on the head except that they have been continuously painting the Forth Railway Bridge since it was opened in 1890 until earlie
29 cmf : That sounds incredibly low. Almost the same as Pan Am paid for their original order some 20 years before.
30 Post contains images VV701 : Thanks for that. Checked my source and it should have been $150million each. Sorry. I was confusing it with the price contracted for each of the five
31 Post contains images mikey72 : AA's livery looks pretty timeless to me. I think it's one of the best out there ! Just out of interest when is EK's next Investor Presentation ? (If
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