LHRFlyer
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IAG 2016 Annual Results: Operating profit of €2,535m

Fri Feb 24, 2017 8:36 am

IAG has announced its annual results for 2016, reporting an operating profit of €2,535m

Apart from announcing share buybacks, I can't see any other news such as aircraft orders.

http://www.iairgroup.com/phoenix.zhtml?c=240949&p=irol-newsArticle_Print&ID=2249128

• Fourth quarter operating profit €620 million before exceptional items (2015: €530 million)
• Net foreign exchange operating profit impact for the quarter adverse €88 million
• Passenger unit revenue for the quarter down 12.7 per cent, down 4.3 per cent at constant currency
• Non-fuel unit costs before exceptional items for the quarter down 8.8 per cent, down 0.8 per cent at constant currency
• Fuel unit costs before exceptional items for the quarter down 26.6 per cent, down 21.0 per cent at constant currency
• Operating profit before exceptional items for the year to December 31, 2016 of €2,535 million (2015: €2,335 million), up 8.6 per cent
• Net foreign exchange operating profit impact for the year adverse €460 million
• Revenue for the year down 1.3 per cent to €22,567 million and passenger unit revenue for the year down 5.4 per cent at constant currency
• Fuel unit costs for the year before exceptional items down 26.8 per cent, down 25.8 per cent at constant currency
• Non-fuel unit costs for the year before exceptional items down 4.1 per cent and up 0.5 per cent at constant currency
• Cash of €6,428 million at December 31, 2016 was up €572 million on 2015 year end
• Adjusted net debt to EBITDAR improved 0.1 to 1.8 times
• Profit after tax €1,952 million up 28.8 per cent, and diluted earnings per share up 25.7 per cent
 
pabloeing
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Fri Feb 24, 2017 9:02 am

amazing ¡¡¡¡
 
StTim
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Fri Feb 24, 2017 9:10 am

The Wall Street Journal in their report on the figure has Willie Walsh seeing opportunities for the 321LR across the group and not just for IE.
 
vv701
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Sat Feb 25, 2017 1:33 pm

The last page of the report lists the total IAG operational fleet by type as at end 2016 together with outstanding orders and options. These are the order and option numbers:

A320: 89 orders, 128 options
A321: 17 orders
A332: 3 orders, 5 options
A333: 2 orders
A350: 43 orders, 57 options
A380: 7 options
B787-8: 4 orders
B787-9: 2 orders, 18 options
B787-10: 12 orders
E-190: 15 options
 
Andy33
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Sat Feb 25, 2017 3:51 pm

Now that's very interesting. It's been generally believed that there were 4 788s and 5 789s still to be delivered, based on the registrations reserved, and following various conversions and top-up orders. This 2016 annual report has to be considered definitive, there would be a scandal if the directors issued false information to the investors and stock exchange. So three 789s have evaporated (or were never coming to begin with) but the number of options have increased from 6 (shown in the equivalent report last year) to 18. Does anyone recollect seeing that announced?
 
speedbird9
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Sat Feb 25, 2017 4:18 pm

vv701 wrote:
The last page of the report lists the total IAG operational fleet by type as at end 2016 together with outstanding orders and options. These are the order and option numbers:

A320: 89 orders, 128 options
A321: 17 orders
A332: 3 orders, 5 options
A333: 2 orders
A350: 43 orders, 57 options
A380: 7 options
B787-8: 4 orders
B787-9: 2 orders, 18 options
B787-10: 12 orders
E-190: 15 options


Interesting

Are those 15 options for E-190s all for BA CityFlyer? Would be interesting to see all of those taken up!
 
LHRFlyer
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Sat Feb 25, 2017 7:03 pm

I can't see any more options for E-190s being taken up, at least not for BACF at LCY. It seems to have gone as far it has can with year round business routes.
 
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KarelXWB
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Sat Feb 25, 2017 9:55 pm

IAG also reshuffled some A350 and 787 deliveries.

The company states that it has outstanding commitments to 43 Airbus A350s, among them 18 A350-1000s, for delivery in 2018-22. It is also taking 18 Boeing 787s – including 12 of the new 787-10 – over 2017-21.

...

Dupuy says the talks were “not about cancellations” but about “moving the pattern of deliveries” for the A350s and the 787-10s.

“We have achieved our goals,” he says. “We’re now confident in the numbers, the figures and the timing.”


And an interesting quote regarding the A330:

He points out that leased A330s had previously been considered, but that the need for longer range offered by the 242t take-off weight version of the twinjet “convinced” the company to opt for new-build jets.

“That was the deciding factor,” he says. Walsh states that IAG is “not against” taking second-hand long-haul aircraft but says: “The rate of expansion of the long-haul fleet doesn’t support us doing anything right now.”


https://www.flightglobal.com/news/artic ... le-434560/
What we leave behind is not as important as how we've lived.
 
jmmadrid
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Sun Feb 26, 2017 8:29 am

KarelXWB wrote:
I
And an interesting quote regarding the A330:

He points out that leased A330s had previously been considered, but that the need for longer range offered by the 242t take-off weight version of the twinjet “convinced” the company to opt for new-build jets.

“That was the deciding factor,” he says. Walsh states that IAG is “not against” taking second-hand long-haul aircraft but says: “The rate of expansion of the long-haul fleet doesn’t support us doing anything right now.”



I wonder what cities they have in mind for which the range is not enough?

Iberia fly the 330 nonstop NRT-MAD, Turkish fly the 330 PTY-IST and AEROLINEAS ARGENTINAS fly it BCN-EZE, all those routes are 12+ hours. This means that the plane would have a significant range flying out of LHR. Maybe not enough for LHR-SCL or LHR-SIN, but pretty much everything else in between.
 
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Channex757
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Sun Feb 26, 2017 11:00 am

jmmadrid wrote:
KarelXWB wrote:
I
And an interesting quote regarding the A330:

He points out that leased A330s had previously been considered, but that the need for longer range offered by the 242t take-off weight version of the twinjet “convinced” the company to opt for new-build jets.

“That was the deciding factor,” he says. Walsh states that IAG is “not against” taking second-hand long-haul aircraft but says: “The rate of expansion of the long-haul fleet doesn’t support us doing anything right now.”



I wonder what cities they have in mind for which the range is not enough?

Iberia fly the 330 nonstop NRT-MAD, Turkish fly the 330 PTY-IST and AEROLINEAS ARGENTINAS fly it BCN-EZE, all those routes are 12+ hours. This means that the plane would have a significant range flying out of LHR. Maybe not enough for LHR-SCL or LHR-SIN, but pretty much everything else in between.

BA does't use the A330. The orders were for Iberia.
 
vv701
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Sun Feb 26, 2017 3:33 pm

speedbird9 wrote:
Are those 15 options for E-190s all for BA CityFlyer? Would be interesting to see all of those taken up!


I cannot see any being operated by BA Mainline Heathrow or even BA Gatwick. And there cannot be enough slots at LCY for BA CityFlyer to base15 additional 190s there on weekdays. So what's left?

Perhaps not being able to see much further than the end of my nose my thoughts keep returning to the BA 9 February announcement about the new summer season flights between both BHX and BRS and AGP, FLR, IBZ and PMI. If I add these eight new routes to the other new summer season rotations between MAN and AGP, ALC, IBZ, JMK, NCE and PMI and between STN and FLR, GVA and NCE that BA announced on 31 January, then I start to wonder what would happen next. What if some or even all of these mainly weekly flights, apparently designed to improve the utilisation of existing aircraft when LCY closes on Saturday afternoons and Sunday mornings, were successful? Could BA be feeling the temperature of the water on these routes this summer? And if they are are they hoping that we will all go skiing in the years to come? Or perhaps they will lease some 190s out during the winter?
 
Andy33
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Sun Feb 26, 2017 4:12 pm

vv701 wrote:
speedbird9 wrote:
Are those 15 options for E-190s all for BA CityFlyer? Would be interesting to see all of those taken up!


I cannot see any being operated by BA Mainline Heathrow or even BA Gatwick. And there cannot be enough slots at LCY for BA CityFlyer to base15 additional 190s there on weekdays. So what's left?

Perhaps not being able to see much further than the end of my nose my thoughts keep returning to the BA 9 February announcement about the new summer season flights between both BHX and BRS and AGP, FLR, IBZ and PMI. If I add these eight new routes to the other new summer season rotations between MAN and AGP, ALC, IBZ, JMK, NCE and PMI and between STN and FLR, GVA and NCE that BA announced on 31 January, then I start to wonder what would happen next. What if some or even all of these mainly weekly flights, apparently designed to improve the utilisation of existing aircraft when LCY closes on Saturday afternoons and Sunday mornings, were successful? Could BA be feeling the temperature of the water on these routes this summer? And if they are are they hoping that we will all go skiing in the years to come? Or perhaps they will lease some 190s out during the winter?


These 15 E190 options were also on the 2015 Financial Report, published this time last year, and on previous reports going back to at least 2012. This is long before they started the strategy of using otherwise idle E190s for holiday flights at weekends when LCY is shut.
 
jmmadrid
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Mon Feb 27, 2017 7:55 am

Channex757 wrote:
jmmadrid wrote:
KarelXWB wrote:
I
And an interesting quote regarding the A330:




I wonder what cities they have in mind for which the range is not enough?

Iberia fly the 330 nonstop NRT-MAD, Turkish fly the 330 PTY-IST and AEROLINEAS ARGENTINAS fly it BCN-EZE, all those routes are 12+ hours. This means that the plane would have a significant range flying out of LHR. Maybe not enough for LHR-SCL or LHR-SIN, but pretty much everything else in between.

BA does't use the A330. The orders were for Iberia.


If so, then the comment makes no sense.

IBERIA already have both 330-200 and 330-300 and seem happy flying them throughout their network. They fly them nonstop as far as NRT. Most of IBERIA´s bread and butter routes are shorter than that.

Aer Lingus also use the plane throughout their network.

So when he talked about the A330 not having enough range, he was either thinking of British Airways or not thinking at all.
 
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Richard28
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Mon Feb 27, 2017 8:22 am

Perhaps the range comment refers instead to the extra payload capacity the 242t version has? One assumes at MAD and the routes they fly this could be handy?
 
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Channex757
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Re: IAG 2016 Annual Results: Operating profit of €2,535m

Mon Feb 27, 2017 1:03 pm

Richard28 wrote:
Perhaps the range comment refers instead to the extra payload capacity the 242t version has? One assumes at MAD and the routes they fly this could be handy?

The A330 would have been pointless at BA. The 788 and 789 were already on order and being inducted in numbers, so what would be the point of an orphan type with an orphan engine?

Iberia could certainly use the combination of range and payload offered by the 242t version, which would get closer to the A343 and A346 that will be cycling out of the operation over Iberia's refleeting plans.

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