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a350lover
Topic Author
Posts: 998
Joined: Sun Dec 24, 2017 11:21 am

IAG 2Q Results

Fri Jul 30, 2021 12:42 pm

IAG 2Q Results

https://assets.main.pro2.maf.wdc.west.c ... vFINAL.pdf

    Cash performance better than previous quarters
    Reduce the loss by 46,3%
    Expects capacity to reach up to 45% of capacity levels in 2019 for the rest of 2021
    Greater performance of the Spanish carriers due to lower travel restrictions affecting their main markets
 
majano
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Re: IAG 2Q Results

Fri Jul 30, 2021 1:46 pm

Always good to read financial reports, thank you for posting. The results demonstrate just how far ahead of everybody the US carries are in terms of top line recovery. Secondly, the IAG carriers have done a great job of managing costs downwards. Depreciation is the one line item lagging, but it's down 13%. And finally (and with some humour) who would have imagined IB outperforming BA? I hope that airlines in Europe and the rest of the world start approaching recovery levels.
 
a350lover
Topic Author
Posts: 998
Joined: Sun Dec 24, 2017 11:21 am

Re: IAG 2Q Results

Fri Jul 30, 2021 2:20 pm

majano wrote:
Always good to read financial reports, thank you for posting. The results demonstrate just how far ahead of everybody the US carries are in terms of top line recovery. Secondly, the IAG carriers have done a great job of managing costs downwards. Depreciation is the one line item lagging, but it's down 13%. And finally (and with some humour) who would have imagined IB outperforming BA? I hope that airlines in Europe and the rest of the world start approaching recovery levels.


Agree to all mate;)

Thought the same about IB revenue outperforming BA's business. However, when it comes to cargo BA clearly wins and actually made more total thanks to cargo.

We are probably a year behind the US market in terms of recovery in Europe. It's important to remember that all airlines in Europe are heavily exposed to international travel at a greater level than those in the US which have clearly upgraded their domestic markets.
 
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zeke
Posts: 16435
Joined: Thu Dec 14, 2006 1:42 pm

Re: IAG 2Q Results

Fri Jul 30, 2021 2:30 pm

majano wrote:
And finally (and with some humour) who would have imagined IB outperforming BA?


Anyone who has had a Spanish and British girlfriend :)
 
Amsterdam
Posts: 453
Joined: Thu Mar 17, 2011 12:52 am

Re: IAG 2Q Results

Fri Jul 30, 2021 3:33 pm

zeke wrote:
majano wrote:
And finally (and with some humour) who would have imagined IB outperforming BA?


Anyone who has had a Spanish and British girlfriend :)


lol
 
a350lover
Topic Author
Posts: 998
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Re: IAG 2Q Results

Fri Jul 30, 2021 3:38 pm

LEVEL has little presence within this report. Is that normal?
 
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Polot
Posts: 12399
Joined: Thu Jul 28, 2011 3:01 pm

Re: IAG 2Q Results

Fri Jul 30, 2021 3:41 pm

a350lover wrote:
LEVEL has little presence within this report. Is that normal?

LEVEL is now just a 4 plane operation with all flights technically operated by Iberia. So not much to include about them in the report other than basics presented.

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