Brief: IAG Q3 Revenue Up 4.5% YoY To €9.74 Bln
BRIEF-IAG Q3 Revenue Up 4.5% YoY To €9.74 Bln Nov 6 (Reuters) - International Consolidated Airlines Group, S.A. ICAG.L:
REVENUE IN THE THIRD QUARTER INCREASED BY 4.5% TO €9,744 MILLION
OPERATING PROFIT BEFORE EXCEPTIONAL ITEMS IN Q3 DECREASED TO €1,726 MILLION (2025: €2,053 MILLION)
EXPECTS GOOD REVENUE GROWTH, WITH 85% OF EXPECTED FORWARD BOOKINGS FOR THE FOURTH QUARTER NOW SECURED
BOOKINGS FOR THE FIRST QUARTER OF 2027 ARE CURRENTLY STRONG
TOTAL FUEL COST IS EXPECTED TO BE €8.9 BILLION FOR THE FULL YEAR, BASED ON THE JET FUEL CURVE AND FOREIGN EXCHANGE RATES AT 3 NOVEMBER 2026
CURRENTLY 45% HEDGED FOR 2027
CAPITAL EXPENDITURE FOR FULL YEAR 2026 IS NOW EXPECTED TO BE €3.1 BILLION
NOW EXPECTS 12 AIRCRAFT TO BE DELIVERED IN 2026 (COMPARED TO 16 GUIDED AT HALF YEAR RESULTS) DUE TO DELAY TO THREE BOEING 737 DELIVERIES AT VUELING AND ONE AIRBUS A321NEO FOR BRITISH AIRWAYS
PASSENGER UNIT REVENUE, MEASURED AS PASSENGER REVENUE PER ASK (PRASK), ROSE BY 3.0%
FY CAPACITY (ASK) IS NOW EXPECTED TO BE SLIGHTLY DOWN COMPARED TO FY 2025
ANNOUNCES AN INTERIM DIVIDEND OF €0.053 PER SHARE
Source text: ID:nCNM8C9SCt
Further company coverage: ICAG.L
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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Brief: IAG Q3 Revenue Up 4.5% YoY To €9.74 Bln