International Consolidated Airlines Group 2023 Outlook

Net Profit Projection

International Consolidated Airlines Group, the parent company of British Airways, Iberia, and Vueling, is anticipated to announce a net profit of 2.31 billion euros ($2.51 billion) for 2023, as per Visible Alpha consensus data. This marks a significant increase from the EUR431 million net profit reported for the previous year.

Pretax Profit Forecast

According to FactSet data compiled from six analysts’ predictions, the FTSE 100 company is projected to disclose a pretax profit of EUR2.92 billion for the year, a substantial rise from the EUR415 million recorded in the previous fiscal year.

Revenue Estimate

The revenue consensus for International Consolidated Airlines Group, listed on the London and Madrid stock exchanges, stands at EUR29.34 billion.

Key Points to Monitor

Debt Repayment and Dividend Potential: IAG has made strides in reducing its debt obligations, including settling the U.K. Export Finance loan three years ahead of schedule. Analysts at AJ Bell suggest that this progress could pave the way for the company to reintroduce dividends in 2024 after a four-year hiatus.

Competition and Acquisition Updates: Investors will be keen to assess any challenges stemming from competition on Atlantic routes and await developments regarding the proposed acquisition of Spanish airline Air Europa. This acquisition is currently undergoing regulatory and anti-trust reviews. IAG already holds a 20% stake in Air Europa following a EUR100 million transaction in 2022.

Capital Expenditure and Fleet Expansion: Analysts at AJ Bell also anticipate updates on IAG’s capital expenditure initiatives and fleet expansion program.

As we await International Consolidated Airlines Group’s 2023 financial results, all eyes are on these critical areas that could impact the company’s performance moving forward.