International Consolidated Airlines Group First Quarter 2024 Earnings: EPS Beats Expectations

International Consolidated Airlines Group (LON:IAG) First Quarter 2024 Results

Key Financial Results

• Revenue: €6.43b (up 9.2% from 1Q 2023).
• Net loss: €4.00m (loss narrowed by 95% from 1Q 2023).
• €0.001 loss per share (improved from €0.018 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

International Consolidated Airlines Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 95%.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe.

Performance of the market in the United Kingdom.

The company's shares are up 1.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for International Consolidated Airlines Group that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.