International Consolidated Airlines Group Full Year 2024 Earnings: Beats Expectations

International Consolidated Airlines Group (LON:IAG) Full Year 2024 Results

Key Financial Results

• Revenue: €32.1b (up 9.0% from FY 2023).
• Net income: €2.73b (up 2.9% from FY 2023).
• Profit margin: 8.5% (down from 9.0% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.56 (up from €0.54 in FY 2023).

IAG Operational Performance

• Available seat kilometres (ASK): 343.25b (up 6.2% from FY 2023).
• Passenger load factor: 86.5% (up from 85.3% in FY 2023).
• Total aircraft: 590 (up by 17 from FY 2023).

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

International Consolidated Airlines Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%.

The primary driver behind last 12 months revenue was the British Airways segment contributing a total revenue of €17.0b (53% of total revenue). Notably, cost of sales worth €23.0b amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to €2.36b (37% of total expenses). Explore how IAG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe.

Performance of the market in the United Kingdom.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with International Consolidated Airlines Group.

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