ADVFN ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Icon for smarter Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.

IAG Expands Fleet with Order of 53 New Long-Haul Aircraft

Share On Facebook
share on Linkedin
Print

 

©

International Consolidated Airlines Group (IAG) (LSE:IAG) has placed an order for 53 new long-haul aircraft from both Airbus and Boeing, which includes 32 Boeing 787-10s for British Airways and 21 Airbus A330-900neos for its other brands, such as Aer Lingus, Iberia, or LEVEL. This significant fleet upgrade, which is awaiting shareholder approval, will span from 2028 to 2033. The investment aims to modernize IAG’s fleet, boost its presence in key markets, and replace older aircraft, further solidifying its commitment to strengthening its airline brands and offering enhanced services to customers.

While IAG is experiencing strong financial recovery with substantial growth in revenue and profits, concerns about its high leverage persist. Technical analysis shows bearish momentum for the stock, though its valuation remains attractive. Recent positive earnings calls, along with strategic initiatives and shareholder returns, have reinforced the company’s long-term potential despite facing ongoing operational challenges.

About International Consolidated Airlines Group

IAG is a major player in the global airline industry, operating a network of long-haul and short-haul services under its well-known brands, including British Airways, Aer Lingus, Iberia, and LEVEL. The company focuses on fleet modernization with a strong emphasis on fuel-efficient aircraft to improve customer experiences and strengthen its competitive position in the market.

  • Average Trading Volume: 29,257,895
  • Technical Sentiment Signal: Buy
  • Current Market Cap: £13.44B

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Comments are closed

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com