International Consolidated Airlines Group SA (MEX:IAG)
MXN 30.24 0 (0%) Market Cap: 370.67 Bil Enterprise Value: 505.60 Bil PE Ratio: 6.19 PB Ratio: 3.68 GF Score: 61/100
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Full Year 2018 International Consolidated Airlines Group SA Earnings Call Transcript

Feb 28, 2019 / 08:45AM GMT
Antonio VÃ;zquez Romero
International Consolidated Airlines Group, S.A. - Chairman

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All right. Good morning, ladies and gentlemen. And I'm glad to welcome you jointly with the management; and the Senior Independent Director of the Board of IAG, Patrick Cescau. And welcome to the IAG results presentation 2018.

I'm really glad, another year to be here reporting quite a good result and despite of the headwinds, fuel price up by 30%; the worst air traffic control environment in Europe in the recent history; and the impact of ForEx, a change in the -- in our result, EUR 129 million. So despite of all these headwinds, we have been able to report EUR 3,230 million operating profit, which is 9.5% up versus last year and with an increase in our adjusted EPS of 15.1%. Based on those airlines that have reported so far, we are the only major airline group on either side of Atlantic to have reported a high operating profit and a higher margin on 2018 compared to 2017. So the management team, led by Willie, deserve a very deep and very strong recognition.

As far as the shareholders'

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