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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Q1 2020 International Consolidated Airlines Group SA Earnings Call Transcript

May 07, 2020 / 08:00AM GMT
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter 2020 International Consolidated Airlines Group, S.A. Earnings Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today on the 7th of May 2020. I would now like to hand the conference over to your speaker today, Willie Walsh. Please go ahead, sir.

William Matthew Walsh
International Consolidated Airlines Group, S.A. - Executive Officer

Thank you, and good morning, everyone. Thank you for joining us. So before I hand over to Steve Gunning to take you through a more detailed presentation, just like to make a few opening comments. So I probably don't need to tell you guys that this is not a normal quarter, in fact, far from it, as evidenced by the fact that I'm presenting when I should be retired.

So we are reporting an unusual quarterly pre-exceptional operating loss of EUR 535 million compared to a profit last year of EUR 135 million. I mentioned on the last call that the first 2 months were slightly loss-making were actually

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