International Consolidated Airlines Group SA (WBO:IAG)
€ 3.666 0.02 (0.55%) Market Cap: 17.66 Bil Enterprise Value: 24.09 Bil PE Ratio: 6.19 PB Ratio: 3.68 GF Score: 59/100

Full Year 2019 International Consolidated Airlines Group SA Earnings Call Transcript

Feb 28, 2020 / 09:00AM GMT
Release Date Price: €3.62 (-9.05%)
Andrew James Light
International Consolidated Airlines Group, S.A. - Head of IR

Okay. Good morning, everyone, and welcome to IAG's FY 2019 Results Presentation. I'll just hand over to Antonio Vázquez, our Chairman.

Antonio VÃ;zquez Romero
International Consolidated Airlines Group, S.A. - Independent Chairman

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Hi, good morning, everybody, and you're very welcome to the IAG result presentation. I'm glad to be here with the top management team of IAG and the Senior Independent Director, Alberto Terol. So thank you for coming all of you.

As far as the 2019 result is concerned, the Board is extremely happy with the strong set of result for both the full year and the last quarter, even though the second half of the year has not been easy in terms of we had that -- the industrial action and some other disruptions around. In fairness, the Q4 result has been a record in terms of absolute operating margin and operating profit.

As far as the shareholder return is concerned, we have announced an interim dividend of -- with the

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