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International Airlines Group Capital Markets Day
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At its inaugural Capital Markets Day today (November 11, 2011) IAG will release the following new financial information to the market:

  1. An operating profit target of around €1.5 billion in 2015 achieved through an increase from €400 million to €450 million in annual synergy targets from year five, structural profit improvements of €400 million plus organic growth of €150 million.
  2. Specific areas of financial benefit including the creation of Iberia Express (at least €100 million), hub improvements at Madrid Barajas (at least €100 million).
  3. From a 2010 base, we expect the optimisation of the transatlantic joint business with American Airlines to deliver at least €150 million.
  4. Planned capital expenditure programme of €1.1 billion in 2011, €1.6 billion in 2012, €2.0 billion in 2013, €1.35 billion in 2014, €1.6 billion in 2015.
  5. Cost efficiency gains from the introduction of new aircraft into the fleet of around €250 million.
  6. Organic capacity growth rate of 2.5 per cent per annum up to 2015.
  7. EU emissions trading costs of €90 million in year one of the scheme at current carbon prices.
  8. View into 2012: at today´s spot fuel price, we would expect around 14% growth in unit fuel costs; we expect unit costs ex-fuel to be flat; we plan to grow capacity by 2.5%.

The presentation from the Capital Markets Day can be accessed via today from 0700 GMT/0800 CET and a transcript will be available on the website as soon as possible after the event.