News Release
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IAG Capital Markets Day 2013 |
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INTERNATIONAL AIRLINES GROUP CAPITAL MARKETS DAY At its Capital Markets Day today (November 15, 2013) IAG will update the market with the following information: · IAG is targeting a €1.8 billion operating profit in 2015, up from €1.6 billion through: o Impact of Vueling integration and performance o Improved margins in British Airways increasing the 2015 operating profit target from £1.1 billion to £1.3 billion o Iberia recovery plan on track with improvement expected o Additional contribution coming from British Airways and Vueling growth · Aiming for a level of EPS ≥ €0.54 (RoIC ≥ 12 per cent) · Keeping 2015 leverage at around 55 per cent (pre IAS19) · Heading for a business model that could sustain organic growth levels of 2-3 per cent (excluding Vueling) beyond 2015 o Assuming capex of €2.0 - €2.2 billion per year o Providing market level returns for our shareholders |