IAG - Updated long-term goals at Capital Markets Day

Davy Research
/Read Important Disclosures

We expect the market to receive IAG’s updated long-term goals positively. The changes in earnings (EBITDAR) and cash (equity free cash flow) targets are material and in-line with the increased capex and capacity. The implication is that IAG is happy with existing returns and believes it can grow more without diluting these.

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IAG - Updated long-term goals at Capital Markets Day

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