IAG has once again broken its own records on the stock market, with its shares reaching 5.702 euros at the start of this Monday's session, in a scenario of less uncertainty and more favorable for the airline industry following the latest advances towards peace in the Middle East war.
After 2:55 PM, the 'holding' company's stock was up 1.76%, reaching 5.668 euros per share. So far this year, the group has gained 19.35% in value, and 38.94% if the last year is taken as a reference, placing its market capitalization at 24.691 billion euros.
In its latest quarterly accounts, the parent company of Iberia, Vueling, and Level reported a net profit of 301 million euros in the first quarter, 71% higher than that recorded in the same period of the previous year, although it reduced its capacity forecast due to the conflict in the Middle East.
Furthermore, despite having 70% kerosene coverage for the rest of the year, the company anticipates an additional fuel cost of 1.6 billion euros.
At the same time, IAG maintains a robust financial structure, with net debt of 4.183 billion euros, 30% lower, while net leverage remained at 0.5 times. For its part, liquidity rose to 12.731 billion euros, 16% more.