AAL - International Consolidated Airlines: Better And Cheaper Post-COVID

2024-03-25 08:00:00 ET

Summary

• International Consolidated Airlines Group has seen a significant stock price drawdown, but its fundamentals are robust.
• ICAGY reported strong top-line performance, with revenues higher than pre-COVID levels and capacity almost back to pre-pandemic levels.
• The company's diversification across markets and verticals, along with improved operating margins and a solid balance sheet, make ICAGY an enticing investment at its current low valuation.

While I have done quite a bit of work in the airline space (having largely picked the right winners and the right losers in my April 2020 study of the sector in a COVID-19 recovery environment), I never had the pleasure of researching International Consolidated Airlines Group ( ICAGY ) until now....

For further details see: