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ICAGY - International Consolidated Airlines Group: It Will Be Ugly For A While
International Consolidated Airlines Group SA ADR
International Consolidated Airlines Group (ICAGY) is a British airline group that owns one of the biggest European legacy carriers like British Airways and Iberia. In the last few years, the company was able to achieve record earnings, and its ROIC at the end of 2019 was 14.7%, up from 4% in 2011. However, as COVID-19 started to spread all around the world at the beginning of the year, International Consolidated Airlines Group was forced to ground most of its fleet and mobilize all of its resources to survive this pandemic. Since February,