BABWF - International Consolidated Airlines Group S.A. (ICAGY) Q4 2024 Earnings Call Transcript
2025-02-28 09:24:10 ET
International Consolidated Airlines Group S.A. (ICAGY)
Q4 2024 Earnings Conference Call
February 28, 2025 04:30 AM ET
Company Participants
Luis Gallego - Chief Executive Officer
Nicholas Cadbury - Chief Financial Officer & Sustainability Officer
Adam Daniels - Chair and Chief Executive Officer, IAG Loyalty
Sean Doyle - Chairman & Chief Executive Officer, British Airways
Conference Call Participants
James Hollins - BNP Paribas
Alex Irving - Bernstein
Harry Gowers - JPMorgan
Stephen Furlong - Davy
Savi Syth - Raymond James
Jaime Rowbotham - Deutsche Bank
Muneeba Kayani - Bank of America
Jarrod Castle - UBS
Andrew Lobbenberg - Barclays
Conor Dwyer - Morgan Stanley
Guilherme Sampaio - CaixaBank
Ruairi Cullinane - RBC Capital Markets
Jaina Mistry - Jefferies
Johannes Braun - Stifel
Alex Paterson - Peel Hunt
Dudley Shanley - Goodbody
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to International Airlines Group Full Year 2024 Results. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session through the phone line, and the instructions will follow at that time. I would like to remind all participants that this call is being recorded.
I will now hand over to Luis Gallego, Chief Executive Officer to open the presentation. Please go ahead.
Luis Gallego
Good morning, everyone, and welcome to our full year 2024 results. As usual I am here with Nicholas Cadbury, our Chief Financial and Sustainability Officer; as well as other members of the IAG Management Committee.
I'm going to start today by reminding you of the key elements of our investment case. Our fundamentals are very strong. We have a unique and strong core proposition. We have the best network in the world and the best hubs. Our brands in those hubs are incredibly strong think Iberia in Madrid or Aer Lingus in Dublin. Our customer base is highly attractive think BA in London. And we have propositions that bring together, the markets, the brands and the hubs think Vueling in Barcelona.
We are also executing well. Our transformation program is delivering world-class margins through revenue, cost and operations across the group. Transformation is also designed to make this a more resilient sustainable business that can perform well through the cycle. And this is delivered by a talented team of over 74,000 employees around the world.
When you put those two elements together it means we are creating significant value for our shareholders. We are delivering sustainable earnings growth. We are delivering a strong free cash flow after investing in the business. And we are delivering significant cash returns to our shareholders.
Our strategy in simple. Firstly, we want to make the core of the business stronger. We are getting even stronger in those attractive markets and hubs that I have just mentioned by adding destinations and frequencies and improving our schedules. And we are strengthening our portfolio of attractive brands through improving the offering and operations at each of our airlines.
Secondly, we want to grow our asset-light higher margin businesses. IAG Loyalty continues to deliver very strong performance expanding the ways it can create value and it is now our third largest operating company by profit. We can also expand by leveraging our partnerships, so our customers can fly on the best network of flights globally....
International Consolidated Airlines Group S.A. (ICAGY) Q4 2024 Earnings Call Transcript