International Consolidated Airlines Group SA (OTCPK:BABWF)
$ 2.635 0.025 (0.96%) Market Cap: 13.33 Bil Enterprise Value: 20.60 Bil PE Ratio: 13.31 PB Ratio: 2.61 GF Score: 78/100
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Q3 2023 International Consolidated Airlines Group SA Interim Management Statement Call Transcript

Oct 27, 2023 / 08:30AM GMT
Release Date Price: $1.59
Operator

Good day, and thank you for standing by. Welcome to the Q3 2023 International Airlines Group Earnings Conference Call and Webcast.

(Operator Instructions) Please note that today's conference is being recorded. I would now like to turn the conference over to your speaker, Mr. Luis Gallego, CEO. Please go ahead, sir.

Luis Gallego Martin
International Consolidated Airlines Group S.A. - CEO & Executive Director

Good morning, everyone, and welcome to the IAG 2023 Third Quarter Update. Today, as usual, I have the rest of the management committee here with me as well as the Investor Relations team.

This has been another strong quarterly performance for IAG. We have delivered a record operating profit for the third quarter of EUR 1,745 million. Sustained demand across our network has driven significant positive revenue performance across all our airlines. The very good unit revenue trend from earlier this year has continued this quarter, up 25% compared to Q3 2019 and up 2.2% against a very strong third quarter in 2022.

As we have said

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