Skip to content

Three Quick Facts: International Consolidated Airlines, easyJet and HSBC

*

#1. International Consolidated Airlines

Being a Friday we’ve got the usual slim pickings from the early corporate announcements, but IAG, the owner of British Airways, has published its latest quarterly update. Investors are likely to cheer the 75% increase in operating profits from the same period last year. Costs (excluding fuel) are falling, whilst the timing of Easter is also seen to have benefitted these numbers, but with a growing cash reserve the airline group is certainly well positioned to handle the next slowdown.

#2. easyJet

Keeping with the aviation sector, easyJet published its April traffic figures today. The airline has seen a 4.7% increase in passengers carried over the same period last year, whilst the load factor – the percentage of seats sold on each plane – ticked up to 93.4%. That’s still a little short of the 95% + figures being recorded by Ryanair but the direction of travel certainly remains positive.

#3. HSBC

Surprise news from HSBC which has just published its Q1 results this morning. Profits came in $200 million lower than had been forecast after higher than expected operating costs took a toll on the business. There is a sweetener for shareholders with news of a $2 billion share buy back, but that shortfall in profitability is still likely to leave a bitter taste.

Share this article

Invest with these platforms

Hargreaves Lansdown IG Interactive Brokers Interactive Investor Charles Stanley
IG Interactive Brokers Charles Stanley

Looking for great investing ideas? Sign up to our free newsletter.

Join our UK news channel on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

Learn with our free 'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
Admiral Markets

TMX
WisdomTree
ARK
FxPro
CMC Markets
Back To Top