The owner of British Airways is to highlight “core leadership positions” on transatlantic routes in a presentation to investors.
International Airlines Group is hosting a capital markets event today (Tuesday) at its head office in London.
IAG pointed out that there will be no discussion of current and future trading and its outlook for 2023 remains unchanged.
Chief executive Luis Gallego said: “We are focused on extending our core leadership positions in the North Atlantic and South Atlantic through developing our hubs, while enabling IAG Loyalty to reach its full potential within the group.
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“Our transformation and investment plans will drive a step change across our businesses, delivering efficiencies and a market-leading customer experience.
“Executing our strategy will enable us to deliver sustainable growth and returns for our shareholders.”
Presentations from IAG’s management team will outline strategic priorities and prospects for the medium term; in addition to how the business will be transformed to deliver sustainable growth, “world-class margins” and maximise long-term shareholder returns.
Medium-term targets include an aperating margin of 12%-15% and return on invested capital of 13%-16%.
A commitment to dividends once the balance sheet and investment plans are secure will also be made.
The senior management team is to discuss a range of subjects including IAG’s leading positions in the world’s most valuable and growing aviation markets, a strategy to deliver sustainable growth through strong brands and an objective to target more than €1.5 billion in operating profit from its Spanish businesses.
More: British Airways summer profits surge 50% despite air traffic control outage