IAG Says As Of 29 July, 57% Booked For H2, With Booked Revenue In Line With Last Year

Aug 1 (Reuters) - International Consolidated Airlines Group SA ICAG.L:

• INTL CON AIRLINE GRP - HALF-YEAR REPORT

• IAG: Q2 OPERATING PROFIT BEFORE EXCEPTIONAL ITEMS INCREASED BY 35.4% TO €1,680 MILLION

• IAG H1 ADJUSTED REVENUE EUR 15,906 MILLION

• IAG - CONFIDENT IN THE LONGER TERM OUTLOOK FOR IAG

• IAG - CONTINUING TO SEE ROBUST DEMAND FOR AIR TRAVEL AND FOR OUR BRANDS ACROSS OUR CORE MARKETS

• IAG - CONFIDENT IN DELIVERING GOOD EARNINGS GROWTH, MARGIN PROGRESSION AND STRONG RETURNS TO SHAREHOLDERS THIS YEAR

• IAG - TARGET CAPEX OF C.€3.7 BILLION AND RETURNING €1.2 BILLION OF EXCESS CAPITAL IN 2025

• IAG - NOW EXPECT NON-FUEL UNIT COSTS FOR 2025 TO INCREASE BY AROUND 3%

• IAG: BRITISH AIRWAYS CONFIDENT IN ACHIEVING A 15% MARGIN TARGET BY 2027

• IAG: MEDIUM-TERM IBERIA AMBITION TO DELIVER €1.4 BLN OPERATING PROFIT & MARGIN BETWEEN 13.5% AND 15%

• IAG - AS OF 29 JULY 57% BOOKED FOR SECOND HALF, WITH BOOKED REVENUE IN LINE WITH LAST YEAR

• IAG - DEMAND IN CORE MARKETS OF NORTH ATLANTIC, LATIN AMERICA AND EUROPE IS ROBUST

• IAG: H1 PASSENGER CAPACITY OPERATED ROSE BY 2.7%

• IAG - IN 2025 EXPECT SMALL INCREASE IN UNDERLYING COSTS COMPARED TO PREVIOUS GUIDANCE; FX IS NOW EXPECTED TO BE A SMALL TAILWIND IN H2