RE: Spain leading the way11 Jan 2022 10:38
"Firstly, while the pandemic may not end in 2022, the world seems to be adapting. Looking at the company’s September third-quarter earnings report, passenger capacity jumped from 21.9% to 43.4% of pre-pandemic levels. Management’s target for 2021 was 60%, and it’s something I’ll be looking for when the full-year results come out. If this goal is met and passenger volumes continue to climb in 2022, IAG’s revenue could start recovering quickly.
The latest forecasts for the travel sector indicate that a full pandemic recovery for most airlines won’t happen until 2024. However, both business and consumer travel spending gaining momentum by double-digit rates. As such, I think the company should be able to restore a significant portion of its revenue stream. And it seems other analysts agree as 2022 revenue forecasts indicate total sales will land at €19bn versus the €8.5bn expected for 2021.
This 120% rise in revenue could be enough to regain investor confidence, sending the IAG share price flying in the process at similar rates".
GLA and DYOR.