International Price, Forecast, Insider, Ratings, Fundamentals & Signals

ICAGY, EC and SKX made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 1, 2023.

British Airways owner International Consolidated Airlines Group's (LSE:IAG) agreed €400 million takeover of Air Europa faces objections from the European Commission's antitrust regulators, which could block the deal.  A preliminary view from the EC was provided late on Friday that the acquisition "may restrict competition in the market for passenger air transport services, in particular for routes within, to and from Spain", with concerns that it may result in prices and/or decreased quality of services.

EU antitrust regulators on Friday warned that British Airways owner IAG's bid to secure full control of Air Europa may reduce competition and lead to price increases.

British Airways owner International Consolidated Airlines Group SA (LSE:IAG) took off on Thursday after US-based rivals signalled improving transatlantic demand. United Airlines Holdings Inc (NASDAQ:UAL, ETR:UAL1) said on Wednesday that it expected to see strong demand over the summer, fuelling a record for passenger numbers this year.

Investors in airline stocks should ignore Lufthansa's profit warning in assessing the potential for the sector, according to Liberum, with geopolitical risk remaining the key concern. Growing tensions in the Middle East forced several carriers, including easyJet PLC, to cancel flights to Israel recently, the response from the market was measured rather knee-jerk.

British Airways owner IAG looks set for a mixed first quarter update on 10 May, according to analysts at Stifel, with improving transatlantic trends offset by ‘investment' costs. Underlying profits [EBIT] of €11m is what the broker expects IAG to announce, with unit revenue growth of 1% year-on-year.

British Airways owner International Consolidated Airlines Group's (LSE:IAG) acquisition of Air Europa is likely to face continued objections from the European Union regulator, a report suggested. The Anglo-Iberian group suggested potential remedies to initial antitrust concerns raised by the European Commission as part of the phase-two investigation.

EU antitrust regulators have not sought feedback from rivals and customers on remedies submitted by British Airways owner IAG for its deal to acquire Air Europa, indicating that these are insufficient to address regulatory concerns, people with direct knowledge of the matter said.

International Consolidated Airlines Group SA (ICAGY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ICAGY's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

IAG, a well-managed airline group, presents a promising investment opportunity with superior profitability and recovery from the pandemic compared to its peers. IAG has been among the most profitable airlines since 2017 and has recovered faster from the pandemic, outperforming most competitors. IAG's stock is undervalued with the potential for a substantial return, but there are inherent risks in the airline industry and IAG's financial vulnerability.