Thursday's agenda - IAG's stats flying onto investor radar


(MENAFN- ProactiveInvestors)If you like airline statistics then Thursday will see you bopping in the aisles. As well as no doubt a good deal of attention  on the markets and that recovery of share prices British Airways owner IAG(LON:IAG) releases August flying data tomorrow. And the focus will be on the higher margin premium traffic typically that of business travellers which also saw good growth last month according to Graham Spooner at The Share Centre. 'While the performance of European and Latin American routes was very good previously the US showed the slowest growth so investors may be paying particular attention to that figure to see if a trend is emerging' he added. Earlier this month IAG revealed it was buying 31 Airbus jets worth about US$4.7bn (£3bn) at list prices to replace and expand its fleets. The owner of British Airways and Iberia is converting eight A350-900 and three A330-200 long-haul aircraft options into firm orders for the Spanish flag carrier. As for EasyJet (LON:EZJ) which posts a trading statement on Friday Spooner thinks investors will be keen to hear if the low-cost airline's recent strong growth in passenger traffic and load factors has continued into the main part of the summer holiday season. 'With the oil price continuing to fall the market will be looking for signs that lower fuel costs are helping boost sales and margins' he said. Go-ahead Group (LON:GOG) also reports on Thursday with final results and there is a trading statement from retailer McColls (LON:MCLS). Significant announcements expected Final: Alumasc Group  (LON:ALU) CPL Resources  (LON:CPS) Go-Ahead Group (The)  (LON:GOG) Redde (LON:REDD) Interims: Empresaria Group  (LON:EMR) Fairpoint Group  (LON:FRP) Forbidden Technologies  (LON:FBT) Safestore Holdings  (LON:SAFE) Total Produce  (LON:TOT) Trading statement: International Consolidated Airlines Group (LON:IAG) McColl's Retail Group (LON:MCLS) Economic: EU – ECB policy meeting; Retail sales. US – Weekly jobless claims; Trade balance.


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