International Consolidated Airlines Group (International Consolidated Airlines Group) EBIT : $3,508 Mil (TTM As of Jun. 2023)

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What is International Consolidated Airlines Group EBIT?

International Consolidated Airlines Group's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $1,570 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $3,508 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Consolidated Airlines Group's annualized ROC % for the quarter that ended in Jun. 2023 was 10.29%. International Consolidated Airlines Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 30.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. International Consolidated Airlines Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 16.87%.

International Consolidated Airlines Group EBIT Historical Data

The historical data trend for International Consolidated Airlines Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

International Consolidated Airlines Group EBIT Chart

International Consolidated Airlines Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3,202.22

-8,746.96

-3,094.92

1,476.70

4,526.72

International Consolidated Airlines Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															1,239.60	534.96	163.81	1,569.88	-

Competitive Comparison of International Consolidated Airlines Group's EBIT

For the Airlines subindustry, International Consolidated Airlines Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

International Consolidated Airlines Group's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, International Consolidated Airlines Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where International Consolidated Airlines Group's EV-to-EBIT falls into.

International Consolidated Airlines Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,508 Mil.

International Consolidated Airlines Group (OTCPK:BABWF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

International Consolidated Airlines Group's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	5317.444 * ( 1 - 12.95% )	/	( (0	+	44994.583)	/ 1 )
=	4628.835002	/	44994.583
=	10.29 %

where

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	46073.673	-	6360.78	-	( 13011.918	-	max(0, 22443.12	-	17161.43	+	13011.918	))
=	44994.583

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

International Consolidated Airlines Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	6279.524	/	( ( (0 + max(0, 0))	+	(20507.042 + max(-14676.057, 0)) )	/	1 )
=	6279.524	/	( ( 0	+	20507.042 )	/	1 )
=	6279.524	/	20507.042
=	30.62 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1875.406	+	442.037	+	1832.069)	-	(6360.78	+	0	+	12464.789)
=	-14676.057

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

International Consolidated Airlines Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	3508.255	/	20795.678
	=	16.87 %

International Consolidated Airlines Group EBIT Related Terms

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International Consolidated Airlines Group (International Consolidated Airlines Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » International Consolidated Airlines Group SA (OTCPK:BABWF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ICAGY:USA 1IAG:Italy IAGl:UK 0A2L:UK IAG:UK IAG:Spain INR:Germany IAG:Austria

Address

El Caserio, Iberia Zona Industrial No. 2, Camino de La Munoza, s/n, Madrid, ESP, 28042

Website

https://www.iairgroup.com

International Consolidated Airlines Group SA is a European airline group flying under the British Airways, Iberia, Aer Lingus, and Vueling brands. The company carried 264 million passengers to its network of 185 destinations globally. The group's main airport hubs are London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. Geographically, it derives a majority of its revenue from the United Kingdom.

International Consolidated Airlines Group (International Consolidated Airlines Group) Headlines

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