International Consolidated Airlines Group (IAG) will update the market today (November 4, 2016) at its Capital Markets Day with the following key information:

Shareholder cash returns:
IAG reinforces its strong equity free cash flow targets
IAG has a strong balance sheet and has no need for further deleveraging

Long-term planning goals for 2016-2020 include:
Return on Invested Capital (real terms) targeting sustainable 15% (no change)
An operating profit margin of 12% to 15% (no change)
Average EPS growth of 12%+ per annum (no change)
EBITDAR of approximately €5.3bn average per annum (compared to €5.6bn average per annum previously)
Capex: average of €1.7bn per annum (compared to targeting less than €2.5bn per annum previously)
Equity free-cash flow of €1.5bn to €2.5bn per annum (no change)
ASK growth of approximately 3% per annum (compared to 3% to 4% per annum previously)
Gearing to be in the investment grade zone (no change)

The presentations from the Capital Markets Day can be accessed via www.iairgroup.com and a webcast of the event will be available today from 0830 GMT/0930 CET.
Enrique Dupuy de Lôme
Chief Financial Officer