International Consolidated Airlines Group (LSE:IAG) Interest Expense : £-445 Mil (TTM As of Mar. 2024)

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What is International Consolidated Airlines Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. International Consolidated Airlines Group's interest expense for the three months ended in Mar. 2024 was £ -195 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was £-445 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. International Consolidated Airlines Group's Operating Income for the three months ended in Mar. 2024 was £ 62 Mil. International Consolidated Airlines Group's Interest Expense for the three months ended in Mar. 2024 was £ -195 Mil. International Consolidated Airlines Group's Interest Coverage for the quarter that ended in Mar. 2024 was 0.32. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

International Consolidated Airlines Group Interest Expense Historical Data

The historical data trend for International Consolidated Airlines Group's Interest Expense 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.

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International Consolidated Airlines Group Interest Expense Chart

International Consolidated Airlines Group Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-514.60

-576.56

-652.58

-851.44

-943.35

International Consolidated Airlines Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-222.64	-241.73	-249.70	-	-195.04

International Consolidated Airlines Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was £-445 Mil.

International Consolidated Airlines Group (LSE:IAG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

International Consolidated Airlines Group's Interest Expense for the three months ended in Mar. 2024 was £-195 Mil. Its Operating Income for the three months ended in Mar. 2024 was £62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was £0 Mil.

International Consolidated Airlines Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	62.447	/	-195.039
	=	0.32

The higher the ratio, the stronger the company's financial strength is.

International Consolidated Airlines Group (LSE:IAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » International Consolidated Airlines Group SA (LSE:IAG) » Definitions » Interest Expense

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Traded in Other Exchanges

ICAGY:USA BABWF:USA 1IAG:Italy IAGl:UK 0A2L: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.