Airline group IAG, the parent company of Iberia, Vueling and British Airways, among others, continues to remain silent on whether it will resume distributing profits to its shareholders after being paralyzed since 2020 due to the impact of the pandemic on its accounts, despite a notable financial result recorded last year.
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The airline group’s CEO Luis Gallego, who was re-elected as chief executive by its shareholders, once again left the possibility of a dividend refund in question after saying a few weeks ago that he hoped to restore the dividend distribution. dividends “soon”. positive dynamics are recorded by the company’s indicators
which earned 3.507 million euros and managed to reduce its debt by another 3.900 million.
He also hinted at this return to shareholder rewards at his Capital Markets Day last November, but also avoided giving specific dates.
“2023 has been a very positive year and this strengthens our conviction that our strategy is working well,” he exclaimed during the general meeting of shareholders held this Wednesday in Madrid.
The session also approved the re-election of Javier Ferran as an independent non-executive director, as well as the remaining directors, which is normal procedure given the expiration of their terms of office. The only one who will not remain in his post is owner Giles Aguter, who did not stand for re-election and will be replaced by Bruno Mateu at the suggestion of Qatar Airways Group, IAG’s majority shareholder.
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