Airline group owning British Airways, Iberia, Aer Lingus and Vueling, with passenger travel, cargo and loyalty businesses.
Profile & Fundamentals
International Airlines Group: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
International Airlines Group Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
International Consolidated Airlines Group S.A., together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the North Atlantic, Latin America, the Caribbean, Europe, Africa, the Middle East, South Asia, the Asia Pacific, and internationally. It operates through British Airways, Iberia, Vueling, Aer Lingus, and IAG Loyalty segments. The company manufactures, repairs, maintains, overhauls, retrofits, repurposes, upgrades aircraft, and aircraft parts and equipment. In addition, it provides airline operations, insurance, aircraft leasing, aircraft maintenance, tour operation, air freight operations, call center, ground handling, trustee, retail, IT, finance, flight procurement, storage, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty reward currency. The company was incorporated in 2009 and is headquartered in Harmondsworth, the United Kingdom.
Company profile record
International Consolidated Airlines Group S.A
Common Stock · Industrials · Passenger Airlines
Company
- Company / asset
- International Consolidated Airlines Group S.A
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Passenger Airlines
- HQ
- 🇬🇧 United Kingdom
- Head office
- Waterside (HAA2), Harmondsworth, United Kingdom, UB7 0GB
Leadership & scale
- Chief executive
- Mr. Luis Gallego Martin
- CEO year born
- 1968
- Full-time employees
- 76.6K
- Fiscal year end
- December
- IPO date
- 1987-02-11
Fundamentals snapshot
- Market Cap
- GBP 19.4B
- P/E
- 4.9x
- Revenue (Q2 26)
- EUR 8.9B
- Profit (Q2 26)
- EUR 732.0M
- Dividend Yield
- 1.9%
- Revenue (FY 25)
- EUR 32.6B
- Shares in public float
- 3.1B
- Insider ownership
- 28.65%
Reporting & identifiers
- Symbol
- IAG.LSE
- Listing
- 🇬🇧 United Kingdom | Dividend Tax: 0%
- Ticker Currency
- GBX
- Income Statement Currency
- EUR
- Balance Sheet Currency
- EUR
- Cash Flow Currency
- EUR
- EPS Currency
- EUR
- Contract Type
- SPOT
- ISIN
- ES0177542018
- Asset ID
- equity_bbf614db-844f-5f5f-928b-ae12f0094014
Ownership
Shares Outstanding
Latest: 4.4B | Max: 5.3B | Min: 2.1B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
69.26%
3.1B latest reported shares
Insider Ownership
28.65%
Latest reported insider stake
Short Float
521.07%
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 2,179,353,000 |
| 2018-01-01 | 2,113,081,000 |
| 2019-01-01 | 2,065,776,000 |
| 2020-01-01 | 3,528,052,000 |
| 2021-01-01 | 4,963,945,000 |
| 2022-01-01 | 4,954,423,300 |
| 2023-01-01 | 5,276,575,000 |
| 2024-01-01 | 5,080,332,900 |
| 2025-01-01 | 4,983,460,000 |
| 2026-01-01 | 4,420,691,800 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The financial results tell a story of strong operational recovery that is now meeting cost resistance. In 2025, operating profit reached an impressive 4.80 billion euros on 32.6 billion euros in revenue, driven by robust transatlantic bookings and firm ticket pricing. However, first-half 2026 results showed signs of margin defense as operating profit moderated under a twelve percent rise in unit fuel costs. The headline earnings numbers conceal an important distinction. While elevated jet fuel prices create near-term pressure, core commercial demand remains healthy, with passenger unit revenues expanding steadily. The business is generating genuine operating cash flow rather than relying on accounting adjustments, proving that structural earnings power is significantly stronger than before the pandemic.
The financial results tell a story of strong operational recovery that is now meeting cost resistance. In 2025, operating profit reached an impressive 4.80 billion euros on 32.6 billion euros in revenue, driven by robust transatlantic bookings and firm ticket pricing. However, first-half 2026 results showed signs of margin defense as operating profit moderated under a twelve percent rise in unit fuel costs. The headline earnings numbers conceal an important distinction. While elevated jet fuel prices create near-term pressure, core commercial demand remains healthy, with passenger unit revenues expanding steadily. The business is generating genuine operating cash flow rather than relying on accounting adjustments, proving that structural earnings power is significantly stronger than before the pandemic.
Revenue, Net Income, and Free Cash Flow
Latest: EUR 32.6B | Max: EUR 32.6B | Min: EUR -6.9B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 5x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Operating margins surged to nearly fifteen percent in 2025, driven by strong premium passenger demand across lucrative North Atlantic and South American routes. Although higher jet fuel costs compressed margins during the first half of 2026, the company continues to generate double-digit underlying operating profitability that outpaces most European competitors. This margin durability highlights genuine pricing power. Because the airline controls irreplaceable takeoff and landing slots at London Heathrow and Madrid, it can introduce dynamic ticket surcharges that recover most fuel inflation. Combined with highly profitable loyalty program earnings, these airport slot advantages establish a protective floor beneath consolidated company profit margins.
Operating margins surged to nearly fifteen percent in 2025, driven by strong premium passenger demand across lucrative North Atlantic and South American routes. Although higher jet fuel costs compressed margins during the first half of 2026, the company continues to generate double-digit underlying operating profitability that outpaces most European competitors. This margin durability highlights genuine pricing power. Because the airline controls irreplaceable takeoff and landing slots at London Heathrow and Madrid, it can introduce dynamic ticket surcharges that recover most fuel inflation. Combined with highly profitable loyalty program earnings, these airport slot advantages establish a protective floor beneath consolidated company profit margins.
Profitability Margins
Latest: 21.4% | Max: 24.6% | Min: -95.5%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
21.4%
Gross profit / revenue
Operating Margin
14.7%
Operating income / revenue
Net Margin
10.1%
Net income / revenue
FCF Margin
9.5%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 23,921,020,000 | 2,046,860,000 | -416,580,000 |
| 2017-12-31 | 27,227,200,000 | 2,366,910,000 | 2,407,370,000 |
| 2018-12-31 | 27,654,120,000 | 3,288,900,000 | 494,760,000 |
| 2019-12-31 | 28,566,720,000 | 1,920,800,000 | 601,440,000 |
| 2020-12-31 | 9,523,320,000 | -8,460,700,000 | -6,386,700,000 |
| 2021-12-31 | 9,638,700,000 | -3,343,620,000 | -1,008,900,000 |
| 2022-12-31 | 24,680,620,000 | 461,170,000 | 1,027,200,000 |
| 2023-12-31 | 32,398,300,000 | 2,920,500,000 | 1,452,000,000 |
| 2024-12-31 | 33,384,000,000 | 2,841,280,000 | 3,698,240,000 |
| 2025-12-31 | 38,157,590,250 | 3,839,541,030 | 3,614,361,235.29 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 5.03 | Trailing four quarters |
| 2024-12-31 | 6.46 | Trailing four quarters |
| 2023-12-31 | 3.63 | Trailing four quarters |
| 2022-12-31 | 16.1 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 22.83 | 11.01 | 8.56 | -1.74 |
| 2017-12-31 | 23.91 | 11.63 | 8.69 | 8.84 |
| 2018-12-31 | 24.58 | -15.16 | 11.89 | 1.79 |
| 2019-12-31 | 23.45 | 10.24 | 6.72 | 2.11 |
| 2020-12-31 | -70.89 | -95.45 | -88.84 | -67.06 |
| 2021-12-31 | -12.12 | -32.7 | -34.69 | -10.47 |
| 2022-12-31 | 17.76 | 5.54 | 1.87 | 4.16 |
| 2023-12-31 | 22.74 | 11.91 | 9.01 | 4.48 |
| 2024-12-31 | 23.61 | 13.34 | 8.51 | 11.08 |
| 2025-12-31 | 21.39 | 14.73 | 10.06 | 9.47 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-22.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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