IAG Buys Back 13.5 Million Shares Under €500m Programme

International Consolidated Airlines ( (GB:IAG) ) has provided an announcement.

International Consolidated Airlines Group has continued to execute its €500 million share buyback programme, repurchasing 13,487,134 ordinary shares between 9 and 13 March 2026 across the London and Madrid exchanges at prices ranging from £3.46 to £3.79 and €3.98 to €4.39. The repurchased shares will be held in treasury pending shareholder approval for their cancellation, leaving IAG with 188,488,720 treasury shares and 4,538,712,427 shares in issue excluding treasury, a move that fine-tunes its capital structure and may enhance earnings per share while updating the reference figure for regulatory shareholding disclosures to the CNMV.

By tightening its free float through buybacks while keeping investors informed of the new denominator for stake-notification thresholds, IAG reinforces its focus on shareholder returns and regulatory transparency in both the U.K. and Spain. The involvement of Morgan Stanley Europe SE as riskless principal in executing the trades under market abuse regulations underscores adherence to strict market standards and may support orderly trading, potentially improving liquidity and signaling management’s confidence in the group’s long-term value.

The most recent analyst rating on (GB:IAG) stock is a Buy with a £391.00 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.

Spark’s Take on IAG Stock

According to Spark, TipRanks’ AI Analyst, IAG is a Outperform.

The score is driven primarily by solid operating profitability and cash generation, tempered by a still-leveraged balance sheet and some 2025 slowing (revenue decline and weaker free-cash-flow conversion). Valuation is a clear positive with a low P/E and a moderate dividend yield, while technical indicators are mixed and the latest earnings-call commentary was broadly constructive but noted some segment-level demand and profit pressure.

To see Spark’s full report on IAG stock, click here.

More about International Consolidated Airlines

International Consolidated Airlines Group, S.A. is a major European airline holding company whose core business is providing passenger and cargo air transport services through several flagship carriers. Listed in London and Madrid, it operates in the highly competitive global aviation market, where capital structure, share liquidity and investor confidence are key to its strategic positioning.

Average Trading Volume: 18,712,794

Technical Sentiment Signal: Buy

Current Market Cap: £16.1B

See more data about IAG stock on TipRanks’ Stock Analysis page.