IAG Buys Back 13.8 Million Shares Under €500 Million Programme

International Consolidated Airlines ( (GB:IAG) ) just unveiled an update.

International Consolidated Airlines Group has continued executing its previously announced €500 million share buyback, purchasing 13,764,569 ordinary shares between 20 and 24 April 2026 across the London and Madrid exchanges at prices reflecting normal market trading ranges. The newly acquired shares will be held in treasury pending shareholder approval for their potential cancellation at the upcoming annual general meeting, a move that could further reduce free-float and enhance earnings per share, while also altering ownership thresholds relevant for regulatory disclosure to the Spanish securities regulator.

Following these latest transactions, IAG now holds 131,958,155 shares in treasury, leaving 4,479,711,372 shares in issue excluding treasury stock out of a total issued share capital of 4,611,669,527. The updated capital structure provides investors with a new denominator for calculating disclosure obligations and signals the company’s continued commitment to capital returns via buybacks, which may be interpreted as management confidence in the group’s financial position and long-term prospects.

The most recent analyst rating on (GB:IAG) stock is a Buy with a £500.00 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 Neutral.

The score is driven primarily by solid financial performance (strong margins and cash generation, though leverage and softer 2025 revenue/FCF conversion add risk) and an attractive valuation. These positives are tempered by weak technicals (below key moving averages with negative MACD) and earnings-call headwinds (FX/fuel volatility, engine constraints, and litigation/cost pressures) despite confident guidance and active shareholder returns.

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 primary business is providing passenger and cargo air transport services through its portfolio of carriers. The group is listed in London and Madrid, giving it access to both UK and Spanish capital markets and a broad base of international investors.

Average Trading Volume: 23,501,201

Technical Sentiment Signal: Buy

Current Market Cap: £16.91B

Learn more about IAG stock on TipRanks’ Stock Analysis page.