Strong Revenue Performance
IAG delivered a passenger revenue increase of EUR 177 million or 2% up, with strong demand for travel and a positive revenue performance in Q4.
Market-Leading Margins
The company reported market-leading margins at 22% for the quarter and over 15% on a last 12 months basis, with each airline reporting margins over 20%.
Strong Operational Performance
The quarter was one of the best summers operationally, supporting positive NPS performance and improved on-time performance across all airlines.
Balance Sheet Strength
Gross leverage reduced to 1.9x from 2.6x last year, and net leverage decreased to 0.8x, with plans for further capital returns to shareholders.
Positive Outlook for Q4
IAG is booked positively for Q4, including for the North Atlantic, with expectations of strong demand and revenue performance.