Top Page
International Consolidated Airlines
(LSE:IAG)
International Consolidated Airlines (IAG) vs. iShares MSCI United Kingdom ETF (EWC)
International Consolidated Airlines Business Overview & Revenue Model
International Consolidated Airlines Earnings Call Summary
International Consolidated Airlines Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 32.61B | 32.10B | 29.45B | 23.07B | 8.46B |
| Gross Profit | 6.98B | 7.58B | 6.70B | 4.10B | -1.02B |
| EBITDA | 7.51B | 6.83B | 6.21B | 3.50B | -823.00M |
| Net Income | 3.28B | 2.73B | 2.65B | 431.00M | -2.93B |
Balance Sheet | |||||
| Total Assets | 42.90B | 43.80B | 37.68B | 39.30B | 34.41B |
| Cash, Cash Equivalents and Short-Term Investments | 8.33B | 9.80B | 6.81B | 9.57B | 7.91B |
| Total Debt | 19.89B | 17.34B | 16.08B | 19.98B | 19.61B |
| Total Liabilities | 35.30B | 37.63B | 34.40B | 37.28B | 33.56B |
| Stockholders Equity | 7.60B | 6.17B | 3.27B | 2.02B | 840.00M |
Cash Flow | |||||
| Free Cash Flow | 3.09B | 3.56B | 1.32B | 960.00M | -885.00M |
| Operating Cash Flow | 6.47B | 6.37B | 4.86B | 4.83B | -141.00M |
| Investing Cash Flow | -2.72B | -2.50B | -3.42B | -3.46B | -181.00M |
| Financing Cash Flow | -4.33B | -1.18B | -5.21B | -56.00M | 2.23B |
International Consolidated Airlines Technical Analysis
International Consolidated Airlines Peers Comparison
International Consolidated Airlines Corporate Events
International Consolidated Airlines Group, S.A. is a major European airline holding company that operates multiple flag-carrier and low-cost airlines, with a primary focus on passenger air travel across Europe and long-haul international routes. The group competes in the global aviation market, where governance, regulatory compliance and executive share ownership are closely watched by investors and regulators.
The company disclosed that non-executive director Eva Castillo acquired 5,000 ordinary shares of IAG at a price of €4.00 per share in a transaction conducted in Madrid on 19 March 2026. The purchase, notified under the EU Market Abuse Regulation as a transaction by a person discharging managerial responsibilities, may be interpreted by the market as a signal of board-level confidence in the group’s prospects and governance practices.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £4.80 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Consolidated Airlines Group has disclosed a series of share acquisitions by senior executives under its executive share plans, as required by EU Market Abuse Regulation. Ordinary shares were allotted on a net-of-tax basis to multiple members of top management, including the chief financial and sustainability officer and the heads of British Airways, Iberia, Aer Lingus, Vueling and IAG Loyalty, following the vesting of 2023 restricted share awards.
The company also reported that chief executive Luis Gallego received more than 1.5 million ordinary shares through awards granted under restricted share and incentive deferral plans covering 2021 to 2023. The transactions, executed outside a trading venue, underscore IAG’s continued use of equity-based remuneration to align leadership incentives with shareholder interests and long-term performance, with potential signalling effects for investors monitoring insider ownership trends.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £392.00 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Consolidated Airlines Group has granted awards of conditional shares under its 2026 Executive Share Plan to a group of top executives, including Group Chief Executive Director Luis Gallego and the chief executives of British Airways, Iberia, Aer Lingus, Vueling and IAG Loyalty, with vesting scheduled for 2029. In a separate transaction linked to the 2025 annual incentive outcome, Gallego also received an award of deferred shares under the company’s Incentive Award Deferral Plan, underscoring IAG’s continued reliance on long‑term equity‑based remuneration to align senior management with shareholder interests and long‑term performance.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £392.00 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Consolidated Airlines Group has disclosed its current capital structure and voting rights, reporting that it holds 191,108,733 treasury shares with a nominal value of €0.10 each. Excluding these treasury shares, the company’s issued share capital consists of 4,536,092,414 shares, each carrying one vote at general meetings, resulting in total voting rights of the same amount.
The group’s total issued share capital stands at 4,727,201,147 shares, a figure shareholders are advised to use when calculating whether changes in their holdings trigger disclosure obligations to the Spanish securities regulator. The update clarifies IAG’s equity base and voting framework, providing investors and regulators with a precise denominator for monitoring significant shareholdings and compliance with transparency rules.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £389.00 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
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.
International Consolidated Airlines Group has continued to advance its recently launched €500 million share buyback, repurchasing 13,015,497 ordinary shares between 2 and 6 March 2026 on the London and Madrid exchanges at prices ranging from £3.58 to £4.07 and €4.13 to €4.66. The stock bought under the programme will be held in treasury pending shareholder approval for possible cancellation at the upcoming annual meeting, leaving IAG with 175,001,586 treasury shares and 4,552,199,561 shares in issue excluding treasury, a move that tightens the free float and may enhance earnings per share while altering ownership disclosure thresholds for investors.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £4.40 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Consolidated Airlines Group has published its Annual Report and Accounts for the financial year ended 31 December 2025, following the release of its full-year 2025 results in late February. The report is now available on the company’s website and has also been filed in structured electronic format with the UK’s National Storage Mechanism, ensuring regulatory compliance and wider access for investors and other stakeholders.
The move formalises the group’s 2025 financial disclosure cycle and provides detailed information for shareholders ahead of the forthcoming annual governance milestones. By making the documents accessible through both its own site and the Financial Conduct Authority’s storage platform, the airline group underscores its adherence to UK listing and transparency rules, which is important for market confidence and ongoing investor scrutiny.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Consolidated Airlines Group disclosed share transactions by senior executives in accordance with market abuse regulations. The company reported that Carolina Martinoli, chair and chief executive of Vueling, and Marco Sansavini, chair and chief executive of Iberia, sold significant volumes of IAG ordinary shares in London on 27 February 2026 at prices slightly above £4.32, moves that may draw investor attention to insider equity activity and executive portfolio rebalancing.
Martinoli disposed of 293,889 IAG shares at £4.336 per share, while Sansavini sold 350,000 shares at £4.329 per share, with both trades classified as initial notifications by persons discharging managerial responsibilities. These sales, though not accompanied by commentary on motives, highlight ongoing insider trading disclosures that help investors gauge management’s exposure to the group’s equity and may factor into market perceptions of governance and confidence in the airline’s future performance.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Consolidated Airlines Group has disclosed its latest share capital structure, reporting total issued share capital of 4,727,201,147 shares, of which 161,986,089 are held in treasury. Excluding these treasury shares, the company has 4,565,215,058 shares in issue, each carrying one vote, establishing the total voting rights currently exercisable at shareholder meetings.
The update provides investors with an accurate denominator for calculating ownership thresholds that may trigger mandatory disclosure of holdings or changes in holdings to the Spanish securities regulator. This type of transparency around voting rights and treasury share levels is important for governance, as it informs institutional and retail shareholders about potential shifts in influence and reporting obligations within IAG’s shareholder base.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Consolidated Airlines Group has launched a €500 million share buyback programme aimed at reducing its share capital, subject to shareholder approval, with Morgan Stanley Europe SE and Goldman Sachs Bank Europe SE mandated to execute the transactions independently on its behalf. The programme, which can cover up to 310,717,331 shares, or 6.57% of issued capital, will run from 2 March to no later than 29 May 2026 across the London and Spanish stock exchanges under EU and UK buyback safe-harbour rules.
Qatar Airways will participate on a pro rata basis to maintain its 25.1434% voting stake, selling shares off-market to the mandated banks at daily volume-weighted average prices while refraining from selling into the open market. The structure splits up to €374 million of purchases from market participants and €126 million from Qatar Airways, signalling IAG’s focus on capital returns and balance-sheet optimisation while preserving the stability of its largest strategic shareholder’s position.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Consolidated Airlines Group has released its full year 2025 financial results for the 12 months ended 31 December 2025, making the detailed figures available through regulatory and corporate channels. The documents have been filed with the UK’s Financial Conduct Authority storage mechanism and are accessible on the company’s investor relations website for shareholders and market participants.
The group will present the 2025 results to analysts and institutional investors via a live webcast and slide presentation on 27 February 2026, underscoring its focus on transparency and investor engagement. By directing stakeholders to the full disclosures and a dedicated briefing, IAG is facilitating detailed scrutiny of its annual performance, which may shape market perceptions and inform investment decisions.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Consolidated Airlines Group plans to recommend a final dividend of €0.05 per share for the 2025 financial year, bringing the total annual dividend to €0.098 per share, or €448 million based on its issued share capital excluding treasury shares. Subject to shareholder approval, the final dividend will be paid on 29 June 2026 to investors on the register on 26 June, with Spanish withholding tax reducing the net cash amount per share.
Alongside the dividend, IAG will return an additional €1.5 billion of excess cash to shareholders over the next 12 months, beginning with a €500 million share buyback slated for completion by the end of May 2026. The board said the combined payout measures underline its confidence in the group’s strategy, balance sheet strength and long-term prospects, signalling robust cash generation and a shareholder-friendly capital allocation stance.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Consolidated Airlines Group has disclosed its current capital structure and voting rights, stating that it holds 162,073,135 treasury shares with a nominal value of €0.10 each, and that its issued share capital excluding treasury shares stands at 4,565,128,012 shares, each carrying one vote. The group’s total issued share capital amounts to 4,727,201,147 shares, a figure that shareholders are expected to use as the reference denominator when calculating and notifying any holdings or changes in holdings to the Spanish securities regulator, underscoring the company’s compliance with transparency rules and providing investors with clarity on its equity base and governance framework.
The most recent analyst rating on (GB:IAG) stock is a Buy with a £491.00 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Airlines Group announced a planned chief financial officer transition, with current CFO Nicholas Cadbury set to leave the group in June 2026 and José Antonio Barrionuevo, currently Chief Financial and Transformation Officer at British Airways, appointed to succeed him at that time. Barrionuevo, a long-serving IAG executive with prior CFO experience at Iberia and a background at JP Morgan and McKinsey, is positioned as a continuity candidate emerging from IAG’s internal succession planning, while Cadbury, credited with strengthening the group’s balance sheet, profitability and shareholder returns since 2022, will remain for six months to ensure a smooth handover as the company maintains its focus on transformation, customer performance and long-term shareholder value.
The most recent analyst rating on (GB:IAG) stock is a Hold with a £4.25 price target. To see the full list of analyst forecasts on International Consolidated Airlines stock, see the GB:IAG Stock Forecast page.
International Consolidated Airlines Group has disclosed its current capital structure and voting rights, reporting that it holds 162,175,275 shares in treasury, each with a nominal value of €0.10, and that its issued share capital excluding treasury shares comprises 4,565,025,872 shares. Each non‑treasury share carries one vote at general meetings, giving IAG a total of 4,565,025,872 voting rights, while its overall issued share capital stands at 4,727,201,147 shares, a reference figure shareholders can use to determine whether they must notify the Spanish securities regulator of any holdings or changes in their ownership stake.
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.