The earnings call reflected a generally positive sentiment with strong revenue performance, high operating margins, and a robust balance sheet. However, challenges were noted, particularly in British Airways' operating profit decline and cargo revenue decrease, alongside currency headwinds.

Company Guidance

During the International Airlines Group's (IAG) third quarter 2025 results call, the company reported strong financial performance with a market-leading margin of 22% for the quarter and over 15% on a last 12 months basis. Passenger revenue increased by EUR 177 million, or 2%, while cargo revenue saw a slight decline. IAG's transformation initiatives have contributed to effective cost control, with nonfuel unit costs increasing by 3% and fuel unit costs decreasing by almost 11% due to lower commodity prices and fuel consumption savings. Iberia, Aer Lingus, and IAG Loyalty reported strong profit growth, with margins over 20%, while British Airways and Vueling experienced slight profit declines. The group maintained a strong balance sheet, reducing gross leverage to 1.9x and net leverage to 0.8x. IAG plans to announce further returns of excess cash to shareholders at the full-year results in February. Additionally, the company confirmed that its outlook for the year remains unchanged, with expectations of continued revenue and earnings growth.

Strong Revenue Performance

Passenger revenue increased by EUR 177 million or 2%. The South Atlantic region performed exceptionally well with unit revenue increasing by 0.6% on a capacity increase of 2.9%.

High Operating Margins

The company reported market-leading margins at 22% for the quarter and over 15% on a last 12 months basis. Every airline in the group reported a margin over 20% this quarter.

Positive Outlook and Shareholder Returns

The company announced an interim dividend of EUR 220 million and plans further returns of excess cash to shareholders at full year results in February.

Improved Balance Sheet

Gross leverage reduced to 1.9x, down from 2.6x last year, and net leverage decreased to 0.8x due to the year-on-year profit improvement.

Successful Transformation Initiatives

Transformation initiatives led to effective cost control, with nonfuel unit costs broadly flat in Q3 and fuel unit costs reduced by almost 11%.

Partnership with American Express

IAG Loyalty signed a multi-year partnership extension with American Express, expected to support loyalty business growth in the coming years.

International Consolidated Airlines (GB:IAG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:IAG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 27, 2026	2025 (Q4)	0.13 / -	0.108	―	―	―
Nov 07, 2025	2025 (Q3)	0.26 / 0.26	0.266	-3.38% (>-0.01)	―	―
Aug 01, 2025	2025 (Q2)	0.19 / 0.21	0.116	81.90% (+0.09)	―	―
May 09, 2025	2025 (Q1)	<0.01 / 0.02	-0.016	218.75% (+0.04)	―	―
Feb 28, 2025	2024 (Q4)	0.09 / 0.11	0.082	31.71% (+0.03)	―	―
Nov 08, 2024	2024 (Q3)	0.21 / 0.27	0.199	33.67% (+0.07)	―	―
Aug 02, 2024	2024 (Q2)	0.13 / 0.12	0.168	-30.95% (-0.05)	―	―
May 10, 2024	2024 (Q1)	-0.01 / -0.02	-0.016	0.00% (0.00)	―	―
Feb 29, 2024	2023 (Q4)	0.08 / 0.08	-0.009	1011.11% (+0.09)	―	―
Oct 27, 2023	2023 (Q3)	0.06 / 0.20	0.03	563.33% (+0.17)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:IAG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2025	414.10p	366.20p	-11.57%
Aug 01, 2025	380.50p	374.10p	-1.68%
May 09, 2025	285.82p	292.61p	+2.38%
Feb 28, 2025	333.47p	346.86p	+4.02%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does International Consolidated Airlines (GB:IAG) report earnings?

International Consolidated Airlines (GB:IAG) is schdueled to report earning on Feb 27, 2026, TBA (Confirmed).

What is International Consolidated Airlines (GB:IAG) earnings time?

International Consolidated Airlines (GB:IAG) earnings time is at Feb 27, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of International Consolidated Airlines stock?

The P/E ratio of International Consolidated Airlines is N/A.

What is GB:IAG EPS forecast?

GB:IAG EPS forecast for the fiscal quarter 2025 (Q4) is 0.13.

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