Strong Revenue and Profit Growth
Revenue grew by 8% to just under EUR 16 billion, with an operating profit increase of 43.5% year-on-year to EUR 1.9 billion. Q2 delivered EUR 1.68 billion in operating profit, an increase of 35.4%.
Improved Operating Margins
Operating margin increased by 2.9 percentage points to 11.8%, supported by a transformation program and improved customer offerings.
Significant Shareholder Returns
EUR 1.5 billion in cash has been returned to shareholders through dividends and share buybacks, with adjusted EPS growing by 70%.
Strong Performance Across Businesses
Aer Lingus, British Airways, and Iberia all reported increases in operating profit, with notable gains in operating margins.
Cargo and Loyalty Business Growth
IAG Cargo prioritized premium products, and IAG Loyalty reported a 9% improvement in operating profit, excluding changes in VAT accounting.
Positive Cash Flow and Debt Reduction
Generated EUR 2.1 billion in free cash flow, with net debt decreasing to EUR 5.5 billion from EUR 7.5 billion at year-end.
Sustainability Initiatives
Secured over 200,000 tonnes of sustainable aviation fuel for 2025, 25% more than last year, and signed a Scope 3 agreement with Microsoft.