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International Consolidated Airlines Group, S.A. (ICAGY)
OTHER OTC:ICAGY
Earnings Data
Report Date
May 08, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a strongly positive financial and operational story: record operating profit, elevated margins (15.1%), high ROIC (18.5%), substantial free cash flow, strong liquidity and expanded shareholder returns. Operational improvements (OTP, NPS) and loyalty growth underpin durable earnings. Offsetting risks include fuel price volatility, FX headwinds to revenue in 2026, specific engine/technical disruption affecting capacity, rising ownership and employee costs, and a multi-year CapEx ramp that increases execution risk. On balance, the positive achievements and robust balance-sheet position outweigh the challenges, while management acknowledges and outlines mitigation for headwinds.Company Guidance
Record Financial Results
Operating profit EUR 5.024 billion (up EUR 581 million YoY); operating margin 15.1% (up 1.3 percentage points YoY); adjusted profit after tax EUR 3.3 billion (up 17% YoY).
Strong EPS and Shareholder Returns
Adjusted EPS increased 22.4% YoY; share buyback reduced weighted average shares by 4.3%; announced EUR 1.5 billion of excess cash returns (up from EUR 1.0 billion prior year) and total dividend for 2025 of EUR 448 million.
High Return on Invested Capital and Cash Generation
ROIC of 18.5%; free cash flow of EUR 3.1 billion after investing EUR 3.4 billion; liquidity over EUR 10 billion and net debt leverage 0.8x (gross leverage 1.9x).
Outstanding Airline & Loyalty Performances
Iberia operating margin 16.2% with EUR 1.3 billion operating profit toward a EUR 1.4 billion target; British Airways reached 15% margin target; Vueling operating profit EUR 393 million and 12% margin; Aer Lingus margin 11%; IAG Loyalty profit GBP 469 million and ~18% margin (would be >GBP 500m excluding VAT dispute).
Operational and Customer Improvements
British Airways on-time performance (OTP) >80% in 2025 (best since 2014; +20 points vs 2023); improvements in customer Net Promoter Scores and CSAT noted across the group.
Revenue and Regional Trends
Group passenger unit revenue +1% at constant currency (flat reported); North Atlantic unit revenue +1.5% (constant currency) with Q4 improving to +1.8%; Latin America unit revenue +3.3% (constant currency); Asia Pacific unit revenue +4.2% with capacity up 6.4%.
Cost Discipline Despite Investment
Total unit costs improved 0.4%; non-fuel unit costs in line with guidance; supplier CASK rose only 0.8% as transformation initiatives offset inflation; ownership investments (new cabins, lounge upgrades, digital) are driving customer experience improvements.
Sustainability Progress
Sustainable aviation fuel (SAF) usage increased to 3.3% of total fuel (from 1.9% in 2024); reported carbon intensity of 77.5 gCO2 per passenger-km and investment in more efficient aircraft.
International Consolidated Airlines (ICAGY) Earnings, Revenues Date & History
ICAGY Earnings History
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
ICAGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 27, 2026 | $12.36 | $11.39 | -7.82% |
Nov 07, 2025 | $10.76 | $9.55 | -11.22% |
Aug 01, 2025 | $9.98 | $9.84 | -1.47% |
May 09, 2025 | $7.57 | $7.74 | +2.34% |
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 Group, S.A. (ICAGY) report earnings?
International Consolidated Airlines Group, S.A. (ICAGY) is schdueled to report earning on May 08, 2026, TBA (Confirmed).
What is International Consolidated Airlines Group, S.A. (ICAGY) earnings time?
International Consolidated Airlines Group, S.A. (ICAGY) earnings time is at May 08, 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 ICAGY EPS forecast?
ICAGY EPS forecast for the fiscal quarter 2026 (Q1) is 0.05.