International Consolidated Airlines Group S.A. (LON:IAG)

LON:IAG Financials Overview

Financials in millions EUR. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	33,371	33,213	32,100	29,453	23,066	8,455
Revenue Growth	0.27%	3.47%	8.99%	27.69%	172.81%	8.31%
Gross Profit Gross Profit Growth	12,772	12,789	11,819	7,910	5,363	164
Operating Income Operating Income Growth	5,018	5,099	4,531	3,634	1,392	-2,944
Net Income Net Income Growth	3,074	3,342	2,732	2,655	431	-2,933
Earnings Per Share EPS Growth	0.65	0.70	0.55	0.51	0.06	-0.59
EPS Growth	0.16%	25.41%	9.60%	726.98%	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Inter-Segment Inter-Segment Growth	-1,787	-1,872	-1,832	-1,657	-1,357	-805
Aer Lingus Aer Lingus Growth	2,500	2,529	2,376	2,274	1,769	376
Iberia Iberia Growth	8,099	8,085	7,542	6,958	5,511	2,784
IAG Loyalty IAG Loyalty Growth	3,040	3,041	2,862	2,356	1,001	438
Vueling Vueling Growth	3,285	3,264	3,261	3,198	2,598	1,016
Other Group Companies Other Group Companies Growth	895	980	904	736	623	328
British Airways British Airways Growth	17,339	17,186	16,987	15,588	12,921	4,318
Total Total Growth	33,371	33,213	32,100	29,453	23,066	8,455

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	9,175	8,290	9,799	6,806	9,566	7,908
Total Debt Total Debt Growth	13,867	14,267	17,345	16,082	19,984	19,610
Net Cash (Debt) Net Cash Growth	-4,692	-5,977	-7,546	-9,276	-10,418	-11,702
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-0.96	-1.19	-1.43	-1.76	-1.95	-2.36

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	6,997	6,588	6,372	4,602	4,854	-141
Capital Expenditures CapEx Growth	-3,043	-3,442	-2,816	-3,282	-3,875	-744
Free Cash Flow Free Cash Flow Growth	3,954	3,146	3,556	1,320	979	-885
Free Cash Flow Growth	59.24%	-11.53%	169.39%	34.83%	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	38.27%	38.51%	36.82%	26.86%	23.25%	1.94%
Operating Margin	15.04%	15.35%	14.12%	12.34%	6.04%	-34.82%
Pretax Margin	12.51%	13.56%	11.10%	10.38%	1.80%	-41.48%
Profit Margin	9.21%	10.06%	8.51%	9.01%	1.87%	-34.69%
FCF Margin	11.85%	9.47%	11.08%	4.48%	4.24%	-10.47%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024
Dividend Per Share Dividend Per Share Growth	0.069	0.098	0.090
Dividend Per Share Growth	66.37%	8.89%	-
Dividend Yield	1.63%	2.08%	2.54%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	7.51	6.49	6.49	3.31	16.05	-
Forward PE	6.86	6.53	6.39	4.66	11.49	28.99
P/FCF Ratio	5.42	6.89	4.98	6.65	7.07	-
PS Ratio	0.64	0.65	0.55	0.30	0.30	1.00

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 1, 2026

Data Sources Report a data error