Logotype for International Consolidated Airlines Group S.A.

International Consolidated Airlines Group (IAG) investor relations material

International Consolidated Airlines Group Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for International Consolidated Airlines Group S.A.
Q3 2025 earnings summary7 Nov, 2025

Executive summary

  • Achieved another strong quarter with Q3 operating profit up 2% to €2,053 million and a 22% margin, supported by robust demand and effective cost control.

  • All airlines in the group reported operating margins above 20% for the quarter, with Iberia leading at 25.3%.

  • Balance sheet strength enabled increased dividends, nearly €1 billion in share buybacks, and further shareholder returns are planned.

  • Strategy execution remains focused on long-term value creation and high returns.

  • Interim dividend of €0.048 per share declared, representing 50% of anticipated annual total.

Financial highlights

  • Total revenue for the nine months increased 4.9% year-over-year to €25,234 million; Q3 revenue was €9,328 million.

  • Operating profit for the nine months rose 18.3% to €3,931 million; Q3 operating profit up €40 million to €2,053 million.

  • Adjusted earnings per share for the nine months increased 27% to 55.5 euro cents, aided by share buybacks.

  • Net profit for the nine months was €2,703 million, up 15.5% year-over-year.

  • Net leverage reduced to 0.8x, gross leverage at 1.9x, and net debt at €6,009 million.

Outlook and guidance

  • Full-year 2025 outlook unchanged, with positive Q4 bookings and revenue trends.

  • Capacity expected to grow by approximately 2.5% in 2025.

  • Non-fuel unit costs projected to rise around 3% for the year; fuel costs expected at €7.1 billion.

  • CapEx for the year expected at €3.7 billion.

  • Confident in sustaining top-end margin guidance into next year, supported by strong demand and transformation benefits.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next International Consolidated Airlines Group earnings date

Logotype for International Consolidated Airlines Group S.A.
Q4 202527 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next International Consolidated Airlines Group earnings date

Logotype for International Consolidated Airlines Group S.A.
Q4 202527 Feb, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

International Consolidated Airlines Group S.A. is a multinational airline holding company that owns and operates several airline brands, including British Airways, Iberia, and Vueling. It provides passenger and cargo air transport services globally. The company is headquartered in Madrid, Spain, and its shares are listed on the BME.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage