)
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.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.
Next International Consolidated Airlines Group earnings date
Next International Consolidated Airlines Group earnings date
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.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
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.
Explore our global coverage
)
)