International Consolidated Airlines Group, S.A. (IAG) has disclosed the repurchase of 5,874,533 ordinary shares between 2 and 6 November 2026, executed across the London Stock Exchange and Madrid's Bolsa, as part of its €500 million share buyback programme announced on 2 October 2026. The purchases were made on IAG's behalf by Morgan Stanley Europe SE, acting as riskless principal. Shares acquired under the programme are being held in treasury pending cancellation, which was approved at the company's Annual General Meeting. Investors tracking IAG's capital return strategy will note the buyback's continued progress through the five-day reporting window.

Key Points

  • International Consolidated Airlines Group, S.A. (IAG, ticker: -IAG)
  • IAG purchased 5,874,533 ordinary shares of €0.10 each across five trading days from 2 to 6 November 2026
  • Purchases were made on the London Stock Exchange (LON) at prices ranging from £4.09 to £4.38, and on the Madrid exchange (MAD) at prices ranging from €4.89 to €5.24
  • Investors should watch the pace of remaining buyback capacity within the €500 million programme announced on 2 October 2026

IAG Executes Dual-Market Repurchases Across London and Madrid in Five-Day Window

During the week ending 6 November 2026, IAG conducted share purchases across two trading venues simultaneously. On the London Stock Exchange, the company bought a total of 3,486,770 shares over five sessions, with daily volumes ranging from 317,648 to 796,265 shares and prices spanning £4.09 at the lowest to £4.38 at the highest. On the Madrid exchange, a further 2,387,763 shares were acquired, with prices moving between €4.89 and €5.24 across the same period. The announcement states that Morgan Stanley Europe SE executed all trades on the company's behalf as riskless principal, in compliance with market abuse regulation requirements.

Treasury Share Position and IAG's Issued Share Capital Following November Purchases

Following the week's transactions, IAG holds 278,643,101 shares in treasury, pending their cancellation as approved at the Annual General Meeting. The company's issued share capital excluding treasury shares stands at 4,333,026,426 shares. The total issued share capital, including treasury shares, is 4,611,669,527 shares. The disclosure states that this total figure serves as the regulatory denominator for shareholders calculating whether they are required to notify a change in their interest to Spain's CNMV, the Spanish National Securities Market Commission, in accordance with applicable transparency obligations.

€500 Million Buyback Programme Context and Shareholder Returns Strategy

The repurchases form part of IAG's broader €500 million share buyback programme, which the company launched on 2 October 2026. IAG, the parent group of airlines including British Airways, Iberia, Vueling, and Aer Lingus, operates across short-haul and long-haul routes primarily in Europe and across the Atlantic. Share buyback programmes of this scale are typically used by large airline groups to return surplus capital to shareholders and reduce the total share count over time. The company did not disclose remaining programme capacity or a target completion date in this announcement.