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Highlights

  • IAG’s Q1FY25 total revenue increased by 9.6% YoY, while operating profit surged by 191.2% YoY.
  • The company also declared a final dividend of EUR 0.06 per share, payable on 30 June 2025.
  • IAG plans FY25 capex for fleet renewal and service upgrades, supporting long-term strategy.

International Consolidated Airlines Group SA (LSE: IAG) is a European aviation conglomerate operating British Airways, Iberia, Aer Lingus, and Vueling, serving 264 million travellers across 185 destinations through hubs in London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin.

In the first quarter of the financial year 2025 (Q1FY25), the company’s total revenue increased by 9.6% YoY to EUR 7,044.00 million, driven by a 6.5% increase in passenger revenue and solid growth in cargo and other revenue. Operating profit surged by 191.2% YoY to EUR 198.00 million, supported by increased passenger revenue and a 4.1% reduction in fuel costs. Profit after tax was recorded at EUR 176.00 million, compared to a loss of EUR 4.00 million in Q1FY24.

Business Updates

IAG confirmed orders and options for 124 widebody aircraft, including fuel-efficient models to support emission reduction, cost efficiency, and its long-haul strategy, with deliveries beginning in 2025.

During the quarter, IAG completed EUR 500 million in share repurchases and launched a second EUR 500 million tranche under its EUR 1 billion buyback programme, while net debt declined by EUR 1.4 billion and both S&P and Fitch upgraded the group to investment grade. The company also declared a final dividend of EUR 0.06 per share, payable on 30 June 2025.

Company Outlook

IAG expects approximately 3% capacity growth for FY25, with Q2 bookings nearly 80% complete and revenue trending above last year, while H2 bookings at 29% remain broadly in line YoY, supporting stable forward visibility and no major schedule revisions.

The company also plans disciplined FY25 capex for fleet renewal and service enhancement, aligned with its long-term strategy and stable free cash flow.

Top 10 Shareholders

The top 10 shareholders collectively hold approximately 41.62% of the total shareholding, with Qatar Airways (Q.C.S.C.) and Capital Research Global Investors owning the largest stakes at around 26.61% and 5.32%, respectively.

Stock Information

The stock price of IAG has surged by ~2.71% in the past month and by ~14.07% over the past six months.The stock has a 52-week low and 52-week high of GBX 368.4 and GBX 158.95, respectively with closing price GBX 344.4 as of 02 July 2025.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 02 July 2025. The reference data in this report has been partly sourced from EODHD/Others.

 Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock