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IAG.L — London Stock Exchange Passenger Airlines

International Consolidated Airlines Group SA

$433,50
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Mcap
1,91T GBp
P/E
572,9x
EV / Rev
57,9x
Div yield
1,95 %
Op margin
15,1 %
ROE
44,0 %
Net margin
10,1 %
Debt / equity
1,88
Beta
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52w range
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Volume
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Day range
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About

International Consolidated Airlines Group SA operates as a passenger airline within the Industrials sector, generating revenue through air transport services.

Business. International Consolidated Airlines Group SA (IAG.L) is a passenger airline company operating within the Industrials sector. The firm is headquartered in the United Kingdom and is primarily listed on the London Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

Classification85 %
SectorIndustrials
Industry groupPassenger Airlines
Generated · model-assisted
Sell-side consensus
BUY14 analysts
13 buy0 hold1 sell
Avg 12m price target548,46

Analyst recommendations

14 analysts · consensus Buy
Buy13
Hold0
Sell1
12-month price target
548,46
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation→
572,9x
P/E
Analysts→
Buy
14 analysts · indicative
Ownership
—
not yet wired
Profitability→
44,0 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning IAG.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to IAG.L. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    International Consolidated Airlines Group SA (IAG.L) is a passenger airline company operating within the Industrials sector. The firm is headquartered in the United Kingdom and is primarily listed on the London Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

    Classification85 %
    SectorIndustrials
    Industry groupPassenger Airlines
    AI synthesis
    GENERATED
    — missing data
    Key takeaways
    • High leverage with a debt-to-equity ratio of 1.88 and negative net cash position.
    • Strong profitability with 44.04% ROE and €3.34 billion net income.
    • Medium liquidity risk indicated by a current ratio of 0.7.
    • Positive analyst sentiment with a mean recommendation of 1.79 and upside price targets.
    • Low dilution risk, suggesting stable share count.
    • Absence of historical data limits growth trend analysis.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 3

    Revenue grew at a 40.8% compound annual rate from 2022 to 2026, reflecting strong top-line expansion.

    Net income surged 22.3% year-over-year to EUR 3.3 billion in 2026, highlighting robust profitability growth.

    Long-term debt decreased to EUR 14.3 billion in 2026, showing a clear trend of deleveraging the balance sheet.

    BEAR CASE · 3

    Debt-to-equity ratio of 1.88 places the company in the bottom quartile, signaling high financial leverage risk.

    Medium liquidity risk flags indicate potential challenges in meeting short-term financial obligations under stress scenarios.

    Revenue growth slowed to 3.5% year-over-year in 2026, marking a significant deceleration from prior periods.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-05-08
    Q1 2026 · Quarter highlights

    Revenue €7.18B, +1,9% YoY; Operating income +77,3% YoY.

    Revenue€7.18B+1,9 % YoY
    Operating income€351.0M+77,3 % YoY
    Net income€301.0M+71,0 % YoY
    Free cash flow—
    EPS—
    Operating cash flow—
    Financials
    Income statement
    Revenue€7.18B
    Gross profit€3.23B
    Operating income€351.0M
    Net income€301.0M
    Margins
    Gross margin45.0%
    Operating margin4.9%
    Net margin4.2%
    FCF margin—
    P&L flow · revenue → net income
    Revenue €7.18BOperating costs €6.83BTax €50.0MNet income €301.0M
    Highlights
    • ▍Revenue €7.18B, +1,9% YoY
    • ▍Operating income +77,3% YoY
    • ▍Net income +71,0% YoY
    • ▍Net margin 4.2%

    Valuation FY

    Market price
    $433,50
    Market cap
    $1.91T
    Enterprise valueⓘ
    $1.92T
    P/Eⓘ
    572.9x
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    57.9x
    EV / Op incomeⓘ
    383.1x
    EV / OCFⓘ
    292.1x
    P / Bⓘ
    252.3x
    P / Tangible bookⓘ
    252.3x
    Tangible book
    $7.59B
    Net cashⓘ
    -$9.86B
    Current ratioⓘ
    0.7
    Debt / equityⓘ
    1.9
    ROAⓘ
    7.8%
    ROEⓘ
    44.0%
    Cash conversionⓘ
    197.0%
    CapEx / revenueⓘ
    -10.4%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution14 analysts
    Strong buy5
    Buy8
    Hold0
    Sell1
    Strong sell0
    12-month price target$548,46 · Median $570,00
    Low $385,00High $645,00
    Operating income · consensus4,4B EUR
    EPS surprise
    +4,5 %
    reported vs consensus · beat
    Revenue surprise
    −4,1 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$385,00
    Mean$548,46
    Median$570,00
    High$645,00
    Spot$433,50
    +26.5 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    No cohort benchmark data available for this issuer yet.

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Price To Tangible Book
      market_price / (tangible_book_value / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Return On Equity
      net_income / total_equity
    • Enterprise Value
      market_cap - net_cash
    • Ev To Revenue
      enterprise_value / revenue
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    Source documents
    • International Consolidated Airlines Group SA Market data — financials · 2026-07-25
    • International Consolidated Airlines Group SA Market data — analyst estimates · 2026-07-25
    • International Consolidated Airlines Group SA Market data — ESG · 2026-07-25
    • International Consolidated Airlines Group SA — company reference export (2026-07-05) · 2026-07-25

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data
    Index membership
    FTSE 100

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    ICAG.LCanonical
    London Stock Exchange · GBp

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-07-31 06:11 UTCNEWSIAG misses Q2 profit estimates as Iran conflict drives fuel costs higher → The British Airways parent warns of flat capacity growth for the year, signaling that geopolitical risk is now a structural drag on airline margins.
    2026-07-28 11:33 UTCNEWSCrude oil overtakes soy and corn as Argentina’s top export in first half of 2026 → Energy shipments generated nearly USD 4.7 billion in the first six months, surpassing traditional agricultural staples for the first time amid regulatory reforms.
    2026-07-17 04:32 UTCNEWSAer Lingus delays 500-job cuts until after summer peak → The Irish carrier will defer its restructuring plan to protect summer operations, leaving staff in limbo as it pursues a 6% capacity reduction.
    2026-05-08 07:26 UTCNEWSIAG Warns Rising Fuel Costs from Middle East Conflict to Hit Airline Profits → The airline parent company's warning adds to growing concerns over jet fuel shortages and soaring costs linked to the war.
    2026-05-08 07:00 UTCEARNINGSQuarterly results — Q1 2026 Revenue EUR 7.18B · Net EUR 301.0M
    2026-02-27 17:44 UTCEARNINGSQuarterly results — Q4 2025
    2026-02-27 17:44 UTCEARNINGSAnnual results — FY 2026 Revenue EUR 33.21B · Net EUR 3.34B
    2025-11-07 07:00 UTCEARNINGSQuarterly results — Q3 2025 Revenue EUR 9.33B
    2025-08-01 07:00 UTCEARNINGSQuarterly results — Q2 2025
    2025-05-09 07:01 UTCEARNINGSQuarterly results — Q1 2025 Revenue EUR 7.04B · Net EUR 176.0M
    2025-02-28 07:00 UTCEARNINGSQuarterly results — Q4 2024
    2025-02-28 07:00 UTCEARNINGSAnnual results — FY 2025 Revenue EUR 32.10B · Net EUR 2.73B
    2024-11-08 07:20 UTCEARNINGSQuarterly results — Q3 2024 Revenue EUR 9.33B
    2024-08-01 18:53 UTCEARNINGSQuarterly results — Q2 2024
    2024-02-12 05:50 UTCEARNINGSAnnual results — FY 2024 Revenue EUR 29.45B · Net EUR 2.65B
    2023-02-24 07:00 UTCEARNINGSAnnual results — FY 2023 Revenue EUR 23.07B · Net EUR 431.0M
    2022-02-25 07:00 UTCEARNINGSAnnual results — FY 2022 Revenue EUR 8.45B · Net EUR -2.93B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage