IAG reports robust first half results despite headwinds
Revenue grew 1% to €16,064 million, but operating profit before exceptional items fell 6.4% to €1,757 million due to higher fuel costs and Middle East crisis.
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Multinational airline holding company
iairgroup.comLast updated
In short: IAG posted strong first-quarter results but warned of lower profits as Middle East conflict drove up fuel costs.
Revenue grew 1% to €16,064 million, but operating profit before exceptional items fell 6.4% to €1,757 million due to higher fuel costs and Middle East crisis.
The airline group targets €1bn profit from its loyalty division, up from €593m in 2025.
Revenue grew 1.9%, profit rose 77% to €351 million. They manage uncertainty by redeploying capacity and expect €2 billion higher fuel costs but assure full summer schedules.
Profit before exceptional items grows 13.1% to €5.02 bn. Revenue reaches €33.2 bn, up 3.5%. Operating margin improves to 15.1%. Dividend increases 8.9%; €1.5 bn cash return announced.
IAG now expects flat 2026 capacity as its fuel-cost forecast falls, but quarterly profit remains under pressure.
International Airlines Group said its British Airways business was boosted by businesspeople avoiding the Middle East, but the conflict weighed on capacity in the first...
British Airways' parent company International Airlines Group (IAG) has revealed a 35% slump in profits because of soaring fuel costs.
The group reported pre-tax profits tumbling to 995 million euro (£852 million) in the three months to the end of June.
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