IAG

IAG

IAG opposes £49 billion third runway for Heathrow, fearing sharp increase in fees

Norbolsa | The British government has approved Heathrow’s expansion plan to build a third runway valued at £49 billion. The project, which involves moving a section of the M25 motorway, demolishing 700 homes and meeting complex environmental requirements, aims to increase capacity to 150 million passengers by 2035. The investment has been opposed by IAG, the airport’s main operator, which fears a sharp increase in fees and questions the economic…


iag 1440x808 1

IAG: results slightly below expectations due to difficult comparison, but balance sheet healthy and liquidity good

Bankinter | Q3 2025 results are slightly below expectations. Q3 2025 figures (versus market consensus): Revenue €9,328 million (same as Q3 2024) versus €9,427 million estimated; BNA €1,402 million (down 2.3%) versus €1,443 million estimated; Capacity (available seat kilometres, ASK): 95,537 million (up 2.4%); Load factor 88.6% (versus 89.9% in Q3 2024); Passengers 34,587 million versus 34,745 million in Q3 2024. Unit revenue per passenger (available seat kilometres) fell to…


IAG 1

IAG reduces share capital following redemption of 244.27 million treasury shares

Link Securities | In relation to the redemption of 244,274,863 IAG treasury shares through a reduction in share capital, the company announces that the public deed of capital reduction through the redemption of the aforementioned shares and amendment of the articles of association was registered in the Madrid Mercantile Registry on 20 October 2025. The redeemed shares will be excluded from trading on the relevant stock exchanges in the coming…


iag 1440x808 1

IAG to participate in Air Europa’s capital increase following entry of Turkish Airlines

Link Securities | IAG (IAG) has decided to participate in Air Europa’s capital increase following the entry of Turkish Airlines into its shareholding structure, as confirmed on Friday by the Spanish-British group, according to a report in Expansión on Friday. Iberia’s parent company acquired a 20% stake in Air Europa in August 2022 after converting a €100 million participatory loan. This was the first step in its second attempt to…


IAG new

IAG proceeds with full subscription and disbursement of €500 million in bonds maturing in 2030

Link Securities | The airline announced to the National Securities Market Commission (CNMV), in relation to its issue of senior unsecured bonds with an aggregate nominal amount of €500 million, that yesterday, being the closing date of the Issue, it proceeded with the full subscription and payment of all the Bonds. The Bonds (ISIN: XS3170907060) have been admitted to listing on the Official List and to trading on the regulated…


iag aireuropa

IAG to keep 20% stake in Air Europa after Turkish Airlines investment of €300 million

Norbolsa | LThe Spanish airline has accepted the proposal from Turkish Airlines, which will invest €300 million. The deal includes a €275 million loan that will be converted into shares and an additional €25 million cash contribution to enter directly into the capital. With this move, the Turkish airline will acquire between 26% and 27% of Air Europa, thus appreciating its stake in the Hidalgo family’s company. Following the transaction,…


Spain confronts Brexit: The moment of truth for Spanish companies in the UK

IAG potentially interested in 49.9% stake in TAP Portugal put up for sale by Portuguese government

Bankinter | The Portuguese government is putting 49.9% of TAP Portugal up for sale. 44.9% will go to investors and 5% to employees. The details of the operation are not yet known. Analysis team’s view: This news was expected, and there was even the possibility that 100% would be put up for sale. Remember that TAP was nationalised during the pandemic (at a cost of €3.2 billion). This news is…


iag 1440x808 1

IAG estimates Capex of €6 billion and operating profit of €1.4 billion in Strategic Plan

Banc Sabadell | IAG (IAG) presented its strategic plan, ‘Flight Plan 2030’, for Iberia (25% of IAG’s capacity in 2024), with which it hopes to consolidate its position as leader in its main markets. We highlight the main messages: Capacity growth of 3/5% over the next few years, without specifying a period, with LatAm as the main market with expected growth of 5%.In the medium term (no specific period given),…


IAG

IAG returns to MSCI World Index following exclusion in 2019 for protecting shareholding from non-EU investors in wake of Brexit

Renta4 | IAG will enter the MSCI World Index from Monday 2 June. Ryanair will also enter the index. The MSCI World Index incorporates some 1,350 medium and large companies from the world’s 23 major developed economies. IAG was part of the index until March 2019 when it was excluded following its decision to shield its shareholding from non-EU investors to protect itself from Brexit. Assessment: Positive news as the…


IAG

IAG fears Trump’s trade war: 17% of 2024 income -€5,406 million- depended on US

Link Securities | The holding company IAG (IAG) fears that the trade war unleashed by US President Donald Trump since his arrival at the White House will affect its business with higher prices and less appetite for flying in general and, in particular, on routes to the United States, one of its main markets, according to Expansión. Last year, 17% of IAG’s income, or €5.406 billion, depended on the United…