International Consolidated Airlines Group revenue and financials

IAG · LSE · GBp

435.50 GBpChange from previous close: −0.96%Absolute change: −4.20 GBp

Close · October 7, 2026

In the fiscal year ended December 2025, International Consolidated Airlines Group reported revenue of €33.21B (+3.47% year over year). Net income was €3.34B, a net margin of 10.1%.

Annual revenue · 2025: €33.21B
  1. €8.46B2021
  2. €23.07B2022
  3. €29.45B2023
  4. €32.1B2024
  5. €33.21B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+3.47%
2025 vs 2024
Net income growth
+22.33%
2025 vs 2024
Net margin
10.1%
2024: 8.5%

Financial data

Amounts in millions of EUR; per-share values in EUR; shares in millions.

Cash flow · Annual
Item20252024202320222021
Operating cash flow6,5886,3724,6024,854-141
Depreciation and amortization2,3192,1321,8781,8971,749
Capital expenditure-3,442-2,816-3,282-3,875-744
Investing cash flow-2,769-2,502-3,161-3,463-181
Financing cash flow-4,413-1,175-5,194-56.02,235
Dividends paid-470-147———
Share repurchases-1,243-202-77.0-23.0-24.0
Debt issued1,1601,4741,0011,436—
Debt repaid-2,322-410-4,268-1,050—
Effect of exchange rates-17453.0-2.0-31.0205
Net change in cash-7682,748-3,7551,3042,118
Free cash flow3,1463,5561,320979-885
Levered free cash flow2,2071,797863560-356