Get all premium features to the best stock analysis tool

H1 showed resilient premium demand, with North Atlantic unit revenue up 7.3% and strong pricing across higher-value routes. IAG lowered its fuel-cost assumption while maintaining a 70% hedge and expects to recover around 60% of the increase. Free cash flow remained strong, while net debt and leverage continued to decline despite substantial shareholder distributions.

JP Morgan has removed International Consolidated Airlines Group SA (LSE:IAG) from its analyst 'focus list' after a run of outperformance, while cutting earnings forecasts for the British Airways owner on higher fuel costs and reduced capacity. Analyst Harry Gowers lowered his operating profit estimates by 6%, 5% and 4% across the forecast period following second-quarter results, and now expects €4.54 billion of earnings before interest and tax this year.

International Consolidated Airlines Group S.A. (ICAGY) Q2 2026 Earnings Call Transcript