IAG (International Airlines Group)

A solid Q3 top line, undone by one-off disruption and fuel costs

06/11/26 -"IAG’s Q3 missed consensus, with operating profit before exceptional items of €1,726m (-16% yoy) against a median of €1,810m for consensus. The top line held up, led by the North Atlantic, but ..."

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English
Published on
06/11/26
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06/11/26
Europe’s three legacy carriers have now all reported Q3 and we see a clear trend emerging ahead of a Q4.
06/11/26
IAG’s Q3 missed consensus, with operating profit before exceptional items of €1,726m (-16% yoy) against a median of €1,810m for consensus. The top ...
19/10/26
We lower our TP to €4.50 and maintain our Reduce rating. The market continues to price a mild scenario on airlines: most companies are passing ...
16/10/26
Our TP at €6.75 is almost unchanged. The market continues to price a benign scenario: airlines are passing through the fuel shock with yields still ...

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