International Airlines Group (IAG) reported a solid third quarter in 2025, with stable passenger revenues and high operating margins, maintaining strong demand for travel while managing costs effectively.
- Operating margin reached 22% for the quarter, with all airlines reporting margins over 20%.
- Revenue increased by EUR 177 million (2% year-on-year), driven primarily by robust travel demand.
- Iberia led operating profit growth, up EUR 56 million to EUR 510 million, with a margin of 23.7%.
- Nonfuel costs improved, partially offsetting higher operational expenses due to pay deals and new aircraft.
- The outlook for Q4 remains positive, although projected currency headwinds may impact revenue performance.
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