IAG Reports Record Profits and Announces €1 Billion Share Buyback

British Airways' parent company credits transatlantic travel demand and cost efficiencies for a 27% surge in annual operating profit.

International Airlines Group (IAG) posted a 27% increase in annual operating profit, reaching €4.44 billion in 2024, exceeding market expectations.
The company announced a €1 billion share buyback plan and a total dividend payout of €435 million for the year, signaling strong financial health.
British Airways contributed significantly to IAG's success, earning €2 billion in operating profit with a 14.2% profit margin, driven by robust transatlantic travel demand.
Passenger numbers across IAG's airlines grew by 5.6% in 2024, with British Airways alone increasing passenger counts by 6.6% to 46 million.
While IAG remains optimistic about demand, analysts caution about potential economic headwinds and supply chain constraints affecting aircraft deliveries.