International Consolidated Airlines Group, S.A. ( (ICAGY) ) has released its Q4 earnings. Here is a breakdown of the information International Consolidated Airlines Group, S.A. presented to its investors.
International Consolidated Airlines Group, S.A. (IAG) operates in the airline industry, managing a portfolio of world-class brands including British Airways, Iberia, Aer Lingus, Vueling, and LEVEL, with a focus on delivering sustainable shareholder value through strategic growth and operational efficiency.
IAG’s latest earnings report for 2024 highlights a robust financial performance, driven by strategic initiatives and a strong market presence. The company reported a 9% increase in total revenue, reaching €32.1 billion, and a significant rise in operating profit before exceptional items by 26.7% to €4.443 billion. This performance underscores the effectiveness of IAG’s transformation program and strategic focus on enhancing customer propositions and operational efficiency.
Key financial metrics from the report include a 13.8% operating margin before exceptional items, a 12.3% growth in adjusted earnings per share, and a free cash flow of €3.556 billion. The company also announced a total dividend of €435 million for the year and a €350 million share buyback, with plans to return up to an additional €1 billion of excess capital to shareholders within the next 12 months. Operational improvements were noted across its brands, with British Airways and Aer Lingus showing significant enhancements in on-time performance.
Looking forward, IAG remains confident in its ability to deliver world-class margins and returns, supported by strong customer demand and disciplined capital allocation. The company plans to continue investing in its market-leading positions and fleet modernization, aiming for sustainable earnings growth and shareholder value creation.