Particle.news
Download on the App Store
9 ARTICLES
·
4h ago

IAG Reports Strong Q1 2025 Results and Confirms 53-Aircraft Order Pending Shareholder Approval

The parent company of British Airways and Aer Lingus saw profits surge while advancing its fleet modernization strategy with a major Airbus and Boeing order.

A British Airways Boeing 777 passes a British Airways Airbus as it takes off from Heathrow Airport, in London, Britain, November 28, 2023. REUTERS/Peter Nicholls/File Photo
The logo of Airbus is pictured outside the Airbus facility in Saint-Nazaire, France, November 7, 2023. REUTERS/Stephane Mahe/File Photo
Image
Image

Overview

  • IAG announced the purchase of 53 long-haul aircraft, including 32 Boeing 787-10s for British Airways and 21 Airbus A330-900neos for Aer Lingus, Iberia, and LEVEL.
  • The aircraft order, scheduled for delivery between 2028 and 2033, is subject to shareholder approval.
  • In Q1 2025, IAG's revenue rose 9.6% year-over-year to €7 billion, with operating profit more than doubling to €198 million.
  • Profit after tax swung to €176 million, reversing a €4 million loss in Q1 2024, driven by strong travel demand and lower fuel costs.
  • The company completed €530 million in share buybacks this year and proposed a final dividend of €288 million, reflecting its commitment to shareholder returns.