International Airlines Group (IAG) has reported a strong financial performance for 2024, with operating profit before exceptional items rising by 26.7% to €4.443 billion.
The airline group, which owns British Airways, Iberia, Aer Lingus, and Vueling, attributed its success to robust demand, an expanded network, and an ongoing transformation program.
Total revenue increased by 9% year-on-year to €32.1 billion, supported by higher passenger demand and improved operational efficiency. Net profit after tax stood at €2.73 billion, reflecting a 2.9% rise from the previous year.
The group also recorded free cash flow of €3.56 billion, after investing €2.82 billion into its operations.
IAG announced plans to distribute €1 billion in excess capital to shareholders over the next 12 months.
The company is also proposing a final dividend of €0.06 per share, bringing the total 2024 dividend to €0.09 per share.
British Airways, the largest airline within IAG, reported an operating profit of £2.048 billion (€2.39 billion), achieving a 14.2% margin.
Meanwhile, Iberia and Vueling remained among the world’s most punctual airlines, with Iberia securing €1.427 billion in operating profit.
IAG continued to invest in fleet modernization, with 19 new aircraft delivered in 2024 and a further 26 expected in 2025.
The company also emphasized sustainability, reporting that 1.9% of its fuel consumption was sourced from Sustainable Aviation Fuel (SAF), in line with its 2025 target of 2%.
Looking ahead, IAG expects to sustain high profit margins and free cash flow while continuing its disciplined capital allocation strategy.
CEO Luis Gallego reaffirmed the company’s commitment to shareholder value, saying, “We are confident in delivering world-class margins and returns while continuing to enhance our customer proposition.”…
