IAG stock heads into results with 1.878 billion euro profit view

International Airlines Group is heading into its third-quarter results on Friday, November 6, with Bank of America taking a more constructive view of the earnings outlook. The bank expects pre-exceptional operating profit of 1.878 billion euros, 2 percent above a consensus estimate of 1.830 billion euros, according to Finimize.

Transatlantic demand supports estimates

Bank of America expects IAG's available seat kilometers to increase 1.3 percent from a year earlier while the load factor holds at 88.6 percent. Revenue per available seat kilometer is forecast to rise 4 percent, supported by transatlantic travel demand and firm pricing from US airline competitors.

The research view also relies on contained operating costs. Non-fuel cost per available seat kilometer is expected to increase 0.6 percent, allowing stronger unit revenue to flow through to profit. Bank of America models a 19.2 percent pre-exceptional operating margin and expects investors to focus on forward bookings, US-route pricing and the durability of cost control.

Fuel and capacity remain risks

The upcoming report will test whether pricing strength and fuel hedges can offset pressure from higher jet-fuel costs. Capacity decisions are equally important: restrained growth can support fares and load factors if demand remains firm, but it also signals a more cautious operating environment for European short-haul flying.

IAG's investor-relations calendar lists the Q3 2026 release for Friday, November 6. The group's 2025 annual figures provide the latest full-year reference point: revenue reached 33.213 billion euros and operating profit before exceptional items was 5.024 billion euros, according to the IAG investor-relations page.

Share price before the release

IAG stock traded at 5.30 euros on Lang & Schwarz at 12:11 CET on Thursday, November 5. The next session's reaction is likely to depend not only on the reported profit figure but also on management's comments about fares, bookings, fuel protection and capacity.

Investors can follow the real-time quote of IAG stock as the results approach.

In the wider Spanish market, investors can follow developments through the IBEX 35 market overview.

More news and analyses on IAG stock will track the November 6 update and its implications for margins, capacity and shareholder returns.