IAG, ES0177542018

IAG stock trades at GBp 437.00 as BA plans 25% growth

Published on 09/29/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IAG stock carries a 12% to 15% 2026 operating margin target after H1 revenue reached EUR 16.064 billion. A EUR 500 million buyback retired 2.12% of issued shares.

Fotorealistisches Flugzeug am Gate bei Sonnenuntergang, Symbolbild Luftfahrt — International Consolidated Airlines Group S.A. (ES0177542018): fotorealistisches Flugzeug am Gate im goldenen Abendlicht dargestellt, Illustration mit AI erstellt.

International Consolidated Airlines Group stock (ISIN ES0177542018) was trading at GBp 437.00 on the London Stock Exchange on September 29, 2026 at 9:25 a.m. London time, with a daily change of -0.05 percent. The latest company-specific development is British Airways' plan to raise Latin American seat capacity by 25 percent for summer 2027, as Morningstar reported on September 23, 2026.

British Airways targets Latin America

The planned expansion includes daily nonstop service between London Heathrow and Buenos Aires, alongside additional capacity to Brazil, Chile and Costa Rica. Morningstar said IAG had reduced 2026 capacity guidance to flat after second-quarter operating profit declined 16 percent, while retaining its 12 percent to 15 percent operating margin target.

That combination makes network allocation more important than headline seat growth. The Latin American plan is targeted rather than a broad capacity increase, giving the group a way to deploy aircraft while its wider 2026 capacity remains flat.

Revenue grows as profit pressure rises

For the six months ended June 30, 2026, IAG reported EUR 16.064 billion of revenue, up 1 percent from EUR 15.906 billion in the comparable period, according to Capital.com on September 24, 2026. Passenger revenue increased 2.3 percent to EUR 14.082 billion, while cargo revenue fell 9.4 percent to EUR 570 million.

The margin target therefore matters alongside demand. IAG also completed a EUR 500 million share buyback on September 10, 2026, repurchasing 97.7 million shares equal to 2.12 percent of issued share capital, as MarketScreener reported.

Fair value stands above the price

Morningstar maintained a GBp 458 fair value estimate on September 23, 2026. That is GBp 21.00 above the September 29 trading price, while fuel costs and geopolitical disruption remain the main operating counterweights described in the analysis.

IAG stock stays below yearly high

IAG stock was trading at GBp 437.00 on September 29, 2026, with a 52-week range of GBp 332.70 to GBp 492.90 and market capitalization of GBP 19.2 billion. The next scheduled earnings release is November 5, 2026, according to MarketScreener.