IAG Earnings Preview: Strong Travel Demand Supports Shares Ahead of Results

International Consolidated Airlines Group (LON: IAG) will report full-year 2025 results on 27 February, with expectations pointing to another year of earnings growth as travel demand remains robust and the group benefits from favourable long-haul market dynamics.

Company-compiled consensus forecasts an operating result before exceptional items of €4.98 billion for 2025, rising to €5.20 billion in 2026, signalling confidence in the carrier’s ability to extend margin progress despite a mixed macroeconomic backdrop.

In its third-quarter update, the owner of British Airways and Iberia said it was “on track to deliver another year of revenue and earnings growth, margin progress and strong shareholder returns”, adding that demand for travel “remains strong”.

Management stressed that its brand portfolio and network structure leave the group well-positioned while remaining mindful of wider economic and geopolitical risks.

Analysts have remained positive into the numbers. A January note from Bernstein highlighted IAG’s leverage to structural tailwinds, including constrained airport capacity and strong long-haul demand across the Americas.

The firm also pointed to the group’s network strategy, which allocates secondary hubs to regional flows while preserving premium long-haul capacity out of Heathrow, alongside continued cash returns to shareholders.

Overall, TradingView data shows that of the 26 analysts covering the stock, 23 have a Buy rating, 2 see it as a Hold, and one as a Sell.

IAG shares have risen around 5.7 percent year-to-date and more than 26 percent over the past 12 months, extending a steady uptrend that began in April.