International Consolidated Airlines

Bernstein reconfirms the 'Outperform' rating for International Airlines Group and keeps the price target at 550 pence. Operating profit in the second quarter was slightly above the consensus median but remained weighed down by high fuel costs. » More on finanzen.net

International Airlines Group reported a 21% drop in profit after tax to €1bn in H1 2026 while revenue rose 1% to €16bn. The company said it expects no growth in passenger capacity this year as a significant fuel price increase from attacks on Iran and the closure of the Strait of Hormuz raises costs. IAG said strong demand and disciplined cost control helped but could only partly offset the geopolitical impact. » More on theguardian.com

International Consolidated Airlines Group has set the final buyback price for the senior, unsecured convertible bond 2028 at 145,685.11 EUR per 100,000 EUR nominal and accepted bonds with a total nominal value of 821.7 million EUR. This corresponds to 99.6% of the outstanding volume of 825 million EUR; subsequently, additional securities with a nominal value of 2.7 million EUR were accepted. Settlement is scheduled for 19 May 2026, after which about 3.3 million EUR are expected to remain outstanding, which the company intends to repay by a clean-up call at par plus accrued interest. BofA Securities Europe SA and HSBC Continental Europe acted as joint dealer managers for the transaction. » More on de.investing.com

International Consolidated Airlines Group has announced the repurchase of 1.125% convertible bonds due 2028 with a nominal amount of €819 million, representing 99.3% of the outstanding volume. Eligible creditors will receive an initial buyback price of €138,950 per €100,000 nominal, which will be adjusted based on the volume-weighted average share price over two trading days; the final price is expected to be announced next Tuesday. Creditors will also receive accrued interest (estimated at €3.06 per €100,000), and settlement is planned for around 19 May 2026, subject to financing conditions. After filing for redemption, the remaining €6 million nominal will be repaid via a clean-up call at par plus interest; BofA Securities Europe and HSBC Continental Europe acted as dealer managers. » More on de.investing.com

The sharp rise in jet fuel prices resulting from the Iran war is pushing International Consolidated Airlines’ fuel bill this year to around €9 billion, about €2 billion more than originally expected. As a result, 2026 profit will be lower than forecast at the start of the year, IAG said; the stock fell about 4% in London. CEO Luis Gallego is cutting planned capacity growth to around 1% in Q2 and 2% in Q3 instead of the previously planned 3%. Higher fuel costs had not yet affected first-quarter figures: revenue €7.2 billion (+2%), net profit €301 million (>+70%), and about 26.4 million passengers carried (~+1%). » More on finanzen.net