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