- Business
- International Consolidated Airlines Group S.A. (IAG) is a British-Spanish multinational airline holding company that owns and operates passenger and cargo airlines, loyalty programs and ancillary services; its primary operating subsidiaries include British Airways, Iberia, Vueling, Aer Lingus and LEVEL, which provide scheduled passenger flights across short-haul intra-Europe and domestic routes, medium-haul Latin American services and long-haul North Atlantic, South Atlantic and Asia Pacific operations using a fleet of approximately 601 aircraft to 259 destinations in 91 countries; complementary businesses encompass IAG Cargo for air freight transport, IAG Loyalty for Avios-based rewards programs including British Airways Holidays and co-branded credit cards, and maintenance, repair and overhaul (MRO) services. Formed in 2011 through the merger of British Airways and Iberia and headquartered in London with a registered office in Madrid, IAG serves business and leisure travelers globally with leadership positions in the UK, Spain and Ireland markets. Recent developments include a multi-year extension of the IAG Loyalty partnership with American Express covering British Airways co-branded cards and Avios transfers across IAG airlines; an expanded five-year Scope 3 sustainable aviation fuel (SAF) agreement with Microsoft for 39,000 tonnes to support net zero ambitions by 2050 and 10% SAF usage by 2030; selection of a record 29 startups for the 2025 IAGi Accelerator focusing on AI, sustainability and customer platforms; near-completion of a €1 billion share buyback program with plans for additional shareholder returns; delivery of 19 new aircraft including A321XLRs and A350s through nine months of 2025; and strengthened Q3 2025 financials with operating profit up 2% to €2.053 billion amid 2.4% capacity growth.