International Consolidated Airlines Group SA

IAG: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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IAG Earnings: Softer Trans-Atlantic Yields and Weaker Leisure Demand Trigger 10% Share Decline

Loredana Muharremi

Nov 7, 2025

IAG's operating margin of 22% remained strong, yet underlying revenue trends—particularly for the trans-Atlantic—were softer than expected. Passenger yields were broadly flat year on year, and group unit revenue fell 2.4% as higher capacity and currency headwinds pressured pricing.

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International Consolidated Airlines Group SA

IAG Earnings: Softer Trans-Atlantic Yields and Weaker Leisure Demand Trigger 10% Share Decline

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