IAG, ES0177542018

IAG launched EUR 500 million buyback and IAG stock costs EUR 4.98

Published on 10/12/2026 at 09:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IAG launched a EUR 500 million buyback on October 2, 2026. IAG stock stood at EUR 4.98 on October 12, 2026 before results on November 6, 2026.

Key points in brief

IAG launched a final EUR 500 million share buyback on October 2, 2026.
The program can acquire up to 210 million ordinary shares, or 4.55 percent of issued capital.
IAG stock stood at EUR 4.98 at Lang & Schwarz on October 12, 2026 at 9:26 a.m. CEST.
IAG reported EUR 16.064 billion of revenue and EUR 1.757 billion of operating profit in the first half of 2026.
Third-quarter 2026 results are scheduled for November 6, 2026.

Schwarzweiß-Reportagefoto von Reisenden im Flughafenterminal mit Flugzeugblick — International Consolidated Airlines Group S.A. (ES0177542018): dokumentarische Schwarzweiß-Reportage zeigt Reisende im belebten Flughafenterminal, Illustration mit AI erstellt.

IAG (ISIN ES0177542018) launched a final EUR 500 million share buyback on October 2, 2026, while its stock stood at EUR 4.98 at Lang & Schwarz on October 12, 2026 at 9:26 a.m. CEST. The program completes IAG's planned EUR 1.5 billion excess-cash return and can acquire up to 210 million ordinary shares.

Buyback completes EUR 1.5 billion return

According to Investegate, the October 2 announcement followed the completion of a second EUR 500 million tranche on September 10, 2026. The final program started on October 5, 2026 and is expected to end by February 26, 2027.

Up to EUR 374.283 million is allocated to market purchases and EUR 126 million to purchases from Qatar Airways. Shares bought under the plan are intended for cancellation, subject to the capital reduction approved at the June 18, 2026 annual meeting.

What do the results mean for margins?

Aviation Intelligence reports that IAG generated EUR 16.064 billion of revenue in the first half of 2026, up 1.00 percent year over year. Operating profit fell 6.40 percent to EUR 1.757 billion, leaving a 10.90 percent operating margin.

The comparison points to the central operating issue: revenue expanded, but profit contracted as fuel costs rose 12.30 percent in the first half of 2026. The same period also produced EUR 2.91 billion of free cash flow, giving the buyback a cash-flow foundation while margins face fuel pressure.

Bernstein keeps a 550 pence target

Bernstein Research kept its Outperform rating and 550 pence price target on October 5, 2026, according to finanzen.ch. Analyst Alex Irving cited robust transatlantic demand but warned that higher kerosene prices could create material pressure for results in 2027.

Three dated capital-return steps

On February 26, 2026, IAG announced the EUR 1.5 billion excess-cash return. On September 10, 2026, it completed the second EUR 500 million buyback tranche. On October 2, 2026, it launched the final EUR 500 million program, creating a clear chronology from the original commitment to its final stage.

Next reporting date

IAG's next scheduled reporting date is November 6, 2026, when it is expected to publish third-quarter 2026 results. The date is listed on IAG's investor-relations page, which also reports EUR 33.213 billion of revenue and EUR 5.024 billion of operating profit for fiscal year 2025.

Stock price and investor context

IAG's euro reference price was EUR 4.98 at Lang & Schwarz on October 12, 2026 at 9:26 a.m. CEST. The current market signal sits beside a large capital-return program, while the first-half figures show that fuel costs remain the key test for margin durability.

The further course of trading is shown by the continuously updated real-time quote of IAG stock.