IAG launched EUR 500 million buyback. Bernstein keeps GBp 550 target for IAG stock
Published on 10/13/2026 at 09:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- IAG launched the final EUR 500 million tranche of its EUR 1.5 billion 2026 buyback program on October 2, 2026.
- The program can repurchase up to 210 million shares and is scheduled to run through February 26, 2027.
- IAG stock was at EUR 5.00 at Lang & Schwarz on October 13, 2026 at 9:13 a.m. CEST.
- Bernstein Research maintained an Outperform rating and a GBp 550 price target on October 6, 2026.
IAG (ISIN ES0177542018) launched the final EUR 500 million tranche of its EUR 1.5 billion share buyback program on October 2, 2026. According to finanzen.ch on October 6, 2026, Bernstein Research maintained an Outperform rating and a GBp 550 price target for IAG stock.
Three events shape the airline group
The buyback is the latest capital-return step. The program can acquire up to 210 million ordinary shares, while the total 2026 excess-cash return reaches EUR 1.5 billion, according to AVIATOR on October 2, 2026.
On September 21, 2026, IAG reported first-half revenue of EUR 16.064 billion, up 1.00 percent year over year, while operating profit stood at EUR 1.608 billion, down 14.40 percent year over year, according to gast.at.
On September 29, 2026, IAG selected OpenAirlines' SkyBreathe platform for five airlines supporting more than 600 aircraft, according to OpenAirlines. The operational project gives the group a concrete efficiency angle as fuel costs remain a central airline expense.
What does the buyback mean?
The final tranche is scheduled to begin on October 5, 2026, and end no later than February 26, 2027. Up to EUR 374 million is allocated to market purchases and EUR 126 million to transactions associated with Qatar Airways, according to AVIATOR's October 2, 2026 account.
Bernstein's October 6, 2026 assessment kept the GBp 550 target unchanged and cited a supportive long-haul demand backdrop alongside higher kerosene costs. The target is a separate London-market reference because IAG's primary listing trades in GBp, while the German investor quote is shown in euros.
Dates and the current quote
IAG's next reported event is its third-quarter 2026 results on November 6, 2026. The buyback is scheduled to conclude by February 26, 2027, giving investors two dated milestones for the capital-return and reporting cycle.
IAG was trading at EUR 5.00 at Lang & Schwarz on October 13, 2026 at 9:13 a.m. CEST. International Airlines Group is listed on the London Stock Exchange under ticker IAG.L, with the primary quotation in GBp. The company operates in the Industrials sector and the Airlines, Airports and Air Services industry.
The further course of trading is shown by the continuously updated real-time quote of IAG stock.
IAG stock facts
- Company: International Consolidated Airlines Group S.A.
- ISIN: ES0177542018
- Ticker: IAG.L
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz as of October 13, 2026, 9:13 a.m. CEST: EUR 5.00
- Sector / Industry: Industrials / Airlines, Airports and Air Services
Market context: Market report FTSE 100.
