IAG, the company that owns the airlines Iberia, Vueling and British Airways, recorded a net profit of 2,703 million euros until September, an increase of 15.15% compared to the same period last year.
The company, which has already expressed interest in purchasing TAP, almost fully completed the share buyback program for 1,000 million euros in February 2025 and declared its intention to announce new distributions to shareholders when it presents its results for the fiscal year.
According to information sent today by the company to the Spanish National Securities Market Commission (CNMV), operating profit rose 18.3%, to 3,931 million euros.
Total revenue increased to 25,234 million euros, a growth of 4.9%, with financial debt standing at 14,783 million euros.
“We remain focused on creating long-term value for our shareholders, contributing to the achievement of our financial objectives with disciplined investments for the future, aimed at improving the customer experience and operational efficiency”, stated IAG’s executive president, Luis Gallego.
In its earnings presentation, the company said it was on track to achieve another year of revenue and profit growth, with improved margins and strong returns for its shareholders.
“We are executing our strategy and continue to build a business that will provide sustainable value creation throughout the cycle”, he assured.
On Thursday, the executive president (CEO) of Air France-KLM, Benjamin Smith, confirmed that he will formalize the expression of interest in purchasing TAP in the coming weeks.
IAG and Lufthansa have also publicly expressed their interest in TAP.