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International Consolidated Airlines Group SA on Friday afternoon announced the launch of its latest share buyback programme. The buyback will be worth up to €500 million, and the British Airways, Aer Lingus and Vueling owner said it has engaged Morgan Stanley Europe SE and Goldman Sachs Bank Europe SE to implement it in sequential portions. IAG also said Qatar Airways Group has agreed to participate on a pro rata basis, to preserve its total stake in IAG at the 25.14% it held immediately before IAG implemented its most recent buybacks, starting from the programme announced on November 8, 2024. Qatar Airways has agreed not to sell any IAG shares in the market while the current buyback is ongoing. Of the €500 million maximum total value, IAG expects to buy back shares worth €126 million from Qatar Airways, with the other €374 million going towards ‘purchases from market participants’. IAG expects to start the buyback to start on Monday, March 2, and to end it no later than May 29. The Madrid-based airline operator had, earlier on Friday, hailed an ‘exceptional’ 2025, reporting increased profit and revenue. This included €5.02 billion in operating profit before exceptional items, up 13% and beating company-compiled consensus of €5.01 billion. Shares in IAG were down 6.9% at 425.73 pence on Friday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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