International Consolidated Airlines Group S.A. (IAG) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the International Airlines Group's first quarter year 2025 results. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session through the phone lines, and instructions will follow at that time. I would like to remind all participants that this call is being recorded. I will now hand over to Luis Gallego, Chief Executive Officer, to open the presentation. Please go ahead. Thank you very much. Good morning, everyone. Welcome to our update for the first quarter of 2025. As usual, I'm joined by Nicolas Cadbury, our CFO, as well as the rest of the IAG Management Committee. I would like to begin today by highlighting the key attributes about IAG that help to deliver the strong results in the first quarter and underpins our long-term world-class targets. Our fundamentals are strong. We have unique strengths in our network, apps and brands. Our customer base is high quality across all of our airlines. And we have additional businesses that drive capital life, high margin earnings growth. Our execution based on our well established transformation program and delivered by our talented people is delivering world class margins. And we are focused on creating value for our shareholders through sustainable dividends and returning excess cash to shareholders through our share buyback program. So IAG has delivered another strong quarter in Q1 2025. We grew revenue by 9.6 percent. All of our core markets performed well, particularly the North and South Atlantic. Our operating profit grew by 130 million euros to 198 million euros. And our margin increased by 1.7 percentage points to 2.8% in our quietest quarter. Operational performance has been good, particularly at British Airways, d...