Luis de Ayo
Chief Executive Officer
Replay available
International Consolidated Airlines Group S.A. (IAG) Q1 2026 Earnings Call
International Consolidated Airlines Group S.A. (LSE: IAG) Q1 2026 earnings conference call, held 2026-05-08. Replay captured from the company's public earnings webcast.
Hosted by
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Nicolas Cadbury
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Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.079 Good morning, ladies and gentlemen, and welcome to International Airlines Group Q1 2026 00:00:05.079 -- 00:00:06.661 results. 00:00:06.661 -- 00:00:10.607 At this time, all participants are in listen-only mode. 00:00:10.607 -- 00:00:14.653 Later, we will conduct a question-and-answer session through the phone lines, and instructions 00:00:14.653 -- 00:00:17.237 will follow at that time. I 00:00:17.237 -- 00:00:20.882 would like to remind all participants that this call is being recorded. 00:00:20.882 -- 00:00:25.229 I will now hand over to Luis de Ayo, Chief Executive Officer, to open the presentation. 00:00:25.229 -- 00:00:27.610 Please go ahead. 00:00:28.499 -- 00:00:34.169 Thank you very much. Good morning, everybody, and welcome to the IAG first quarter results. 00:00:34.169 -- 00:00:39.840 As usual, I'm joined by Nicolas Cadbury, our CFO, as well as the IAG 00:00:39.840 -- 00:00:44.649 Management Committee. And for the first time, I would also like to welcome José Antonio 00:00:44.649 -- 00:00:49.213 Barronuevo, our incoming CFO, to the call. 00:00:50.774 -- 00:00:54.339 I'm pleased to report a strong first quarter. 00:00:54.339 -- 00:00:59.467 We grew revenue by 1.9%, reflecting continuing strong demand for our 00:00:59.467 -- 00:01:03.893 airlines and networks. We grew profit by 77% 00:01:03.893 -- 00:01:07.158 to deliver operating profit of 351 00:01:07.158 -- 00:01:12.245 million euros. Our operating margin improved by 2.1 points to 00:01:12.245 -- 00:01:14.088 4.9% 00:01:14.088 -- 00:01:19.396 in our seasonally quietest quarter. This good profit performance 00:01:19.396 -- 00:01:24.160 was mostly achieved before the impact of the Middle East conflict, which we expect to 00:01:24.160 -- 00:01:27.523 have a more substantial...