International Consolidated Airlines Group S.A. (IAG) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to International Airlines Group Half Year 2026 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, and welcome to IEG's first half of 2026 results. A particular welcome today to Jose Antonio Barranuevo, who has now taken over as our group CFO. Also, as usual, I have the rest of the IEG Management Committee with me today. This first slide captures the essence of where we are today as a group. Since its inception in 2011, we have built IAG into a world-class business. So we now have a diverse portfolio of globally recognized brands in large and attractive markets, delivering industry-leading margins and significant free cash flow, and creating long-term value for our shareholders. These fundamentals make us well-positioned to navigate the current headwinds that the industry faces. And as a result, we have delivered a robust first half performance. We have grown our revenue based on continued strong demand for travel. This highlights the strength and diversity of our markets and propositions. Our disciplined cost control during the half has supported the resilience of our margins, partly mitigating the selling increase in the price of jet fuel. We continue to have a strong and efficient balance sheet, which give us the ability to manage a crisis like this with confidence. And for our shareholders, we are committed to paying a sustainable dividend and completing the exces...