Luis Gallego
Chief Executive Officer, International Airlines Group
Replay available
International Consolidated Airlines Group S.A. (LSE: IAG) Q3 2025 earnings conference call, held 2025-11-07. Replay captured from the company's public earnings webcast.

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WEBVTT 00:00:00.031 -- 00:00:05.219 Good morning, ladies and gentlemen, and welcome to the International Airlines Group Recorded 00:00:05.219 -- 00:00:10.286 2025 Results Call. At this time, all participants are in listen-only mode. 00:00:10.286 -- 00:00:13.471 Later, we will conduct a question-and-answer session. 00:00:13.471 -- 00:00:17.437 Through the phone lines and instructions, we'll follow at that time. 00:00:17.437 -- 00:00:22.144 I would like to remind all participants that this call is being recorded. 00:00:22.144 -- 00:00:27.431 I will now hand over to Luis Gallego, Chief Executive Officer, to open 00:00:27.431 -- 00:00:30.974 the presentation. Please go ahead. 00:00:31.317 -- 00:00:36.603 Thank you very much. Good morning, everyone, and welcome to the IAG third quarter results. 00:00:36.603 -- 00:00:41.768 Today I have with me Nicolas Casbury, our CFO, as well as members of the IAG 00:00:41.768 -- 00:00:44.209 Management Committee. 00:00:44.211 -- 00:00:49.116 This has been another good quarter for IAG, and we are on track for another very good 00:00:49.116 -- 00:00:54.602 year. Our strong fundamentals underpin our best-in-class value creation 00:00:54.602 -- 00:00:59.688 over the long term. We are continuing to see robust demand for 00:00:59.688 -- 00:01:04.571 travel across the group. Our leading network and brands have helped to deliver a strong 00:01:04.571 -- 00:01:09.677 revenue performance in the quarter with PRAX broadly flat at constant 00:01:09.677 -- 00:01:13.261 currency against a record quarter last year. 00:01:13.261 -- 00:01:18.046 Our transformation initiatives are delivering effective cost control, supporting our 00:01:18.046 -- 00:01:23.071 competitive flow base on which we are delivering market leading margins at 00:01:23.071 -- 00:01:2...