International Consolidated Airlines Group S.A. (IAG) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the International Airlines Group Full Year 2025 results. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session throughout 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 to Luis Gallego, Chief Executive Officer, to open the presentation. Please go ahead, sir. Thank you very much. Good morning everyone and welcome to the IAG 2025 full year results. As usual, I'm joined today by Nicolas Cadbury, our CFO, as well as the other members of the IAG Management Committee. I'm pleased to be announcing a record set of results today, highlighting the excellence of IAG's performance in 2025. We are delivering for our customers as our investments in operational and customer related performance have led to another year of improving punctuality and customer net promoter scores. We are delivering record operating profit, operating margin and return on invested capital. And we are delivering for our shareholders through the increased dividend and new excess cash returns of 1.5 billion euros. This is a significant increase on the 1 billion euros buyback we announced last year. We continue to see a supportive demand environment that encourages our positive outlook and as a result we are planning further excess cash returns in future. And we look to the future with great confidence as we continue to leverage our business model and execute our strategy which will create value for our shareholders in the long term. In 2025, we have delivered world-class financial performance in each of our key metrics, continuing our track record over the past few years. We continue to grow revenue wit...