IAG
Airlines · Spain
IAG is the holding company of British Airways, Iberia, Vueling, Aer Lingus and LEVEL, flying passengers and cargo from hubs in London, Madrid, Barcelona and Dublin and earning extra from its Avios loyalty business.
What makes it different
It owns British Airways but holds under half its votes.
49.9%Voting rights IAG holds in British AirwaysFY2025
A trust holds the remaining votes so the airline keeps its national ownership structure, while IAG keeps almost all of the profit.
How big it is
How big is IAG?
€33.21BRevenueFY2025
121.6MPassengersFY2025
75,786EmployeesFY2025
How it makes money FY2025
Mostly passenger flights.
- Passenger flights87%€28.97B
- Cargo4%€1.24B
- Other services9%€3.01B
How the business works
Own brands, shared platform, cash back.
- 1Five separate airlines
- 2One central platform
- 3Excess cash to shareholders
The parent allocates capital while each airline answers for its own results.
Brands and businesses
More than IAG.
Who owns it
- Other shareholders (below 3% each)66.525%
- Qatar Airways (Q.C.S.C.)24.995%
- Capital Research and Management Company5.034%
CEO: Luis Gallego
Who it competes with
Key moments
- 2009IAG is incorporated in Madrid
- 2011British Airways and Iberia merge
- 2013IAG acquires Vueling
- 2015IAG acquires Aer Lingus
- 2017LEVEL launches long-haul low-cost flying
Sources
Every number on this page comes from IAG's own reports.
Full profile
The rest of the story is in the app.
What IAG tracks31 metrics
Passengers
Available seat kilometres
Passenger load factor
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
Where the money comes from4 regions
UK
Spain
USA
The full timeline18 moments
2024
2025
2026
IAG vs Lufthansa Groupside by side
Revenue
Profit
People
Point your phone at a logo.
See the company behind it.
The full story in 12 chapters · compare any two companies · 335 companies, and any other on request.
Download on the App Store
