IAG Reports 22.1% Profit Surge, Plans €435M Dividend

International Airlines Group (IAG), the parent company of British Airways, reported a 22.1% increase in operating profit for the last year, reaching €4.3 billion, up from €3.5 billion in 2023. This growth was attributed to higher passenger revenues and lower fuel costs, with a proposed final dividend of €435 million for shareholders. IAG's passenger revenue per available seat kilometre increased by 3.1%, while fuel costs decreased by 5.2%. The airline's total passenger numbers grew by 5.6% to 122 million, with British Airways significantly contributing to revenue growth. Despite these positive results, analysts noted potential challenges ahead, including economic uncertainties that might affect consumer spending and business travel. IAG plans to execute a €1 billion share buyback scheme, reflecting confidence in its financial recovery and strategic direction.