British Airways owner IAG unveils €1bn buyback as profit grows
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International Consolidated Airlines Group SA (IAG), owner of British Airways, announced a €1 billion buyback following a 2.9% increase in post-tax profit to €2.7 billion and a 9% rise in revenue to €32.1 billion for the year ending December 31.
February 28, 2025 | 8:00 am
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IAG, the owner of British Airways, reported a 2.9% increase in post-tax profit and a 9% rise in revenue, leading to a €1 billion buyback announcement.
The announcement of a €1 billion buyback is a strong signal of confidence from IAG in its financial health and future prospects. The increase in profit and revenue further supports a positive outlook, likely leading to a short-term increase in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100