International Consolidated Airlines Group Concludes First Tranche of Share Buyback and Commences Second

International Consolidated Airlines Group, the firm recognized the world over for operating aviator giants British Airways and Iberia, has concluded its first tranche of the extensive €1 billion share buyback programme. Initiated on the 28th of February 2025, the company has successfully purchased and extinguished 148,068,554 ordinary shares, equaling approximately 2.98% of the company’s overall share capital.

Never ones to hit turbulence for long, the company announced concurrently the onset of the second €500 million tranche of the programme. The core purpose of this substantial buyback operation is to decrease IAG’s share capital, contingent on approval from its Shareholders’ Meeting.

The financial heavyweights Goldman Sachs Bank Europe SE and Morgan Stanley Europe SE have been solicited to administer the programme. Conferencing sequences with each bank, they will directly make share purchases on behalf of the company and pencil all trading decisions free from influence by the company.

This second tranche of the programme will be financed through the purchasing of shares from market participants and from Qatar Airways. With €374 million allocated for purchases from market participants and a neat €126 million for purchases from Qatar Airways, the second wave has indeed been cleared for takeoff.

The €500 million second tranche is expected to commence on the 2nd of June 2025 and conclude no later than 28th November 2025. Rising above European regulations, all procedures surrounding the buyback programme have been implemented within the boundaries of the Market Abuse Regulation and Commission Delegated Regulation.