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International Consolidated Airlines Group S.A. (ICAGY) Q1 2026 Earnings Call May 8, 2026 3:30 AM EDT
Company Participants
Luis Martín - Group CEO & Executive Director
Nicholas Cadbury - Group Chief Financial & Sustainability Officer
Lynne Embleton - Chairman & CEO of Aer Lingus
Marco Sansavini - CEO & President
Sean Doyle - CEO & Chairman of British Airways
Adam Daniels - Chairman & CEO of IAG Loyalty
Conference Call Participants
Alexander Irving - Bernstein Institutional Services LLC, Research Division
Jaime Rowbotham - Deutsche Bank AG, Research Division
James Hollins - BNP Paribas, Research Division
Stephen Furlong - Davy, Research Division
Harry Gowers - JPMorgan Chase & Co, Research Division
Savanthi Syth - Raymond James & Associates, Inc., Research Division
Ruairi Cullinane - RBC Capital Markets, Research Division
Andrew Lobbenberg - Barclays Bank PLC, Research Division
Gerald Khoo - Panmure Liberum Limited, Research Division
Muneeba Kayani - BofA Securities, Research Division
Conor Dwyer - Citigroup Inc., Research Division
Jarrod Castle - UBS Investment Bank, Research Division
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to International Airlines Group Q1 2026 Results. [Operator Instructions] I would like to remind all participants that this call is being recorded.
I will now hand over to Luis Gallego, Chief Executive Officer, to open the presentation. Please go ahead.
Luis Martín
Group CEO & Executive Director
Thank you very much. Good morning, everybody, and welcome to the IAG first quarter results. As usual, I'm joined by Nicholas Cadbury, our CFO, as well as the IAG Management Committee. And for the first time, I would also like to welcome José Antonio Barrionuevo, our incoming CFO, to the call.
I'm pleased to report a strong first quarter. We grew revenue by 1.9%, reflecting continuing strong demand for our airlines and networks. We grew profit by 77% to deliver operating profit of EUR 351 million. Our operating margin improved by 2.1 points to 4.9% in our seasonally
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