International Airlines Group
International Consolidated Airlines Group S.A., trading as International Airlines Group and usually shortened to IAG, is an English-Spanish multinational airline holding company with its registered office in Madrid, Spain, and its corporate headquarters in London, England. It was formed in January 2011 after a merger agreement between British Airways and Iberia, the flag carriers of the United Kingdom and Spain respectively, when British Airways and Iberia became wholly owned subsidiaries of IAG. British Airways shareholders were given 55% of the shares in the new company.
| Company type | Sociedad Anónima |
|---|---|
Traded as | BMAD: IAG LSE: IAG IBEX 35 component FTSE 100 component |
| ISIN | ES0177542018 |
| Industry | Aviation |
| Predecessor | British Airways and Iberia |
| Founded | 21 January 2011 |
| Headquarters | Madrid, Spain Registered office London, England, UK Corporate headquarters |
Area served | Worldwide |
Key people | Javier Ferrán (Chairman) Luis Gallego (CEO) |
| Services |
|
| Revenue | €29.453 billion (2023) |
| €3.507 billion (2023) | |
Net income | €2.655 billion (2023) |
| Owner | As of May 2021:
|
Number of employees | 69,762 (2023) |
| Subsidiaries |
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| Website | www |
Since its creation, IAG has expanded its portfolio of operations and brands by purchasing other airlines – BMI (2011), Vueling (2012) and Aer Lingus (2015). The Group also owns the Level brand and Avios, the IAG rewards programme.
The company is listed on the London Stock Exchange and the Madrid Stock Exchange. It is a constituent of the FTSE 100 Index and IBEX 35 Index.