International Consolidated Airlines Group S.A. (IAG.L) Bundle
Discover how International Consolidated Airlines Group S.A. (IAG) leverages a portfolio of iconic carriers-British Airways, Iberia, Vueling, Aer Lingus and LEVEL-to translate a clear mission of connecting people, businesses and countries into measurable scale, operating to more than 250 destinations, carrying over 115 million passengers in 2023 and employing approximately 71,000 people worldwide, while a light central structure focuses capital allocation, performance and sustainability; grounded in a mission that treats aviation as a force for good, a vision to be the leading airline group on sustainability with targets including 10% SAF by 2030 and net‑zero CO₂ by 2050, and core values of innovation, responsibility, care for people and execution that shape safety, customer experience and long‑term returns-dive into the following sections to see how these numbers, ambitions and principles drive strategy, operations and stakeholder value.
International Consolidated Airlines Group S.A. (IAG.L) - Intro
International Consolidated Airlines Group S.A. (IAG.L) is one of the world's largest airline groups, bringing together British Airways, Iberia, Vueling, Aer Lingus and LEVEL under a single listed holding. The group's model centralises capital allocation, sustainability agenda and strategic direction at IAG while its operating airlines run customer-facing networks and execution within a light central governance framework.- Scale and reach: in 2023 IAG served more than 250 destinations and carried over 115 million passengers.
- People: approximately 71,000 employees worldwide (2023).
- Corporate structure: IAG sets capital allocation, group-wide performance targets, sustainability and innovation priorities; operating companies execute market-level strategies.
- Climate commitment: net‑zero CO₂ emissions target by 2050 and industry-leading climate action commitments across fuels, operations and fleet renewal.
| Metric | Value (2023) | Notes |
|---|---|---|
| Passengers carried | 115,000,000+ | Group total across all airlines |
| Destinations served | More than 250 | Short-, medium- and long-haul combined |
| Employees | ~71,000 | Global workforce across brands and functions |
| Net‑zero target | 2050 | Group-wide CO₂ ambition |
| Group role | Holding company | Capital allocation, sustainability, innovation, shareholder returns |
- Mission: connect people, businesses and countries - using aviation as a force for good to enable personal and professional connections, support global trade and encourage discovery of new places, ideas and experiences.
- Vision: be the leading European airline group delivering superior returns for shareholders through a portfolio of complementary airlines, operational excellence and continuous innovation.
- Core values embedded across the group: safety, customer focus, integrity, teamwork and sustainability-centered decision making.
- Centralised capital allocation - IAG directs investment to fleet renewal, sustainable aviation fuels (SAF) sourcing and digital platforms to scale benefits across brands.
- Light central governance - reduces duplication and preserves airline-level commercial agility while delivering group synergies in purchasing, maintenance and IT.
- Accountability at airline level - operating companies deliver tailored network strategies, customer propositions and local execution aligned to group targets.
- Fleet renewal and efficiency - large-scale fleet investment programs to replace older aircraft with more fuel-efficient types.
- Sustainable Aviation Fuel (SAF) scaling - sourcing, offtake agreements and partnerships to grow SAF availability and lower lifecycle emissions.
- Operations & infrastructure - continuous improvements in ground operations, ATC collaboration and weight/route optimisation to cut fuel burn.
- Offsets and carbon programmes - transitional measures while SAF and technology scale up, integrated into the net‑zero roadmap.
International Consolidated Airlines Group S.A. (IAG.L) - Overview
International Consolidated Airlines Group S.A. (IAG.L) frames its corporate purpose around connecting people, businesses and countries through aviation while driving sustainable long‑term value for shareholders, employees and communities. The stated mission centers on aviation as a force for good: enabling personal and commercial connections, supporting global trade and cultural exchange, and delivering jobs and prosperity across its network of airlines and loyalty programmes.- Mission focus: use aviation to connect people, businesses and countries while delivering superior customer experiences and sustainable growth.
- Sustainability pledge: committed to net‑zero CO₂ emissions by 2050 and progressive interim SAF and efficiency targets.
- Heritage and leadership: steward of iconic carriers and loyalty programmes, leveraging cultural and technological heritage to innovate service and operations.
- Customer experience: unified investments across brands (British Airways, Iberia, Aer Lingus, Vueling, LEVEL, etc.) to modernize cabins, lounges and digital services.
- Decarbonization roadmap: fleet renewal, operational efficiency, Sustainable Aviation Fuel (SAF) scaling, and carbon offsetting where necessary.
- Commercial growth: network optimisation, loyalty programme expansion (e.g., Avios), and cargo/business travel focus to capture post‑pandemic demand.
| Metric | Value (approx., latest disclosed year) |
|---|---|
| Annual revenue | €22.1 billion (FY 2023) |
| Underlying EBIT / Operating result | ~€1.3 billion (FY 2023) |
| Passengers carried | ~90 million (calendar/FY 2023) |
| Group fleet (approx.) | ~540-570 aircraft (end 2023) |
| Employees | ~55,000-58,000 (headcount, end 2023) |
| Net‑zero target | 2050 (group commitment) |
| SAF target | 10% of jet fuel by 2030 (group ambition) |
- Environmental: net‑zero 2050, SAF procurement agreements, fleet renewal (A350, A320neo family), operational fuel-efficiency measures and participation in industry climate initiatives.
- Social: safety and inclusion policies, workforce upskilling, and support for communities impacted by its operations.
- Governance: group oversight of sustainability goals, transparent reporting, and alignment with investor expectations on climate risk and transition planning.
International Consolidated Airlines Group S.A. (IAG.L) - Mission Statement
International Consolidated Airlines Group S.A. (IAG.L) positions its mission around creating a high-quality, globally competitive airline group that delivers superior customer experience, strong financial returns and a leadership role in sustainable aviation. The mission emphasises brand strength, platform efficiency, innovation and measurable climate action to meet customer expectations and investor requirements.- Deliver world‑class service across a diversified brand portfolio (British Airways, Iberia, Aer Lingus, Vueling, LEVEL).
- Drive sustainable growth and long‑term shareholder value via scale, centralised platforms and disciplined capital allocation.
- Lead the industry transition to lower‑carbon flying through technology, operational improvements and SAF deployment.
- Becoming a leading airline group on sustainability and driving system‑wide change in aviation.
- Achieving top‑tier customer satisfaction and improved financial returns through innovation and operational efficiency.
- Strengthening a portfolio of world‑class brands, expanding global leadership positions and enhancing a central platform to scale benefits across the group.
- Ambitious SAF targets as a signaling mechanism and delivery pathway for decarbonisation.
| Metric / Target | Detail |
|---|---|
| Net‑zero target | Net zero CO2 emissions by 2050 (group commitment) |
| Sustainable Aviation Fuel (SAF) | 10% SAF by 2030; aiming for 70% SAF by 2050 |
| Fleet size (approx.) | 520+ aircraft across group airlines |
| Core brands | British Airways, Iberia, Aer Lingus, Vueling, LEVEL |
| Central platform focus | Revenue generation & cost synergies via centralised services and joint procurement |
- Customer experience focus: investments in cabins, digital services and lounges to raise Net Promoter Scores and yield per passenger.
- Capital allocation: balancing fleet renewal, SAF purchase commitments and shareholder returns to lift ROIC and margin.
- Risk management: fuel hedging, currency management and diversified route network to stabilise earnings against cyclical demand swings.
International Consolidated Airlines Group S.A. (IAG.L) - Vision Statement
International Consolidated Airlines Group S.A. (IAG.L) envisions being a leading, customer‑centric global airline group that delivers safe, sustainable, and profitable air travel while creating long‑term value for shareholders, employees, customers and communities. The vision drives strategy across network, product, sustainability and digital transformation initiatives and is reinforced by explicit core values that shape behaviors, decisions and measurable outcomes.- Innovation - embed new technologies and business models to enhance customer experience and operational efficiency.
- Commitment - deliver on promises to customers, employees and investors through disciplined execution.
- Care for people - prioritise safety, wellbeing and development of employees and passengers.
- Responsibility - integrate environmental and social considerations into strategic decisions and operations.
- Pragmatism & Execution - focus on practical, data‑driven solutions and fast implementation.
- Ambition & Resilience - grow market position while maintaining financial strength and the ability to adapt to shocks.
- Safety first - continual investment in training, fleet maintenance and operational controls to protect people and assets.
- Sustainability - targets for net zero carbon emissions, fleet renewal, sustainable aviation fuels (SAF) uptake, and carbon reduction pathways.
- Customer attentiveness - product and service enhancements guided by regular NPS/CSAT tracking and targeted investments in lounges, cabins and digital channels.
| Metric | FY 2023 | FY 2022 | Notes |
|---|---|---|---|
| Total revenue | €17.1 billion | €10.1 billion | Group revenues reflecting post‑pandemic recovery and higher demand |
| Underlying EBIT | €1.0 billion | €(0.7) billion | Return to positive underlying profitability driven by capacity growth and ancillary revenue |
| Profit/(Loss) after tax | €0.4 billion | €(1.2) billion | Net result affected by exceptional items and fuel costs |
| Net debt | €5.3 billion | €5.9 billion | Improving leverage as cash generation strengthens |
| Passengers carried | ~120 million | ~80 million | Recovery toward pre‑pandemic volumes; mix across short‑haul and long‑haul brands |
| Fuel & CO2 initiatives | SAF agreements, fleet renewal orders | Increased operational efficiency projects | Targets to reduce net CO2 intensity and reach longer‑term net zero ambitions |
- Safety metrics - IFRS/operational safety KPIs, incident reporting rates and training completion targets.
- Sustainability metrics - CO2 per RPK, SAF uptake volumes, and Scope 1-3 emissions reporting.
- People metrics - employee engagement scores, diversity & inclusion indicators, training hours per employee.
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