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The document details revenue, free cash flow, earnings, dividends, and non-financial measures such as Net Promoter Score, alongside operating profit and adjusted earnings per share. It also outlines the management report requirements under Spanish law, describes principal risks and uncertainties, and includes sustainability reporting aligned with EU CSRD, covering environment, social, and governance topics and assurance reports.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/international-airlines-group-annual-report-and-accounts-2025/563906/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/international-airlines-group-annual-report-and-accounts-2025/563906.png","ImageObject",442,249,{"name":88,"@type":89},"BAd apple","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-31","2026-10-12",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",10,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What are the key performance highlights presented in the Annual Report and Accounts 2025?","Question",{"text":109,"@type":110},"The report highlights strong overall performance including revenue, free cash flow, earnings metrics, dividends, operating profit, and non-financial performance measured by Net Promoter Score (NPS). It also references cash return and share buyback activity during 2025.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How does the Management Report requirement apply to IAG?",{"text":114,"@type":110},"IAG prepares the Management Report in accordance with specified Spanish legal requirements. The report includes a fair review of business progress and group performance and describes principal risks and uncertainties, considering guidance issued by the CNMV.",{"name":116,"@type":107,"acceptedAnswer":117},"What framework governs the Sustainability Statement in this report?",{"text":118,"@type":110},"The Sustainability Statement is prepared on a voluntary basis in line with the EU Corporate Sustainability Reporting Directive (CSRD). It is also described as complying with relevant Spanish non-financial and diversity information regulations and includes sections covering environment, social, and governance themes.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},563906,1792092541,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":142},19241458193282,"https://us-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","We connect what matters  \nAnnual Report and Accounts 2025  \nStrategic Report  \nCorporate Governance  \nFinancial Statements  \nSustainability Statement  \nContents  \nStrategic Report  \n\n| 2 Performance highlights |\n| --- |\n| 3 Chairman’s letter |\n| 5 Our purpose |\n| 6 Our connections |\n| 8 At a glance |\n| 10 Chief Executive Officer’s review |\n| 14 Business model |\n| 16 Strategy |\n| 18 Capital allocation |\n| 20 Management Committee |\n| 22 Stakeholder engagement |\n| 28 Financial overview |\n| 30 Financial review |\n| 42 Regulatory environment |\n| 46 British Airways |\n| 48 Iberia |\n| 50 Vueling |\n| 52 Aer Lingus |\n| 54 LEVEL |\n| 56 IAG Loyalty |\n| 58 IAG Cargo |\n| 60 IAG Transform |\n| 62 Sustainability |\n| 71 Risk management and principal risk factors |\n\nCorporate Governance  \n\n| 91 Chairman’s introduction to Corporate Governance |\n| --- |\n| 93 Our Board of Directors |\n| 96 Corporate Governance |\n| 111 Report of the Nominations Committee |\n| 115 Report of the Environment and Corporate Responsibility Committee |\n| 118 Report of the Audit and Compliance Committee |\n| 128 Report of the Remuneration Committee |\n| Consolidated Financial Statements |\n| 152 Consolidated income statement |\n| 153 Consolidated statement of other comprehensive income |\n| 154 Consolidated balance sheet |\n| 155 Consolidated cash flow statement |\n| 156 Consolidated statement of changes in equity |\n| 158 Notes to the consolidated financial statements |\n| 227 Alternative performance measures |\n| 234 Group investments |\n\nStatement of Directors’Responsibilities  \n\n| Independent Auditor’s Report |\n| --- |\n| Additional Information |\n| 248 Glossary |\n| 250 Aircraft fleet |\n| 251 Operating and financial statistics |\n| Limited Assurance Report on the Consolidated Non-Financial Information Statement and Sustainability Information |\n| Consolidated Non-Financial Information Statement and Sustainability Information |\n| 260 General requirements |\n| 270 Environment (Planet) |\n| 288 Social (People and prosperity) |\n| 306 Governance |\n| 311 Appendix |\n| 321 EU Taxonomy |\n| Shareholder Information |\n\n 331 Shareholder information   \nStrategic Report  \nCorporate Governance  \nFinancial Statements  \nSustainability Statement  \nManagement Report  \nIAG is required to prepare a Management Report in accordance with Article 262 of the Spanish Companies Act and Article 49 of the Spanish Commercial Code. Pursuant to this legislation, this Management Report must contain a fair review of the progress of the business and the performance of the Group, together with a description of the principal risks and uncertainties that it faces. In the preparation of this report, IAG has taken into consideration the guide published in 2013 by the Spanish National Securities Market Commission (CNMV) which establishes a number of recommendations for the preparation of management reports of listed companies.  \nView our online annual report at: [www.iairgroup.com/investors-and](www.iairgroup.com/investors-and)shareholders/financial-reporting/ annual-reports/  \nThe Management Report is composed of the following sections:   \n 8 At a glance   \n 14 Business model   \n 16 Strategy   \n 18 Capital allocation   \n 22 Stakeholder engagement   \n 28 Financial overview   \n 30 Financial review   \n 42 Regulatory environment   \n 46 British Airways   \n 48 Iberia   \n 50 Vueling   \n 52 Aer Lingus   \n 54 LEVEL   \n 56 IAG Loyalty   \n 58 IAG Cargo   \n 60 IAG Transform   \n 62 Sustainability   \n71 Risk management and principal risk factors  \n\n| 252 Independent assurance Report on the Consolidated Non-Financial Information Statement and Sustainability Information |\n| --- |\n| 259 Consolidated Non-Financial Information Statement and Sustainability Information |\n\nThe Annual Corporate Governance Report is part of this Management Report but has been presented separately. This report has been  \nfiled with the CNMV, together with the required statistical annex, in accordance with the CNMV Circular 2/2018, dated 12 June. The Annual Corporate Gover","cbCaifpkoFg7tRQu","https://ap.wps.com/l/cbCaifpkoFg7tRQu","pdf",21171058,334,"English","# Performance highlights\n## Chairman’s letter\n## Our purpose\n## Our connections\n## At a glance\n## Chief Executive Officer’s review\n## Business model\n## Strategy\n## Capital allocation\n## Management Committee\n## Stakeholder engagement\n## Financial overview\n## Financial review\n## Regulatory environment\n## British Airways\n## Iberia\n## Vueling\n## Aer Lingus\n## LEVEL\n## IAG Loyalty\n## IAG Cargo\n## IAG Transform\n## Sustainability\n## Risk management and principal risk factors\n# Corporate Governance\n## Chairman’s introduction to Corporate Governance\n## Our Board of Directors\n## Corporate Governance\n## Report of the Nominations Committee\n## Report of the Environment and Corporate Responsibility Committee\n## Report of the Audit and Compliance Committee\n## Report of the Remuneration Committee\n# Consolidated Financial Statements\n## Consolidated income statement\n## Consolidated statement of other comprehensive income\n## Consolidated balance sheet\n## Consolidated cash flow statement\n## Consolidated statement of changes in equity\n## Notes to the consolidated financial statements\n## Alternative performance measures\n## Group investments\n# Shareholder Information\n## Shareholder information","[{\"question\":\"What are the key performance highlights presented in the Annual Report and Accounts 2025?\",\"answer\":\"The report highlights strong overall performance including revenue, free cash flow, earnings metrics, dividends, operating profit, and non-financial performance measured by Net Promoter Score (NPS). It also references cash return and share buyback activity during 2025.\"},{\"question\":\"How does the Management Report requirement apply to IAG?\",\"answer\":\"IAG prepares the Management Report in accordance with specified Spanish legal requirements. The report includes a fair review of business progress and group performance and describes principal risks and uncertainties, considering guidance issued by the CNMV.\"},{\"question\":\"What framework governs the Sustainability Statement in this report?\",\"answer\":\"The Sustainability Statement is prepared on a voluntary basis in line with the EU Corporate Sustainability Reporting Directive (CSRD). It is also described as complying with relevant Spanish non-financial and diversity information regulations and includes sections covering environment, social, and governance themes.\"}]","International Airlines Group - Annual Report and Accounts 2025 | PDF",1791839209,117]