The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

IAG.L

Concerning the House

International Consolidated Airlines Group S.A., together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the North Atlantic, Latin America, the Caribbean, Europe, Africa, the Middle East, South Asia, the Asia Pacific, and internationally. It operates through British Airways, Iberia, Vueling, Aer Lingus, and IAG Loyalty segments. The company manufactures, repairs, maintains, overhauls, retrofits, repurposes, upgrades aircraft, and aircraft parts and equipment. In addition, it provides airline operations, insurance, aircraft leasing, aircraft maintenance, tour operation, air freight operations, call center, ground handling, trustee, retail, IT, finance, flight procurement, storage, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty reward currency. The company was incorporated in 2009 and is headquartered in Harmondsworth, the United Kingdom.

United Kingdom · www.iairgroup.com

The Ledger
LineJun 2025Sep 2025Dec 2025Mar 2026
Revenue$8.86B$9.33B$7.98B$7.18B
Gross profit$2.22B$2.56B$2.81B$937.00M
Operating income$1.67B$2.06B$1.11B$358.00M
Net income$1.12B$1.40B$639.00M$301.00M
Diluted EPS0.300.06
Quotation

$442.50

+0.50 (+0.1%)

52w hi$488.00
52w lo$342.26
Vol7.22M
As ofAug 13
The Verdict

Hold

Our score +0.17

Short-0.06
Medium+0.19
Long+0.60

computed 2026-08-13

By the Numbers

International Consolidated Airlines Group S.A.

Industrials · Airlines

Market cap$19.44B
Enterprise value$24.26B
Trailing P/E8.05x
Forward P/E6.58x
EV / EBITDA3.82x
P / S (ttm)0.58x
Profit margin9.2%
Return on equity42.1%
Revenue growth+0.2%
Earnings growth-33.8%
Debt / equity160.66
Risk Metrics
Beta vs SPX0.68
Corr SPX0.32
Annual vol35.0%
Annual ret+55.5%
Sharpe1.58
Max DD-38.3%

Window: 504 trading days (491 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.45
Sector+0.07
Technical+0.04
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$443.90$447.90$441.30$442.507.22M
Aug 12$440.70$445.70$439.90$442.006.75M
Aug 11$433.80$443.60$432.40$440.006.68M
Aug 10$442.80$443.20$436.20$436.304.01M
Aug 7$443.70$447.00$439.10$442.406.17M