IAG posts record results as British Airways plans Boeing 787 expansion at Gatwick

International Airlines Group (IAG), the parent company of British Airways and Aer Lingus, has reported record financial results for the year ended 31 December 2025, highlighting sustained demand for air travel and setting out ambitious fleet and network plans – including the deployment of new Boeing 787s at London Gatwick.

The group, which also owns Iberia, Vueling and LEVEL, recorded revenues of €33.2 billion for the year, up 3.5 per cent, while operating profit before exceptional items reached €5.0 billion. Net profit after tax rose by more than 22 per cent to €3.34 billion, underlining what IAG described as a strong operational and commercial performance across its portfolio of airlines.

British Airways remained central to the group’s success. The UK flag carrier delivered operating profit of more than £2.2 billion, slightly ahead of the previous year, supported by resilient premium demand and a stable long-haul network. Passenger numbers increased to more than 46 million across 2025, reflecting steady growth from both leisure and business markets.

Looking ahead, British Airways’ fleet renewal plans are set to have a significant impact at Gatwick. The airline is progressing a long-term strategy that will see the first of 32 new Boeing 787-10 Dreamliners delivered to Gatwick from 2029 onwards. The aircraft will replace older Boeing 777-200s and are expected to deliver improved fuel efficiency, lower emissions and enhanced passenger comfort. The move represents a notable commitment to Gatwick’s long-haul operation, positioning the airport for a new generation of widebody services under the British Airways brand.

Aer Lingus also recorded solid gains during the year, contributing positively to group profitability. The Irish carrier saw passenger numbers rise to more than 11 million and reported improved operating results, driven largely by continued strength in its transatlantic network and stable performance across short-haul European routes. Aer Lingus has continued to strengthen Dublin’s role as a transatlantic gateway, building on demand between Ireland, North America and key UK markets.

Across the wider group, Iberia delivered another strong performance on long-haul services, particularly to Latin America, while Vueling maintained its position as a leading low-cost carrier in Spain and key European markets. LEVEL, IAG’s long-haul low-cost brand, continued to consolidate its presence, contributing to the group’s diversified revenue base.

Investment remained a central theme of the year, with IAG committing approximately €3.4 billion to new aircraft, product improvements and digital initiatives. The group has continued to modernise its fleet, improve onboard connectivity and enhance the customer experience, while maintaining a focus on cost discipline and balance sheet strength.

IAG ended the year with reduced net debt and leverage comfortably within target levels. Reflecting confidence in its financial position, the board announced further returns to shareholders, including a share buyback programme and an increased dividend.

With record profitability, continued fleet renewal and a clear commitment to modern, fuel-efficient aircraft such as the Boeing 787 at Gatwick, IAG enters 2026 in a strong position – with British Airways and Aer Lingus at the forefront of its next phase of growth.