International Consolidated Airlines Group S.A. (IAGe)

International Airlines Group's revenue and earnings both trailed consensus in the second fiscal quarter of 2026, reported July 31. Revenue rose 0.2% to EUR 8.883 billion from EUR 8.862 billion a year ago, but revenue of EUR 8.883 billion trailed the EUR 9.683 billion estimate, -8.3%; gross profit reached about EUR 2.7 billion, leaving gross margin near 30%, and operating income came to about EUR 1.6 billion with operating margin around 18%. Net income fell 7.6% to about EUR 1.0 billion from EUR 1.125 billion a year ago, while EPS of EUR 0.23 trailed the EUR 0.28 estimate, -19%, and was down 4.2% from EUR 0.24 a year ago. Operating cash flow was EUR 4.224 billion, the company paid about EUR 210 million in dividends, and next-period consensus is EPS of EUR 0.12 on revenue of EUR 8.245 billion.