IAG Completes €500 Million Share Buyback Ahead of Planned Capital Reduction

Tip Ranks
2026.05.15 11:12
portai
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International Consolidated Airlines Group (IAG) has completed a €500 million share buyback, acquiring 2.53% of its issued share capital. The repurchased shares will be held in treasury and are set for cancellation after shareholder approval at the annual meeting. This move aims to enhance earnings per share and reflects confidence in IAG's financial position. Analysts rate IAG stock as a Buy with a £4.60 price target, though concerns about leverage and market conditions persist.