IAG - The Engine Cowl

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IAG

A collection of 3 posts

How will Europe's three network carrier groups rank post-consolidation?

How will Europe's three network carrier groups rank post-consolidation?

Europe’s three network carrier groups are in flux. Subject to regulatory approval, Lufthansa Group and Air France-KLM will take majority stakes in ITA Airways and SAS, respectively, while both have submitted bids for TAP Air Portugal. What will happen to the relative size of the three groups after

European network airlines Q2: Strong revenue performance partially offsets higher fuel prices

European network airlines Q2: Strong revenue performance partially offsets higher fuel prices

Margin performance hit by higher fuel costs All three major European network airline groups saw operating margin fall year-on-year (YoY) as fuel costs rose but strong premium and long-haul revenue were able to offset much of the damage. Unsurprisingly, IAG delivered the highest margin and the smallest

Stronger Q1 performance across Europe's network airline groups

Stronger Q1 performance across Europe's network airline groups

With all three European network airline groups having reported their Q1 2026 results, The Engine Cowl looks at the key takeaways. IAG leads performance IAG continued to outperform Air France-KLM and Lufthansa Group, posting the only positive operating margin of the three businesses. Nevertheless, all three groups improved margin