International Airlines Group

International Airlines Group
legal form	Sociedad Anónima
ISIN	ES0177542018
founding	2011
Seat	Madrid , Spain
management	Antonio Vázquez Romero ( Chairman ) Willie Walsh ( CEO )
Number of employees	64,734
sales	24.406 billion euros (2018)
Branch	aviation
Website	www.iairgroup.com
As of December 31, 2018

The International Consolidated Airlines Group SA , shortly International Airlines Group , or IAG , is a holding company for several airlines . IAG is based in Madrid and its corporate headquarters are in London . With over 905 aircraft and 101 million passengers per year, IAG is the third largest European aviation group after Ryanair and Lufthansa .

history

IAG was created through the merger of the two airlines British Airways and Iberia , which were retained as IAG brands with their own names. The company was entered in the Commercial Register on January 21, 2011 , and trading began on January 24, 2011 in Madrid and London, the headquarters of the two airlines.

On December 22, 2011, IAG and Lufthansa announced the takeover of British Midland Airways, which had previously been owned by Lufthansa, by British Airways . British Airways paid Lufthansa a sum of 207 million euros for this. On March 30, 2012 the EU Commission approved the purchase. In return, IAG had to surrender 14 take-off and landing rights at London Heathrow Airport .

In March 2013, the International Airlines Group increased its stake in the Spanish low-cost airline Vueling to over 90 percent and thus became the majority owner.

On January 30, 2015, Qatar Airways bought 9.99% of the shares in IAG and increased this stake to 15% in 2016, to 20% in 2017 and to 25% in 2020.

In September 2015, IAG completed the acquisition of Aer Lingus . The purchase price was 1.4 billion euros.

Airlines of the group

• British Airways
  • BA CityFlyer
  • OpenSkies
  • Sun Air ( franchise )

• Iberia
  • Iberia Express

• Air Europa
  • Air Europa Express

• Vueling Airlines
  • Level Europe
• Level

• Aer Lingus

• IAG Cargo ( freight )
  • British Airways World Cargo (cargo)
  • Iberia Cargo (freight)

IAG also has an 18% stake in the South African Comair (since 2000).

Fleet policy

The fleet currently consists of 356 short- and medium-haul aircraft and 549 long-haul aircraft. The long-haul aircraft fleet is to be expanded to 716 and modernized at the same time by 2023. IAG will gradually phase out the Boeing 747-400 and Airbus A340 sub-fleets at British Airways and Iberia by 2023 and 2022 respectively.

Passenger volume and total sales

Basic data

Seat load factor	82 percent (2016)
Freight volume	0.849 million tons (2016)
Group results (in euros )	485 million (2011) 923 million (2012) 147 million (2013) 1,003 million (2014) 1,516 million (2015) 1.952 million (2016)

year	Passenger volume	Total sales
2011	051,687,000	16.339 billion euros
2012	054,600,000	18.117 billion euros
2013	067,224,000	18.675 billion euros
2014	077,334,000	20.170 billion euros
2015	088,333,000	22.858 billion euros
2016	100,675,000	22.567 billion euros
2017	104,829,000	22,972 billion euros
2018	112,920,000	24,258 billion euros
2019	118,253,000	25,506 billion euros

Shareholder structure

As of February 2020, the most important shareholders are:

Shareholders	proportion of
Qatar Airways	25.01%
Capital Research and Management Company (CRMC), of which 7.175% through stake in the EuroPacific Growth Fund	10.01%
EuroPacific Growth Fund (managed by Capital Research and Management Company)	05.26%
BlackRock, Inc.	03.12%

Web links

• Official website of the International Airlines Group (English, Spanish)

Individual evidence

1. ↑ ^{a b} Annual Report 2018. (PDF) In: International Airline Group. Retrieved September 2, 2019 . 
2. ↑ aero.de - British Airways and Iberia entered as IAG in the commercial register on January 21, 2011
3. ↑ EU allows Lufthansa to sell BMI to British Airways . reuters.com, accessed June 1, 2017
4. ↑ airliners.de - IAG takes over majority in Spanish low-cost airline Vueling April 23, 2013
5. ↑ aeroTELEGRAPH: What does Qatar Airways want with IAG? , accessed January 30, 2015
6. ↑ aeroTELEGRAPH: "Eurowings lacks the low cost base of a low-cost airline" , accessed on June 8, 2016
7. ↑ Economy: Qatar: Where the dwarf state is involved everywhere In: Spiegel Online , June 6, 2017, accessed on June 9, 2017.
8. ↑ Aero: Participation: Qatar Airways increases its stake in IAG to 25 percent , accessed on February 19, 2020
9. ↑ International Airlines Group (IAG) centreforaviation.com, accessed on December 29, 2017 (English)
10. ↑ British Airways will receive four Airbus A350-1000s in 2019 . In: aero.de . November 5, 2018 ( aero.de [accessed November 5, 2018]).
11. ↑ Significant Holdings iairgroup.com, accessed on 30 December 2017
12. ↑ Qatar Airways: Share in British Airways parent IAG rises to 25.1 percent. In: manager-magazin.de. February 19, 2020, accessed February 25, 2020 .