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British Airways owner International Consolidated Airlines Group SA (LSE:IAG) and other European airline shares could have further to rise as lower fuel costs and resilient travel demand improve the sector's earnings outlook heading into the second half of the year, according to UBS. The Swiss bank said investors had become more constructive on the sector over the past month, helped by a sharp decline in oil prices…

Investors have continued to unwind bearish bets against European airlines over the past month, according to Citi. The bank published fresh positioning data, drawn from its quantitative team, showing how investors are betting on the sector.

International Consolidated Airlines Group S.A. (ICAGY) Shareholder/Analyst Call Transcript

International Consolidated Airlines Group S.A. delivered robust Q1 results, with operating profit up to €351 million and resilient premium passenger demand. Its strong balance sheet, 70% fuel hedge for 2026, and limited Middle East exposure position it favorably versus EU peers amid ongoing geopolitical risks. Q2 booked revenue aligns with historical levels, net debt/EBITDA improved to 0.5x, and FCF yield stands at…

Shares in International Consolidated Airlines Group SA (LSE:IAG), the owner of British Airways and Iberia, rose 6% to 408p after the company announced an offer to repurchase the entirety of its outstanding 2028 convertible bond, a move that would meaningfully reduce its diluted share count. IAG has offered to buy back the full €825 million principal of its 1.125% convertible bond, due May 2028, at a repurchase price…