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International Consolidated Airlines Group S.A. (ICAGY) Q2 2026 Earnings Call Transcript

International Consolidated Airlines (IAG) share price dropped to 414p and then bounced back after the company published mixed financial results amid the ongoing US-Iran war. IAG was trading at 435p at the time of writing, down by 12% from its highest point this year.

International Airlines Group said the conflict weighed on capacity in the first half, but its British Airways business was boosted by corporate travelers avoiding the Middle East.

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.