AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Dividend Growth: IAG proposes a final dividend of €0.06 per share for 2024, bringing the full-year dividend to €0.09 per share (€435 million total).
- Share Buyback Programme: A €1 billion share buyback plan will be implemented over the next 12 months.
- Balance Sheet: Net leverage reduced to 1.1x in 2024, with further debt reduction through bond buybacks and maturities in early 2025.
International Consolidated Airlines Group, S.A. (LSE:IAG) has announced a series of shareholder-focused initiatives, reflecting its robust financial position and confidence in long-term growth. The company has proposed a final dividend of €0.06 per share for 2024, bringing the total annual dividend to €0.09 per share, amounting to a €435 million payout, subject to shareholder approval at the upcoming Annual General Meeting.
Shareholders on record as of 27 June 2025 will receive the final dividend on 30 June 2025, with a 19% withholding tax applied, resulting in a net payout of €0.0486 per share.
In addition to the dividend, IAG has unveiled a €1 billion share buyback programme set to roll out over the next 12 months, further emphasizing the company’s commitment to delivering sustainable value to investors.
Financial Results Drive Shareholder Returns
The decision to reward shareholders comes on the back of IAG’s financial performance and disciplined capital management. The company ended 2024 with a net leverage ratio of 1.1x, significantly improving from 1.7x in 2023 and 3.1x in 2022. This achievement surpassed IAG’s target to stay below 1.8x net leverage through the cycle, and both Moody's and S&P upgraded the company’s credit rating during the year.
To reinforce its financial stability, IAG carried out a €577 million bond buyback across its 2027 and 2029 bonds, reducing gross debt. Additionally, with a €500 million bond maturing in March 2025, the company is on track to further cut its leverage, targeting long-term financial flexibility.
Investing in Future Growth
IAG balanced shareholder returns with continued investment in its business. In 2024, the company allocated €781 million toward customer experience enhancements, including IT upgrades, and spent €2.04 billion on fleet expansion, adding 19 new aircraft to its lineup.
