International Consolidated Airlines Group SA

International Consolidated Airlines Group S.A. is a British-Spanish multinational airline holding company headquartered in London with its registered office in Madrid. Formed in 2011 through the merger of British Airways and Iberia, it serves as the parent entity for a portfolio of prominent airlines including British Airways, Iberia, Aer Lingus, Vueling, and LEVEL, alongside non-airline units like IAG Cargo and IAG Loyalty, which manages the Avios frequent-flyer program. The group operates a fleet of over 600 aircraft, connecting 259 destinations across 91 countries with more than 74,000 employees, focusing on hubs in London Heathrow, Gatwick, Madrid, Barcelona, and Dublin. Its business model emphasizes a light central structure with agile, brand-specific operating companies accountable for performance, enabling efficiency, innovation, and consolidation in the aviation sector. IAG holds leadership in key markets like the North Atlantic, South Atlantic, and intra-European routes, deriving significant revenue from the United Kingdom while fostering global trade and connectivity through passenger, cargo, and loyalty services.