Earnings preview · IAG.MC
International Consolidated Airlines Group earnings preview (July 31): what analysts expect
International Consolidated Airlines Group S.A. reports its Jul-Sep 2026 quarter on Friday, July 31. Here is what the market expects and how it gets there, in charts.
InbestPlanners · Updated Nov 3, 2026 · 3 min read
Friday, July 31
Results day · call at 9:30 AM Madrid time · confirmed date
In 30 seconds
- Expected earnings per share: €0.29 (-1.0% on the same quarter a year ago).
- Expected sales: €9.7B (+4.0% year on year).
- It beat the earnings estimate in 1 of its last 4 quarters.
- The share arrives down 2.1% over three months and up 4.3% over a year.
Expected EPS
€0.29
-1.0% vs. a year ago
Expected sales
€9.7B
+4.0% y/y
Beat estimates
1 / 4
last quarters
Share, 12 months
+4.3%
Close €5.00
Earnings per share: expected against reported
Every quarter analysts publish how much they think International Consolidated Airlines Group will earn per share. The grey bar is their estimate; the coloured one, what the company reported. On the right, what they expect now (2 analysts), with the lowest and highest estimate.
Jul-Sep
2025
Miss
Oct-Dec
2025
Miss
Jan-Mar
2026
Beat
Apr-Jun
2026
Miss
Jul-Sep
2026
Now
In the last 4 quarters it beat the estimate 1 times. On average, reported earnings came in 34.7% above the estimate.
Sales and margins
Sales each quarter, in billions of EUR; the dotted bar is what is expected now: €9.7B, against €9.3B a year earlier.
Apr-Jun
2025
Jul-Sep
2025
Oct-Dec
2025
Jan-Mar
2026
Apr-Jun
2026
Jul-Sep
2026
| Quarter | Gross margin | Operating margin | Net income |
|---|---|---|---|
| Apr-Jun 2025 | 25.0% | 18.8% | €1.1B |
| Jul-Sep 2025 | 27.5% | 22.0% | €1.4B |
| Oct-Dec 2025 | 35.2% | 13.9% | €639.0M |
| Jan-Mar 2026 | 13.1% | 5.0% | €301.0M |
| Apr-Jun 2026 | 20.0% | 14.1% | €732.0M |
What to watch on July 31
- 01
Earnings per share
The benchmark is €0.29. Above it, the market reads "beat".
- 02
Sales
€9.7B expected. Profit can beat through cuts; sales tell whether the business grows.
- 03
Gross margin
Last quarter it was 20.0%. If it falls, it sells cheaper or produces at a higher cost.
Frequently asked questions
When does International Consolidated Airlines Group report earnings?
International Consolidated Airlines Group reports its Jul-Sep 2026 quarter on Friday, July 31. The analyst call is at 9:30 AM Madrid time.
What EPS do analysts expect from International Consolidated Airlines Group?
The consensus of 2 analysts is €0.29 per share, with estimates from €0.28 to €0.29. A year ago it was €0.29.
What sales are expected from International Consolidated Airlines Group?
Analysts expect sales of €9.7B, against €9.3B a year ago.
Does International Consolidated Airlines Group usually beat estimates?
In the last 4 quarters it beat the EPS estimate 1 times; on average reported earnings came in 34.7% above the estimate. Having done it before says nothing about this time.
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Information, not investment advice. Figures are the data provider's (analyst consensus and accounts published by International Consolidated Airlines Group S.A.) as of Nov 3, 2026; EPS is the one analysts compare and may differ from reported GAAP figures. Quarters are calendar quarters (Jul-Sep 2026), whatever the company's fiscal numbering. Past performance does not guarantee future results.