International Airlines Group#Group frequent-flyer programme

{{See also|History of British Airways|History of Iberia Airlines}}

File:British Airways Iberia aircraft tails BA IB.jpg

British Airways and Iberia signed a preliminary merger agreement in November 2009.{{cite news|url=http://uk.reuters.com/article/uk-ba-iberia-idUKLC09201720091112|archive-url=https://web.archive.org/web/20160809184420/http://uk.reuters.com/article/uk-ba-iberia-idUKLC09201720091112|url-status=dead|archive-date=9 August 2016|title=British Airways, Iberia agree to £4 billion merger|access-date=7 November 2011|publisher=Reuters|date=12 November 2009}}{{cite news|url=https://www.telegraph.co.uk/finance/newsbysector/transport/6557766/BA-Iberia-4.4bn-merger-creates-Europes-third-largest-airline.html|title=BA-Iberia £4.4bn merger creates Europe's third-largest airline|access-date=7 November 2011|work=The Telegraph|date=13 November 2009|location=London|first=Alistair|last=Osborne}}{{cite news|url=http://news.bbc.co.uk/1/hi/business/8356780.stm|title=BA and Iberia agree merger deal|access-date=7 November 2011|work=BBC News|date=12 November 2009}} In April 2010, they signed a full merger agreement, with an intended completion date of late 2010, subject to securing the necessary regulatory approvals.{{cite news|url=http://news.bbc.co.uk/1/hi/business/7530961.stm|title=BA's Iberia tie-up nears lift-off|access-date=7 November 2011|work=BBC News|date=8 April 2010|first=Robert|last=Plummer}}{{cite news|url=https://www.telegraph.co.uk/finance/newsbysector/epic/bay/7568812/BA-and-Iberia-sign-5.8bn-merger-deal.html|title=BA and Iberia sign €5.8bn merger deal|access-date=7 November 2011|work=The Telegraph|date=9 April 2010|location=London|first=Alistair|last=Osborne}} The merger between British Airways and Iberia was completed on 21 January 2011, and shares in the new holding company IAG began trading in London and Madrid on 24 January.{{cite news|url=http://www.businessweek.com/news/2011-01-24/ba-iberia-overtakes-air-france-by-value-as-iag-debuts.html|archive-url=https://web.archive.org/web/20110127044300/http://www.businessweek.com/news/2011-01-24/ba-iberia-overtakes-air-france-by-value-as-iag-debuts.html|url-status=dead|archive-date=27 January 2011|title=BA-Iberia Overtakes Air France by Value as IAG Debuts|access-date=7 November 2011|publisher=Bloomberg Businessweek|date=24 January 2011}}{{cite news|url=http://uk.reuters.com/article/uk-ba-iberia-idUKTRE70N1M920110124|archive-url=https://web.archive.org/web/20160307095753/http://uk.reuters.com/article/uk-ba-iberia-idUKTRE70N1M920110124|url-status=dead|archive-date=7 March 2016|title=Deals and strikes loom for IAG after BA-Iberia merger|access-date=7 November 2011|publisher=Reuters|date=24 January 2011}}{{cite news|url=http://www.iol.co.za/business/international/british-airways-iberia-merge-effective-1.1015445|title=British Airways, Iberia merge effective|access-date=7 November 2011|work=The Independent|date=22 January 2011}}

On 6 October 2011, IAG created Iberia Express, a new low-cost airline to operate short- and medium-haul routes from IAG's Madrid hub and provide transfer feed onto Iberia's longhaul network.{{cite news|url=https://www.reuters.com/article/iag-bmi-idUSL6E7M40M720111104|title=IAG sets up short-haul carrier Iberia Express|access-date=4 November 2011|publisher=Reuters|date=6 October 2011|first=Rhys|last=Jones}}{{cite news|url=http://www.ft.com/cms/s/0/257d39ba-f03c-11e0-96d2-00144feab49a.html?ftcamp=rss#axzz1aILMDTVi|access-date=8 October 2011|title=Iberia to launch low-cost airline|newspaper=Financial Times|date=6 October 2011}} Iberia Express began operations on 25 March 2012.[https://www.bbc.co.uk/news/business-17496003 BBC News – Spanish new low-cost airline Iberia Express launched]. Bbc.co.uk (25 March 2012). Retrieved on 7 July 2012.[http://www.businesstraveller.com/news/iberia-express-to-launch-on-sunday Iberia Express to launch on Sunday]. Business Traveller (23 March 2012). Retrieved on 7 July 2012.

On 4 November 2011, IAG agreed in principle to acquire British Midland International (BMI) from Lufthansa, in a deal which would increase IAG's share of slots at Heathrow airport from 45% to 54%.{{cite news|url=https://www.reuters.com/article/iag-bmi-idUSL6E7M40M720111104|title=British Airways owner IAG to buy UK's bmi|access-date=4 November 2011|publisher=Reuters|date=4 November 2011|first=Rhys|last=Jones}}{{cite news|url=https://www.bbc.co.uk/news/business-15588645|title=BMI sold by Lufthansa to British Airways owner IAG|access-date=4 November 2011|work=BBC News|date=4 November 2011}} On 22 December 2011, IAG agreed a binding deal with Lufthansa to acquire BMI for £172.5 million.{{cite news|url=https://www.bbc.co.uk/news/business-16298167|title=British Airways owner IAG buys BMI from Lufthansa|access-date=22 December 2011 |work=BBC News|date=22 December 2011 }} On 30 March 2012, the purchase was approved, subject to the condition that the combined group divest itself of 12 daily slots and lease two daily slots at Heathrow airport. The acquisition was completed on 20 April 2012, and the BMI fleet and routes were integrated into the British Airways schedule throughout 2012.[https://www.theguardian.com/business/2012/apr/20/iag-bmi-acquisition-british-airways International Airlines Group completes bmi acquisition]. Guardian (20 April 2012). Retrieved on 7 July 2012. Slaughter and May advised IAG on the BMI acquisition.{{Cite web |date=2011-12-22 |title=International Airlines Group - Purchase of BMI |url=http://www.slaughterandmay.com/news-and-recent-work/recent-work/recent-work-items/2011/international-airlines-group---purchase-of-bmi.aspx |archive-url=https://web.archive.org/web/20120918020336/http://www.slaughterandmay.com/news-and-recent-work/recent-work/recent-work-items/2011/international-airlines-group---purchase-of-bmi.aspx |archive-date=2012-09-18 |access-date=2022-03-25 |website=Slaughter and May}}

File:Vueling Airlines Airbus A320-232.jpg Airbus A320-200]]

On 8 November 2012, IAG made a cash tender offer to buy Vueling, a Spanish low-cost airline based in Barcelona. The offer was €7 per ordinary share of Vueling, with the total cost of acquisition anticipated to be €113m. It was funded from internal IAG resources. The reported total assets of Vueling {{as of|2012|September|30|lc=y}} were €805m and in the nine months to 30 September 2012 it had generated profits before tax of €59m. An increased offer of €9.25 was accepted by the Vueling board on 9 April 2013, and received majority shareholder approval on 23 April 2013. IAG took control of Vueling on 26 April 2013.{{cite news |title=Spain's Vueling accepts takeover bid from IAG |author=Julien Toyer |url=https://www.reuters.com/article/us-vueling-iag-idUSBRE9380P020130409 |newspaper=Reuters |date=9 April 2013 |access-date=12 April 2013}}{{cite news |title=IAG ups bid for budget airline Vueling by one third |url=https://www.reuters.com/article/vueling-iag-idUSL6N0D916F20130423 |newspaper=Reuters |date=22 April 2013 |access-date=23 April 2013}}

In December 2012, IAG completed the merger of the cargo operations of British Airways, BMI and Iberia into a single business unit, IAG Cargo.{{cite news|url=http://www.logisticsmanager.com/Articles/Article.aspx?liArticleID=19610|title=IAG Cargo launched as cargo brand for BA and Iberia|access-date=12 October 2013|publisher=Logistics Manager|date=3 December 2012|url-status=dead|archive-url=https://archive.today/20131012182728/http://www.logisticsmanager.com/Articles/Article.aspx?liArticleID=19610|archive-date=12 October 2013}}{{cite news|url=http://www.aircargonews.net/news/single-view/news/iag-cargo-launches-brand.html|title=IAG Cargo launches brand|access-date=12 October 2013|publisher=Air Cargo News|date=5 December 2012}}

File:Airbus A330-202, Aer Lingus AN1195272.jpg Airbus A330-200]]

In January 2015, IAG made a bid of €1.36 billion for Aer Lingus. This was expected to be accepted, after the rejection of two prior bids.{{cite news|last1=Wall|first1=Robert|title=British Airways Parent IAG Moves a Step Closer to Buying Aer Lingus|url=https://www.wsj.com/articles/british-airways-parent-iag-moves-a-step-closer-to-buyin-aer-lingus-1422257330|access-date=26 January 2015|work=The Wall Street Journal|date=26 January 2015}} In May 2015, the Irish government agreed to sell its stake in Aer Lingus to IAG,{{cite news |author= |title=Ireland to sell Aer Lingus stake to IAG |url=https://www.bbc.co.uk/news/business-32892990 |newspaper=BBC News |date=26 May 2015 |access-date=27 May 2015}} as did the Aer Lingus board in late January 2015.{{cite news |last=Molloy |first=Antonia |date=27 January 2015 |title=Aer Lingus board backs takeover offer from BA owner IAG |url=https://www.independent.co.uk/news/business/news/aer-lingus-board-backs-takeover-offer-from-ba-owner-iag-10004839.html |newspaper=The Independent |access-date=27 May 2015 }} The takeover became irreversible on 18 August 2015.{{cite news |date=18 August 2015 |title=Aer Lingus joins IAG as shareholders approve deal|url=http://www.irishtimes.com/business/transport-and-tourism/aer-lingus-joins-iag-as-shareholders-approve-deal-1.2321087 |newspaper=The Irish Times|access-date=23 August 2015 }}

File:LEVEL, Airbus A330-202, EC-MOY (35010932651).jpg Airbus A330-200]]

In March 2017, it was announced that a new low cost longhaul airline named LEVEL was to start operating from Barcelona in June 2017.{{cite web|url=http://www.iairgroup.com/phoenix.zhtml?c=240949&p=irol-newsArticle_Print&ID=2254699 |title=IAG Printer Friendly Version - News Release |publisher=Iairgroup.com |date=17 March 2017 |access-date=8 April 2017}}

On 29 December 2017, it was announced that IAG bought major parts of defunct Austrian leisure airline Niki including 15 Airbus A321 aircraft and traffic rights in Düsseldorf, Munich, Vienna, Zürich and Palma de Mallorca. It is planned to establish a new Austrian subsidiary of Vueling as a replacement for Niki.[https://www.ch-aviation.com/portal/news/62934-iag-acquires-niki-in-365mn-deal ch-aviation.com - IAG acquires Niki in €36.5mn deal] 29 December 2017

In April 2018, it was reported that IAG was considering a takeover of Norwegian, a low-budget competitor to the group,{{cite news|last1=Paton|first1=Graeme|title=British Airways owner IAG considers takeover of Norwegian|url=https://www.thetimes.com/business-money/markets/article/british-airways-owner-iag-considers-takeover-of-norwegian-6w6kdvz9n|access-date=12 April 2018|publisher=The Times (UK)|date=12 April 2018}} however by early 2019 IAG had fully disposed of its stake in Norwegian.{{cite web |title=Full Year 2018 International Consolidated Airlines Group SA Earnings Call |url=https://finance.yahoo.com/news/edited-transcript-iag-l-earnings-211728346.html |website=Yahoo! Finance |access-date=10 March 2019}}

In June 2019, IAG signed a letter of intent to purchase 200 Boeing 737 MAX aircraft even though at the time of the signing the 737 MAX was still grounded worldwide following the two fatal crashes likely caused by the design of the MCAS system.{{cite web|last=Isidore |first=Chris |url=https://www.cnn.com/2019/06/18/business/boeing-737-max-sale/index.html |title=Boeing finds the first buyer for a 737 Max since its grounding |work=CNN|date=2019-06-18 |access-date=2020-02-27}} Aviation analysts have questioned IAG's leadership in making such an order when the 737 MAX design is still being rectified. IAG CEO Willie Walsh, shrugged off the plane's uncertain future. "We're partnering with the Boeing brand", he said. "That's the brand that I'm doing business with. That's the brand that I’ve worked with for years. And it's a brand that I trust".{{cite web|url=http://fortune.com/2019/06/19/boeing-737-max-planes-iag/ |title=Why This Airline CEO Just Bought 200 Boeing 737 MAX Planes—Despite Recent Issues |date=19 June 2019|publisher=Fortune|access-date=27 February 2020}}

At the 2019 Paris Air Show IAG also agreed to purchase 14 Airbus A321XLR aircraft, 8 for delivery to Iberia and 6 to Aer Lingus, with options for a further 14 of the aircraft.{{cite journal |title=A321XLR Steals Paris Show |journal=Airliner World |volume=August 2019 |page=6}}

In November 2019, IAG announced that it planned to acquire Air Europa from Globalia, for €1 billion. The deal, funded by external debt, and was expected to be completed in the second half of 2020, subject to regulatory approval.{{cite news|url=https://www.ft.com/content/7b130064-fed2-11e9-b7bc-f3fa4e77dd47|title=British Airways group to buy Air Europa for €1bn|newspaper=Financial Times|publisher=FT|date=1 November 2019|access-date=27 February 2020|last1=Georgiadis|first1=Philip}} On 20 January 2021, IAG announced that it had renegotiated its deal to acquire Air Europa (via Iberia) for €500 million as a result of the COVID-19 pandemic. It also negotiated to delay payment to Globalia for 6 years. Completion of the deal was expected to take place in the second half of 2021 with the acquisition subject to approval by the European Commission.{{Cite news|url=https://www.reuters.com/article/uk-aireuropa-m-a-iag-idUSKBN29P0W3|title=British Airways-owner IAG buys Air Europa in cut-price 500 million euro deal|newspaper=Reuters|date=20 January 2021|via=www.reuters.com}}{{cite web|url=https://www.businesstraveller.com/business-travel/2021/01/21/iag-agrees-amended-e500-million-deal-for-air-europa/|title=IAG agrees amended €500 million deal for Air Europa|date=21 January 2021|publisher=Business Traveller|access-date=23 June 2021}}

In September 2021, IAG announced that British Airways would terminate its major short- and medium-haul base operations at Gatwick Airport with immediate effect resulting in the cancellation of more than 30 routes. This came after labour negotiations regarding the handover of these operations, most of which were still suspended due to the COVID-19 pandemic, to a newly formed budget subsidiary within IAG failed.[https://www.aerotelegraph.com/british-airways-zieht-kurzstrecke-aus-london-gatwick-ab aerotelegraph.com - "Low cost carrier plan failed: British Airways moves short-haul out of Gatwick"] (German) 24 September 2021 In August 2022, IAG converted a loan to Air Europa into a 20% shareholding.[https://www.flightglobal.com/airlines/iag-takes-20-stake-in-air-europa/149861.article IAG takes 20 stake in Air Europa] FlightGlobal 16 August 2022

On February 23, 2023, IAG announced completion of a deal to purchase the remaining 80% of Air Europa for 400 million Euros.{{cite web|url=https://www.reuters.com/business/aerospace-defense/iag-agrees-buy-80-stake-air-europa-400-mln-euros-2023-02-23/|title=IAG agrees to buy 80% stake in Air Europa for 400 mln euros|date=23 February 2023|publisher=Reuters|access-date=5 March 2023}}

The European Commission, in January 2024, opened an in-depth investigation into proposed acquisition of Air Europa by IAG. Some of the markets competition concerns were: 1) Spanish domestic routes, including those between peninsular Spain and the Balearic and Canary Islands; 2) Short haul routes between Madrid and some of the main EEA, plus routes between Madrid and Israel, Morocco, the UK and Switzerland; and 3) Long haul routes between Madrid and North and South America.{{cite web|url=https://ec.europa.eu/commission/presscorner/detail/en/ip_24_352|title=Commission opens in-depth investigation into proposed acquisition of Air Europa by IAG|date=24 January 2024|publisher=European Commission|access-date=9 February 2024}} The deal was scrapped in August 2024.{{Cite web |date=2024-08-01 |title=British Airways owner IAG scraps deal to acquire Air Europa |url=https://www.reuters.com/markets/deals/iag-terminates-deal-acquire-air-europa-2024-08-01/ |access-date=2024-08-31 |website=archive.ph |archive-date=1 August 2024 |archive-url=https://archive.today/20240801184909/https://www.reuters.com/markets/deals/iag-terminates-deal-acquire-air-europa-2024-08-01/ |url-status=bot: unknown }}

On 5 June 2025, influential proxy adviser ISS urged IAG investors to vote against a remuneration policy which includes a one-off share award for CEO Luis Gallego, at the group’s next annual general meeting on 18 June.{{Cite web |last=Taylor |first=Guy |date=2025-06-05 |title=IAG: British Airways owner faces shareholder revolt |url=https://www.cityam.com/iag-british-airways-owner-faces-shareholder-revolt/ |access-date=2025-06-06 |website=City AM |language=en-GB}}

File:British Airways Boeing 787-8 Dreamliner G-ZBJA.jpg Boeing 787-8]]

File:Iberia Airbus A350-941XWB EC-NDR departing JFK Airport.jpg Airbus A350-900]]

IAG is incorporated as a Sociedad Anónima in Spain, where the company board meetings are held, and is domiciled in Spain for tax purposes.{{cite web|url=http://www.businessweek.com/globalbiz/content/apr2010/gb2010049_464729.htm|archive-url=https://web.archive.org/web/20100411194409/http://www.businessweek.com/globalbiz/content/apr2010/gb2010049_464729.htm|url-status=dead|archive-date=11 April 2010|title=BA and Iberia Sign Merger Deal, at Last|last=Arnott|first=Sarah|date=9 April 2010|work=BusinessWeek |access-date=11 April 2010}}{{cite web|url=http://www.abtn.co.uk/news/0813985-ba-eyes-madrid-expansion|title=BA eyes Madrid expansion|last=Noakes|first=Gary|date=8 April 2010|publisher=Air & Business Travel News|access-date=11 April 2010|url-status=dead|archive-url=https://web.archive.org/web/20120229062409/http://www.abtn.co.uk/news/0813985-ba-eyes-madrid-expansion|archive-date=29 February 2012}}{{cite web|url=http://ca.news.finance.yahoo.com/s/08042010/2/biz-finance-british-airways-iberia-sign-merger-deal-create-world.html|title=British Airways and Iberia sign merger deal to create one of world's biggest airline groups|last=Wardell|first=Jane|date=8 April 2010|publisher=Yahoo! Finance|access-date=11 April 2010|url-status=dead|archive-url=https://web.archive.org/web/20100413002008/http://ca.news.finance.yahoo.com/s/08042010/2/biz-finance-british-airways-iberia-sign-merger-deal-create-world.html|archive-date=13 April 2010}}{{cite news|url=http://www.elpais.com/articulo/economia/Iberia/British/firman/fusion/primer/paso/nuevas/uniones/elpepueco/20100409elpepieco_5/Tes|title=Iberia y British firman su fusión como primer paso para nuevas uniones|last=Otero|first=Lara|newspaper=El País|date=9 April 2010|publisher=elpais.com|language=es|access-date=11 April 2010}} IAG has a primary listing on the London Stock Exchange and has been a FTSE 100 constituent since 24 January 2011.[https://www.theguardian.com/business/2010/apr/08/british-airways-name-to-disappear British Airways name will disappear from FTSE if Iberia merger goes ahead | Business]. The Guardian (8 April 2010). Retrieved on 7 July 2012.{{Cite news|url=https://www.bbc.co.uk/news/business-11862956|title=BA Iberia merger gets approval from shareholders|work=BBC News | date=29 November 2010}} It has secondary listings on the Madrid, Barcelona, Bilbao and Valencia stock exchanges,{{Cite news |title=IAG shares begin trading, replacing BA and Iberia |url=https://www.bbc.co.uk/news/business-12265332 |work=BBC News |date=24 January 2011 |access-date=24 January 2011}}{{Cite news| url=http://uk.reuters.com/article/idUKTRE66C22I20100713 | archive-url=https://web.archive.org/web/20100714172259/http://uk.reuters.com/article/idUKTRE66C22I20100713 | url-status=dead | archive-date=14 July 2010 |title=British Airways stands firm over crew dispute |access-date=18 August 2010|work=Reuters | date=13 July 2010}} and has been a constituent of the IBEX 35 index since 1 April 2011.{{cite web |date=8 March 2011 |access-date=7 May 2011 |title=Results of the quarterly follow up meeting of the Technical Advisory Committee of the IBEX® Indices |url=http://www.sbolsas.com/ing/ficheros/documentos/comiteasesor/AC04-11eng.pdf |publisher=Sociedad de Bolsas |url-status=dead |archive-url=https://web.archive.org/web/20120323161316/http://www.sbolsas.com/ing/ficheros/documentos/comiteasesor/AC04-11eng.pdf |archive-date=23 March 2012 }}

In March 2015, Qatar Airways purchased a 10% stake in International Airlines Group for €1.2 billion (US$1.26 billion).{{cite news|last1=Jameson|first1=Angela|title=British Airways a good pick for Qatar|url=http://www.thenational.ae/business/aviation/british-airways-a-good-pick-for-qatar|access-date=12 March 2015|newspaper=The National|location=Abu Dhabi|date=9 March 2015|archive-url=https://web.archive.org/web/20150312091550/http://www.thenational.ae/business/aviation/british-airways-a-good-pick-for-qatar|archive-date=12 March 2015|url-status=live}} By early 2020, this had increased to 25% costing a further US$600 million.[https://www.bbc.co.uk/news/topics/cd2z2y29xx2t/qatar-airways Qatar Airways] {{Webarchive|url=https://web.archive.org/web/20200911210818/https://www.bbc.co.uk/news/topics/cd2z2y29xx2t/qatar-airways |date=11 September 2020 }} BBC News, 19 February 2020 Retrieved 6 September 2020[https://www.reuters.com/article/us-iag-qatar-stake/qatar-airways-spends-600-million-to-lift-stake-in-ba-owner-to-25-idUSKBN20D0Q2 Qatar Airways spends $600 million to lift stake in BA owner to 25%] {{Webarchive|url=https://web.archive.org/web/20201204033722/https://www.reuters.com/article/us-iag-qatar-stake/qatar-airways-spends-600-million-to-lift-stake-in-ba-owner-to-25-idUSKBN20D0Q2 |date=4 December 2020 }} Reuters, 19 February 2020 Retrieved 6 September 2020{{cite web|url=https://www.independent.ie/business/world/qatar-increases-its-stake-in-aer-lingus-owner-iag-to-251pc-38970742.html|title=Qatar increases its stake in Aer Lingus-owner IAG to 25.1pc|website=independent|date=19 February 2020 |language=en|access-date=2020-02-19}}

IAG's operational headquarters, which controls the management of both its British and Spanish subsidiaries, are at the Waterside building in Harmondsworth, Greater London."[http://www.iairgroup.com/phoenix.zhtml?c=240949&p=contact Contact] {{Webarchive|url=https://web.archive.org/web/20180826031348/http://www.iairgroup.com/phoenix.zhtml?c=240949&p=contact |date=26 August 2018 }}." International Airlines Group. Retrieved on 2 October 2016. Postal address: International Airlines Group Waterside (HAA2), PO Box 365 Harmondsworth, UB7 0GB"

The structure of the main operating companies is:{{cite web|url=https://www.iairgroup.com/en/the-group/our-network|title=Our network|publisher=International Airlines Group|access-date=9 May 2020|archive-date=29 October 2021|archive-url=https://web.archive.org/web/20211029024649/https://www.iairgroup.com/en/the-group/our-network|url-status=dead}}

The key trends for the International Airlines Group are shown below (as at year ending December 31):{{Cite web |title=IAG - Annual Reports |url=https://www.iairgroup.com/investors-and-shareholders/financial-reporting/annual-reports/ |access-date=6 Sep 2024 |website=IAG}}

In 2012, it was reported that British Airways' profits had been wiped out by Iberia's losses, and that the Spanish airline was in a fight for its survival.{{cite news|last=Milmo|first=Dan|title=BA's Spanish marriage flies into financial difficulties|url=https://www.theguardian.com/business/2012/nov/18/iag-british-airways-iberia-willie-walsh|date=18 November 2012|work=The Guardian|access-date=29 July 2016}} By 2013, Iberia had lost a billion euros, requiring IAG CEO Willie Walsh to defend the IAG merger.{{cite news|last=Copham|first=Gwynn|title=IAG defends BA-Iberia merger as Spanish airline falls to near-€1bn loss|url=https://www.theguardian.com/business/2013/feb/28/iag-defends-ba-iberia-merger-1bn-loss|date=28 February 2013|work=The Guardian|access-date=29 July 2016}} After further losses, IAG's balance sheet was in deep deficit as Iberia fought low-cost competition and a recession, and Walsh admitted that British Airways should perhaps have postponed the merger, saying, "If I'd known the Spanish economy was going to deteriorate to the scale that it did, we may have delayed the decision but ultimately I believe the merger is the right thing".{{cite news|last=Thomas|first=Natalie|title=BA should have put Iberia merger on hold, Walsh admits|url=https://www.telegraph.co.uk/finance/newsbysector/transport/10050107/BA-should-have-put-Iberia-merger-on-hold-Walsh-admits.html|date=10 May 2013|work=The Telegraph|access-date=29 July 2016}}

From 2014 on, Iberia returned to profitability, showing Walsh's predictions had been justified.{{cite news|last=Peña|first=Ángel|title=IBERIA: LOS BENEFICIOS DESPEGAN TRAS UNOS AÑOS TORMENTOSOS|url=http://www.expansion.com/actualidadeconomica/2016/02/26/56d03ffc22601d26228b4573.html|date=26 February 2016|publisher=Expansión|access-date=26 September 2018}}

In February 2021, IAG said that it has lost about €7 billion due to the COVID-19 pandemic in 2020, but it had €10.3 billion of liquid funds to get through the crisis.{{Cite news|last=Young|first=Sarah|date=2021-02-26|title=BA-owner calls for COVID health passes after record $9 billion loss|language=en|work=Reuters|url=https://www.reuters.com/article/uk-iag-results-idUSKBN2AQ0Q7|access-date=2021-02-26}}

• Chairman: Javier Ferrán (since January 2021){{Cite web|title=International Consolidated Airlines Group S.A. - Executive Profiles|url=https://www.wsj.com/market-data/quotes/ES/IAG/company-people/executive-profile/42623488|access-date=14 December 2020|website=Wall Street Journal}}
• Chief Executive: Luis Gallego (since September 2020){{Cite web|last=Saunders|first=Eddie|date=9 September 2020|title=LUIS GALLEGO TAKES OVER AS IAG CHIEF EXECUTIVE|url=https://airlinergs.com/luis-gallego-takes-over-as-iag-chief-executive/|website=Aer Lingus}}

1. Antonio Vázquez Romero (2011–2021){{cite web|url=https://institutofranklin.net/en/antonio-vazquez-romero|title=Antonio Vázquez Romero|publisher=Instituto Franklin|access-date=14 March 2022}}

1. Willie Walsh (2011–2020){{Cite web|last=Strickland|first=John|date=Oct 11, 2020|title=Willie Walsh: An Exceptional Airline Leader Retires|url=https://www.forbes.com/sites/johnstrickland/2020/10/11/willie-walsh-an-exceptional-airline-leader-retires/|website=Forbes}}

British Airways, Iberia, Aer Lingus, Vueling and LEVEL operate under their separate brand names.

For details of the current aircraft operated by the group, see the fleet details for each of the main operating subsidiaries - Iberia, British Airways, Aer Lingus, and Vueling. The entire company serves around 200 destinations.{{Cite news|url=http://news.bbc.co.uk/1/hi/business/8608667.stm|title=British Airways and Iberia sign merger agreement|date=8 April 2010|work=BBC News|access-date=8 April 2010}}{{cite web |url=http://www.iairgroup.com/phoenix.zhtml?c=240949&p=aboutfleet |title=Fleet/Product |date=30 June 2012 |publisher=International Airlines Group |access-date=17 January 2014 |archive-date=1 October 2021 |archive-url=https://web.archive.org/web/20211001201447/http://www.iairgroup.com/phoenix.zhtml?c=240949&p=aboutfleet |url-status=dead }}

IAG Loyalty operates Avios the frequent-flyer programme, which was created from the merger of the Air Miles, BA Miles, and Iberia Plus Points schemes on 16 November 2011.{{cite web |url=http://www.creativereview.co.uk/cr-blog/2011/september/interbrand-renames-airmiles-avios |title=AirMiles says adios, returns as Avios |author=Burgoyne, Patrick |date=2 September 2011 |website=Creative Review |url-status=dead |archive-url=https://web.archive.org/web/20150318225641/http://www.creativereview.co.uk/cr-blog/2011/september/interbrand-renames-airmiles-avios |archive-date=18 March 2015 }} Avios is the frequent flyer currency of Aer Lingus, British Airways, Finnair, Iberia (including subsidiary Iberia Express and affiliate Air Nostrum, which operates as Iberia Regional), LEVEL, Qatar Airways, Vueling, and Loganair, and can also be used for travel within the oneworld alliance including the likes of American Airlines, Japan Airlines, Qantas, etc.{{cite web|url=https://thriftypoints.com/vueling-oneworld/|title=Vueling Oneworld – Benefiting from the Vueling British Airways Partnership|date=21 January 2019|website=Thrifty Points|language=en-US|access-date=7 February 2019}} A restructure in 2015 meant that all of IAG's affiliated loyalty programmes which use Avios, including Avios Travel Reward Programme, British Airways Executive Club, and Iberia Plus, were transferred to Avios Group, an IAG subsidiary.{{cite web|title=About Avios|url=https://www.avios.com/gb/en_gb/about-us/our-company/about-avios|website=Avios|access-date=16 January 2017|archive-date=2 November 2021|archive-url=https://web.archive.org/web/20211102043939/https://www.avios.com/gb/en/page-not-found|url-status=dead}}{{cite web|title = Helping Avios analyse huge data sets to boost transparency and growth|url = http://www.pwc.com/gx/en/about/global-annual-review-2015/read-our-case-studies/avios.html|website = PwC|access-date = 9 December 2015 | author1=Pricewaterhousecoopers }}

It was announced in July 2018, that Avios.com would close to British Airways Executive Club members, with all points automatically transferred to British Airways.{{cite web|url=https://thriftypoints.com/ba-avios-calculator-british-airways-points/|title=BA Avios Calculator for British Airways Points Redemptions|date=23 March 2019|website=Thrifty Points|language=en-US|access-date=24 March 2019}} Qatar Airways, the largest shareholder of IAG, switched to Avios as its frequent flyer currency in March 2022.{{Cite web |last=Flynn |first=David |date=2022-03-23 |title=Qatar Airways unlocks Avios transfers, opens more reward seats |url=https://www.executivetraveller.com/news/qatar-avios |access-date=2022-03-23 |website=Executive Traveller |language=en}} Fellow oneworld alliance member Finnair also adopted Avios as its currency for Finnair Plus in March 2024.{{cite web|url=https://www.finnair.com/gb-en/finnair-plus/finnair-plus-changes|title=A new era for Finnair Plus|date=9 March 2024 |publisher=Finnair|access-date=13 May 2024}} In January 2025, Scottish airline Loganair announced its Clan Loganair loyalty programme would adopt Avios as its frequent flyer currency later that year.{{Cite web |title=Loganair to adopt Avios as rewards currency |url=https://www.businesstraveller.com/business-travel/2025/01/09/loganair-to-adopt-avios-as-rewards-currency/ |access-date=2025-01-10 |website=Business Traveller |language=en-GB}} In April 2025, the British Airways Executive Club was rebranded as "The British Airways Club."{{cite news|url=https://travelweekly.co.uk/in-depth/comment-bas-loyalty-club-rebrand-might-be-a-smart-move-despite-the-furore|title=BA's loyalty club rebrand might be a smart move despite the furore|date=11 February 2025|newspaper=Travel Weekly|access-date=10 April 2025}}

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