IAG announced Friday that it will begin the third and final tranche of its share buyback program on Monday, October 5, 2026. The tranche is worth €500 million.
The broader plan, first disclosed in February 2026, returns excess cash to shareholders and totals €1.5 billion. Shares acquired through the program are expected to be cancelled.
Morgan Stanley and Goldman Sachs will conduct the buyback. Qatar Airways Group Q.C.S.C. will participate on a pro-rata basis to maintain its approximate 25.1% stake in IAG.
IAG will purchase €374 million of shares in the market. A further €126 million will be acquired from Qatar Airways Group Q.C.S.C. The program is expected to conclude by February 26, 2027.
IAG shares closed 2.1% higher in London on Friday.