The European aviation and insurance sectors concluded 2025 with historic financial results. The IAG Group, owner of British Airways and Iberia, generated a net profit of €3.34 billion, representing growth of over 22%. Simultaneously, insurance giants such as Allianz, AXA, and Poland's PZU are reporting record operating profits, benefiting from a lower scale of natural disaster claims and high demand for financial services.

Record IAG Profit

The IAG Group earned a net €3.34 billion in 2025, representing a 22.3% increase compared to the previous year.

Insurers' Success

Allianz and PZU report historic results thanks to a lower number of claims paid out for disasters.

Restructuring at Iberia

Despite record results, the Spanish airline plans collective dismissals to transform its workforce.

The year 2025 has been written into economic history as a period of exceptional profitability for key players in the insurance and air transport sectors. International Airlines Group (IAG), the parent company of British Airways, Iberia, and Aer Lingus, announced it achieved a record net profit of €3.342 billion. This result is 22.3% higher than the previous year, surprising even the most optimistic market analysts. Importantly, this success was achieved despite a noted decline in passenger numbers in some segments, suggesting effective revenue optimization per seat sold and a strong market position in the transatlantic flight segment. Since the deep crisis in the aviation industry triggered by the pandemic in 2020, market consolidation around large capital groups like IAG has allowed for faster margin recovery and route network stabilization at the expense of smaller, independent carriers. Within IAG's structure, Iberia stood out particularly, increasing its operating profit by 27%, and Irish Aer Lingus with a 38% increase to €282 million. However, Iberia's financial success brings social challenges. The airline's management signaled the need to conduct an ERE, motivated by the need to change employee job profiles in the face of digitalization. The group's board proposed paying a supplementary dividend of €0.05 per share, which will translate into a total of €448 million paid out to shareholders. „Our 2025 results show the resilience of our group and the strength of our brands against a volatile market backdrop.” — CEO of International Airlines Group (IAG). Equally impressive data is coming from the financial sector. German giant Allianz reported a record net profit for 2025 and forecasts achieving an operating profit of €17.4 billion for 2026. On the domestic front, PZU announced historic success, increasing its profit by over a quarter compared to the previous year. Experts point out that the insurance sector benefited from a relatively mild course of weather phenomena, which limited the amounts paid out in compensation for natural disasters.

Mentioned People

  • Luis Gallego — Chief Executive Officer (CEO) of the International Airlines Group (IAG).