International Airlines Group keeps RBC 'Outperform' rating, 465p target

Royal Bank of Canada (RBC) maintained its "Outperform" rating on International Airlines Group (IAG) and kept a target price of 465 pence.

The rating follows IAG's second‑quarter results that were slightly above market expectations, supported by robust demand and cost control. Management expects to offset about 60 % of higher fuel costs by 2026, with revenues roughly at the prior‑year level, and analysts do not anticipate a consensus upgrade to earnings forecasts for 2026.