IAG (ICAG.L, IAG LN)
International Airlines Group (IAG) is one of the world's largest airline groups with 548 aircraft flying to 274 destinations and carrying almost 95m passengers each year. It is the third-largest group in Europe and the sixth-largest in the world, based on revenue. Formed in January 2011, IAG is the parent company of Aer Lingus, British Airways, Iberia and Vueling. It is a Spanish-registered company with shares traded on the London and Spanish stock exchanges. The corporate head office for IAG is in London. IAG combines leading airlines in Ireland, the UK and Spain, enabling them to enhance their presence in the aviation market while retaining their individual brands and current operations. The airlines' customers benefit from a larger combined network for both passengers and cargo and a greater ability to invest in new products and services through improved financial robustness. The airline industry is moving gradually towards consolidation, although some regulatory restrictions still prevail. IAG's mission is to play its full role in future industry consolidation on both a regional and global scale. British Airways and Iberia are members of the oneworld alliance.
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