IAG, an acronym for International Airlines Group, is defined as a multinational airline holding company. It is formed by the merger of British Airways and Iberia in 2011, and it has since grown to include various other airlines such as Aer Lingus, Vueling, and Level. IAG is headquartered in London, United Kingdom, and is listed on the London Stock Exchange as a constituent of the FTSE 100 Index.
As a holding company, IAG's main purpose is to own subsidiaries in the airline industry and oversee their operations. It operates a portfolio of airlines that serve numerous destinations across the world. Through its various brands, IAG caters to different market segments, from full-service carriers like British Airways to low-cost carriers like Vueling. This diversity allows IAG to capture a wide range of customers and adapt to different market demands.
IAG's key business activities include operating scheduled passenger and cargo flights, as well as offering ancillary services such as maintenance, catering, and ground handling. The company strives to provide a high-quality, reliable, and efficient travel experience for its customers while maintaining a strong focus on safety and sustainability.
With its extensive network of airlines, IAG plays a significant role in the global aviation industry, contributing to economic growth and facilitating global connectivity. As a leading airline holding company, IAG is known for its strategic acquisitions, robust performance, and commitment to customer satisfaction.
