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  "documentTitle": "2025 Q3 Results Presentation",
  "authorId": "IAG",
  "authorName": "IAG",
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  "notes": "The table provides a forward-looking view of fuel costs based on Q3 2025 results.",
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      "kind": "callout",
      "text": "Full year 2025 fuel cost expected to be c.€7.1bn based on jet fuel forward curve and foreign exchange rates at the end of Q3",
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      "text": "* Effective blended price excluding into plane cost",
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      "kind": "metric",
      "text": "Hedge ratio: 76%",
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      "text": "As per Q3 2025 results | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027\nJet fuel price scenario | $720/mt | $710/mt | $690/mt | $690/mt | $690/mt | $680/mt\n$/€ scenario | 1.177 | 1.177 | 1.177 | 1.177 | 1.177 | 1.177\nHedge ratio | 76% | 63% | 56% | 45% | 36% | 29%\nEffective blended price post fuel and FX hedging* | $750/mt | $740/mt | $715/mt | $710/mt | $720/mt | $700/mt",
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      "kind": "title",
      "text": "Fuel hedging - 76% hedged for the remainder of 2025",
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