All Iberia articles

  • aerlingus_459108125667371
    News

    IAG welcomes UK-EU liberalisation clause as it adapts ownership structure

    2020-12-31T14:12:00Z

    British Airways and Iberia parent IAG has welcomed the recognition of airline ownership liberalisation contained within the text of the new UK-European Union trade agreement. Ownership has been an issue for IAG during the UK’s withdrawal from the EU, because IAG controls both UK and EU carriers. IAG ...

  • Cabin crew
    In depth

    How many jobs have Europe’s airlines cut in 2020?

    2020-12-24T12:15:00Z

    Tens of thousands of jobs have been lost in Europe’s airline sector since the crisis began, as carriers seek to reduce cash burn and ‘right-size’ for the eventual recovery in demand.

  • Iberia A330 converted freighter
    News

    Iberia deploys first converted Airbus A330 freighter

    2020-11-05T14:51:00Z

    Iberia has put its first converted Airbus A330 freighter into service, operating on flights between Madrid and Los Angeles.

  • IAG Cargo-c-IAG Cargo
    News

    IAG looks to seal restructuring agreement with BA cargo operation

    2020-10-30T11:18:00Z

    IAG is turning to attention to securing personnel agreements with British Airways’ freight-handling operation, in order to round off its cost-saving and restructuring measures. Chief executive Luis Gallego, speaking during a third-quarter briefing, said that the company had achieved substantial savings at the UK flag-carrier but “still has to ...

  • BA A320neo-c-BritishAirways
    News

    British Airways parent IAG takes €275m charge for staff cuts

    2020-10-30T08:03:00Z

    IAG has recorded exceptional charges of €275 million ($321 million) in the third quarter relating to staff restructuring at British Airways and Aer Lingus. The parent company says the restructuring corresponds to a reduction of 10,000 in employee numbers, of whom over 9,000 had left by the end of ...

  • IAG
    News

    IAG receives strong response to recapitalisation share offer

    2020-10-02T07:12:00Z

    British Airways and Iberia parent IAG has received a strong response to the share issue undertaken to reinforce the company’s liquidity. It has received acceptances for the entire batch of nearly 2.98 billion shares offered under the capital increase. IAG says that, by the end of a pre-emptive ...

  • Oneworld American Airlines
    News

    Crisis spurs competition regulator to prolong Oneworld transatlantic pact

    2020-09-17T12:40:00Z

    UK competition regulators have imposed interim measures to address concerns over transatlantic routes operated under the Oneworld alliance’s joint business arrangement, having opted not to accept concession proposals put forward earlier this year. Oneworld carriers British Airways and American Airlines had offered slots at London Heathrow or Gatwick to ...

  • BA and Aer Lingus jets
    News

    IAG dials back capacity outlook as recovery falters

    2020-09-10T08:19:00Z

    IAG has pulled back its capacity planning for this year and next, after the initial encouraging signs of booking recovery in the air transport crisis started to level off. It is expecting third-quarter capacity to be 78%, rather than 74%, down on last year’s figure, while the fourth quarter ...

  • EasyJet-Ryanair-c-Shutterstock
    Analysis

    Winter of disconnect ahead for Europe’s airlines

    2020-09-09T15:07:00Z

    There are few crumbs of comfort for European airlines as they look back on a worse-than-expected summer season and forward to what could be a bleak winter.

  • Willie-Walsh
    News

    Walsh hands over IAG reins – and challenges – to Gallego

    2020-09-08T14:05:00Z

    Willie Walsh signed off as chief executive of British Airways and Iberia parent IAG during the group’s AGM today, while also confirming he is leaving the aviation industry after a four-decade career.

  • British Airways Landor retrojet Boeing 747-400
    News

    IAG impairs fleet after BA 747 and Iberia A340 retirements

    2020-07-31T09:51:00Z

    IAG has taken a €729 million ($863 million) charge in conjunction with a broad fleet impairment covering 61 aircraft, including the withdrawal of British Airways’ Boeing 747-400 fleet and Iberia’s Airbus A340-600s. The exceptional charge deepened IAG’s already-dire operating loss for the first half to just over €4 billion, ...

  • Brtish Airways 747 tails
    News

    Qatar Airways on board as IAG proposes €2.75bn capital increase

    2020-07-31T08:15:00Z

    British Airways and Iberia parent IAG is proposing a €2.75 billion capital increase, to which Qatar Airways – its largest shareholder with 25% – has already agreed to sign up. IAG says the increase would strengthen its balance sheet and liquidity, and reduce financial leverage, given that it does ...

  • Austrian Airlines
    News

    European carriers take tentative steps to restoring networks

    2020-05-28T14:30:00Z

    Several European operators have announced more tentative steps to restoring their networks, including the resumption of services by Lufthansa Group operators Austrian Airlines and Brussels Airlines in June. Austrian Airlines, which suspended flights on 19 March, has today announced it will resume scheduled flights to mostly European ...

  • WWpic
    News

    IAG’s Walsh pessimistic and puzzled by UK quarantine scheme

    2020-05-11T10:54:00Z

    IAG chief Willie Walsh is pessimistic over the potential impact of a quarantine measure for inbound air passengers floated by the UK government. Prime minster Boris Johnson stated on 10 May that the quarantine – intended to prevent coronavirus re-infection from abroad – would apply to passengers arriving “by ...

  • IAG logo
    News

    Walsh to step down in September as IAG eyes ‘meaningful’ return in July

    2020-05-07T07:26:00Z

    IAG chief executive Willie Walsh will step down in September as the British Airways and Iberia parent aims for a “meaningful” return of services in July. Walsh, who has led the group since is inception, was originally due to step down in March but delayed the move as the ...

  • Iberia Airbus A350
    News

    IAG’s Spanish carriers secure €1bn in financing under state-backed loans

    2020-05-01T07:41:00Z

    IAG’s Spanish units Iberia and Vueling have secured financing for €750 million and €260 million respectively under a syndicated agreement which will be guaranteed by the state-owned bank Instituto de Credito Oficial (ICO).

  • British Airways 747-400 Oneworld
    News

    IAG to accelerate retirement of older BA and Iberia aircraft

    2020-03-16T11:38:00Z

    British Airways and Iberia parent IAG is considering accelerating the retirement of older aircraft in the fleet – including some Boeing 747-400s and Airbus A340-600s – as part of the capacity-reduction measures being introduced to deal with the coronavirus outbreak. Speaking during a 16 March briefing, IAG chief executive ...

  • Iberia
    News

    IAG delays management changes as it braces for 75% capacity cut

    2020-03-16T07:46:00Z

    British Airways and Iberia parent IAG’s management team is to remain in place for the time being, to help steer the company through the coronavirus crisis, as it prepares to cut capacity by 75% for April and May. IAG chief Willie Walsh is delaying his retirement, and his successor ...

  • A319-volotea-line-up-c-Volotea-640
    News

    Iberia hands Spanish slots to Volotea to ease IAG-Air Europa approval

    2020-03-06T23:57:00Z

    Spanish carrier Volotea is poised to ease Iberia parent IAG’s acquisition of Air Europa, by reinforcing competition on overlap routes that might otherwise attract European regulatory objections. Under a provisional agreement with IAG, Volotea would open at least two, and up to four, bases in Spain in order to ...

  • Willie Walsh
    News

    IAG chief Willie Walsh to retire in June 2020

    2020-01-09T07:57:00Z

    IAG chief executive Willie Walsh is to step down from his post on 26 March, and plans to retire completely on 30 June. He will be succeeded by Iberia chief executive Luis Gallego, says the British Airways and Iberia parent company. Walsh had previously signalled his intention to ...