All International Airlines Group ( IAG ) articles
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NewsLondon Heathrow closure after substation fire cost IAG around €50m
Closure of London Heathrow following a power outage on 21 March had a €50 million ($56 million) impact on the operating profit of British Airways and Iberia parent IAG. IAG disclosed the figure during a first-quarter briefing on 9 May, stating that the closure contributed to an overall 8.8% increase ...
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NewsIAG reveals orders for 71 widebody jets from Airbus and Boeing
British Airways and Iberia parent IAG has revealed orders for 71 widebody jets from Airbus and Boeing as it seeks to replace older long-haul types and grow its fleet.
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NewsBA owner to take financial hit in ‘tens of millions’ from Heathrow shutdown
British Airways owner IAG expects to take a financial hit in the “tens of millions” of euros from the complete shutdown of Heathrow airport for the best part of a day on 21 March.
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NewsIAG caps highly profitable 2024 with consensus-beating quarter
European airline group IAG rounded off 2024 with another profitable quarter, as the British Airways and Iberia owner continues to see positive returns from all of its business units.
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NewsLufthansa-ITA tie-up cleared after three operators approved for competitive remedies
Lufthansa Group’s acquisition of a share in Italian carrier ITA Airways has been cleared by European competition regulators, following acceptance of remedy-taking candidates. ITA states that it “welcomes the final approval” of the transaction which involves transferring a stake held by the Italian ministry of economy and finance to the ...
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NewsImproved A380 reliability helping BA offset 787 engine availability issues
IAG unit British Airways is continuing to work through the challenges on its Rolls-Royce Trent 1000-powered Boeing 787s which prompted it to remove some its planned winter capacity, while remaining on the lookout for options to bolster its long-haul fleet.
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NewsIAG upbeat on rest of year after lifting third-quarter profit
IAG expects its strong financial performance to continue in the last quarter of the year after lifting operating profit 15% in the third quarter to over €2 billion ($2.15 billion).
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NewsAer Lingus to use A321XLR to open Nashville route next summer
IAG carrier Aer Lingus is to launch direct flights from Dublin to Nashville next summer, the first new route identified for its incoming longer-range Airbus A321XLRs.
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NewsAdequate Air Europa remedies harder to identify for IAG’s second bid: EU
Air Europa’s improved performance since 2021 made it harder to identify sufficient remedies during IAG’s second failed attempt to acquire the Spanish carrier, according to the European Commission.
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NewsIAG offered to hand over 52% of Air Europa frequencies to secure acquisition
British Airways and Iberia owner IAG was willing to sacrifice 52% of Air Europa’s 2023 frequencies to secure its acquisition of the business, but that was not enough to satisfy the European Commission.
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NewsIAG terminates Air Europa acquisition
British Airways and Iberia owner IAG has terminated its agreement to purchase Spanish carrier Air Europa from its parent company Globalia, citing the “current regulatory environment”.
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NewsIAG lifts first quarter operating profit on strong passenger demand
British Airways and Iberia parent IAG increased operating profits before exceptionals in the first quarter to €68 million ($59 million) driven by higher passenger revenues for the period.
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NewsIAG and Air Europa formally notified of EU competition concerns over proposed tie-up
British Airways and Iberia parent IAG has been told that its proposed acquisition of Air Europa could restrict competition, particularly on routes to and from Spanish cities. The European Commission has outlined its concerns in a formal statement of objections to the companies, as it continues its in-depth investigation into ...
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NewsIAG chief warns blocking consolidation could ‘destroy’ airlines
The chief executive of IAG has implored regualtors to allow consolidation to happen in Europe, arguing that the futures of some carriers are at risk if deals are blocked
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Airline BusinessUpbeat IAG strikes positive note as BA and Iberia head growth in 2024
After delivering one of the highest operating profits in its history, European airline group IAG offered little by way of firm guidance for the year to come but was in positive mood in its commentary.
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NewsIAG chief still optimistic over Air Europa deal
IAG chief executive Luis Gallego remains optimistic that the group can secure approval for its long-running attempt to acquire Spanish carrier Air Europa after putting forward further remedies to address European regulator competition concerns over the planned acquisition.
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NewsVueling chief executive to head Iberia
IAG has named Vueling chief executive Marco Sansavini as the new head of Spanish flag carrier Iberia.
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NewsIAG almost trebles operating profit in 2023
British Airways and Iberia parent IAG nearly trebled full-year operating profits in 2023 to just over €3.5 billion ($3.8 billion) after lifting revenue 28% during the year.
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NewsIAG secures large e-fuel commitment from US-based firm Twelve
British Airways and Iberia parent IAG has unveiled its largest sustainable aviation fuel purchase so far, with an agreement to take 260 million USgal (984 million litres) of synthetic e-fuel from California-based manufacturer Twelve. The ‘power-to-liquid’ e-fuel – or e-SAF – is generated by combining green hydrogen with carbon dioxide ...
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Airline BusinessRegulators in no mood to wave through airline M&A activity
While it quickly became apparent that January 2024 would be remembered as an inauspicious start to the year for airline safety, from the mid-point of the month onwards it was clear that the same would be said regarding consolidation.