All International Airlines Group ( IAG ) articles – Page 4
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News
IAG and Southwest to snap up sustainable fuel output from new Mississippi plant
IAG carriers and US budget operator Southwest Airlines have agreed to purchase the entire production of sustainable fuel, over the course of several years, from a planned US biorefinery project in Mississippi. Sustainable fuels technology specialist Velocys Renewables says it has entered a memorandum of understanding – which it aims ...
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Analysis
British Airways sees US market reopening driving business lift
Continued losses at British Airways and Lufthansa’s network carrier segment reported in the last 48 hours underline why those airlines are pinning so much hope on the reopening of the USA to international travel from Europe on 8 November.
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News
Spanish carriers offer bright spot as IAG sees ‘inflection point’ in third quarter
IAG posted an operating loss of €452 million ($523 million) for the third quarter though its Spanish carriers Iberia and Vueling did both move out of the red.
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News
IAG chief Gallego ‘less optimistic’ about stalled Air Europa deal
IAG chief executive Luis Gallego is “less optimistic” about completing a deal to acquire Spanish carrier Air Europa, but talks are continuing with the latter’s parent company Globalia, regulators and the Spanish government.
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News
IAG finance chief to step down in 2022
IAG chief financial officer Steve Gunning will step down next year, the European airline group said on 15 October.
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Analysis
How European airline capacity expectations are shaping up
As the easing in Covid travel restrictions and vaccination roll-out across Europe slowly progresses, airlines in the region have been mapping out how quickly to ramp up capacity.
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News
Europe’s airlines cautiously embrace signs of strong demand recovery
News that flight numbers in Europe exceeded Eurocontrol’s best-case scenario in July reflects the beginnings of a strong demand recovery in the region.
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News
Air Europa names new director general amid leadership tensions
Richard Clark has been appointed as director general of Air Europa amid what local media have characterised as “great turbulence” around leadership of the Spanish carrier.
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News
IAG retaining former Aer Lingus A350 order to gain flexibility
IAG has disclosed that it is holding on to the Airbus A350s previously ordered by Aer Lingus, but has yet to determine where best to deploy them. Aer Lingus ordered nine A350-900s but subsequently shifted four of them to sister IAG operator Iberia. Its remaining five A350s had remained listed ...
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News
Iberia and Vueling spearhead fleet and crew readiness
IAG carriers are potentially able operate up to 75% of 2019 capacity by the fourth quarter of this year, with the Spanish airlines Iberia and Vueling in the best readiness positions. Iberia’s entire long-haul and short-haul fleet is operationally ready, as it its full pilot and cabin crew complement, although ...
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News
IAG outlines latest forecast on capacity recovery
IAG is forecasting that capacity will reach 45% of 2019 levels in the third quarter of this year and recover to 91% by the fourth quarter of 2022. But the company is not providing any profit guidance for the full year 2021, citing uncertainty over the timing for lifting of ...
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News
Spanish carriers lead IAG recovery as restrictions impede BA and Aer Lingus
Spanish airlines Iberia and Vueling generated the greatest reductions in operating loss over IAG’s first half, which the group attributes to fewer travel restrictions and stronger demand in the Latin American and Spanish markets. Iberia cut its first-half operating loss by 62% to €330 million ($392 million) with Vueling managing ...
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News
Airline industry not assertive enough in early days of Covid-19: IATA chief
The airline industry was too accepting of draconian restrictions on international travel in the first months of the pandemic, according to IATA director general Willie Walsh.
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News
IAG-Air Europa tie-up faces scrutiny over Spanish route competition
Iberia parent IAG’s planned acquisition of fellow Spanish carrier Air Europa is to face in-depth scrutiny by European regulators concerned over the potential competition effects on Spanish routes. The European Commission is opening a probe into the proposed takeover, which underwent a revision in the wake of the air transport ...
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News
Time for action on reopening UK-US market: Gallego
IAG chief executive Luis Gallego is calling for action in re-opening the US-UK aviation market after plans for a taskforce to study the opening up of the market emerged.
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News
Airline ‘nightmare’ could be nearing end: IAG chief
The chief executive of British Airways and Iberia parent IAG believes the next few months are likely to see the beginnings of a recovery in air travel demand.
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Analysis
Airlines frustrated at UK travel ‘green list’ but Europe still on recovery course
The mood music is undeniably improving across a European region where vaccination programmes have ramped up significantly in recent weeks.
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News
IAG commits to 10% sustainable fuel use by 2030
IAG has pledged to power 10% of its flights with sustainable aviation fuel (SAF) by 2030, a goal that it says will allow it to cut its annual CO2 emissions by two million tonnes.
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News
IAG uses Gatwick slots to secure new $1.8 billion credit revolver
IAG has signed a $1.76 billion revolving credit facility with a syndicate of banks, using take-off and landing slots at both London Heathrow and Gatwick airports as collateral.
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News
IAG to raise €1 billion through bond issue
IAG has issued two tranches of senior unsecured bonds to raise a total of €1 billion ($1.19 billion), which it will use to shore up liquidity and for other general corporate purposes.