All International Airlines Group ( IAG ) articles – Page 5
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NewsIberia 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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NewsIAG 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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NewsSpanish 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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NewsAirline 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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NewsIAG-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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NewsTime 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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NewsAirline ‘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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Airline BusinessAirlines 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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NewsIAG 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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NewsIAG 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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NewsIAG 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.
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NewsIAG sees long-haul driving passenger revenues since September
IAG carriers British Airways and Iberia have been generating the majority of their passenger revenues from long-haul flights in recent months, driven by resilient demand for visiting friends and relatives (VFR) travel.
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NewsGallego sees Air Europa deal more likely to close in late 2021
IAG chief executive Luis Gallego expects completion of the group’s planned acquisition of Spanish carrier Air Europe to be nearer to year-end, having set a second-half target to close the delayed deal.
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NewsIAG to operate 20% of capacity in first quarter after tumbling to €7.4bn loss
British Airways and Iberia parent IAG expects to operate just a fifth of its 2019 capacity in the first quarter after disclosing it swung to a €7.43 billion ($9.1 billion) operating loss last year. IAG posted a €1.47 billion loss for the fourth quarter, a period in which it operated ...
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NewsIAG names new Aer Lingus chief
IAG airline Aer Lingus has appointed Lynne Embleton as its new chief executive, effective 6 April, replacing interim head Donal Moriarty.
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Airline BusinessAirline Business special: CEOs to watch in 2021
As the Covid-19 crisis moves into its second year, we feature some of the airline chiefs whose success or otherwise will be bellwethers of the industry’s recovery in 2021.
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NewsIAG aims to seal revised Air Europa purchase in second half
Iberia parent IAG has confirmed it has struck an amended agreement with Globalia to acquire Air Europa for €500 million, half the price envisaged when the deal was originally agreed in November 2019.
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NewsIAG welcomes UK-EU liberalisation clause as it adapts ownership structure
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 has been ...
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Airline BusinessHow many jobs have Europe’s airlines cut in 2020?
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.
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NewsFresh Europe travel restrictions ‘worst possible timing’ for airlines: analysts
New restrictions on travel to and from the UK amid concerns over a new Covid-19 variant are the “worst possible timing” for airlines expecting a desperately needed boost in fortunes over the holiday period, in the view of analysts at Bernstein.