All International Airlines Group ( IAG ) articles – Page 5
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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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Airline Business
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.
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News
IAG 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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News
Gallego 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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News
IAG 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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News
IAG 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 Business
Airline 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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News
IAG 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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News
IAG 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 Business
How 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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News
Fresh 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.
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News
Ryanair wins Decade of Airline Excellence Award for Europe region
Recipient of the Decade of Airline Excellence Award for the Europe region, sponsored by Cirium.
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News
Losses prompt IAG review of fuel hedging
IAG is examining its policy of taking out fuel hedges following massive losses from the financial instruments.
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News
IAG looks to seal restructuring agreement with BA cargo operation
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 close ...
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News
British Airways parent IAG takes €275m charge for staff cuts
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 September. ...
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News
IAG cuts fourth-quarter capacity levels again
British Airways and Iberia parent IAG has cut its expectations for fourth-quarter capacity, estimating that it will be 70% down on the previous year. IAG had already lowered its capacity forecast for the quarter to 60% down – from a previous 46% down – in early September. But the company ...
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News
British Airways chief Alex Cruz to step down, succeeded by Aer Lingus head Doyle
British Airways chief executive Alex Cruz is to step down from his position, after four years, to be succeeded by Aer Lingus chief Sean Doyle. Parent company IAG states that the change is part of a management reshuffle that takes place “with immediate effect”, but has not elaborated on the ...