All International Airlines Group ( IAG ) articles – Page 6

  • EasyJet-Ryanair-c-Shutterstock
    Airline Business

    Winter of disconnect ahead for Europe’s airlines


    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.

  • IAG logo

    IAG shareholders approve capital increase and director pay


    Shareholders have voted in favour of IAG’s proposed €2.75 billion ($3.25 billion) capital increase during the group’s AGM today, while also approving the directors’ remuneration package.

  • Willie-Walsh

    Walsh hands over IAG reins – and challenges – to Gallego


    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 Boeing 747-400 nose upper deck

    IAG’s Walsh warns against obtaining liquidity without structural reform


    Outgoing IAG chief Willie Walsh has warned that obtaining liquidity will offer a false sense of security to airlines unless they fundamentally adapt their business to reflect a different post-crisis market. Walsh points out that British Airways’ second-quarter operating loss of £711 million eclipses that of previous crises – including ...

  • Air Europa title

    Air Europa acquisition remains justified: IAG’s Walsh


    IAG is striving to close the acquisition of Air Europa by the end of this year, undeterred by the impact of the air transport crisis, although it is reviewing the structure of the €1 billion ($1.2 billion) deal in response to the downturn. While outgoing IAG chief Willie Walsh has ...

  • British Airways @ Heathrow March 2019

    British Airways pilots strongly back cost-savings pact


    British Airways pilots have voted convincingly in favour of accepting a pay deal recently negotiated between the airline and its cockpit union. The union, BALPA, says that 85% of its members backed the deal, based on a turnout of 87%. BALPA expects around 270 compulsory redundancies but says the agreement ...

  • Level A330 tail

    IAG to maintain Level’s Barcelona arm after crisis-driven retreat


    IAG is to maintain its Level operation out of Barcelona, having retreated from its expansion of the budget brand in other parts of Europe. The parent company indicates that it is cutting back Level’s long-haul fleet of seven Airbus A330-200s to just two aircraft. Level had four A330s deployed in ...

  • British Airways Landor retrojet Boeing 747-400

    IAG impairs fleet after BA 747 and Iberia A340 retirements


    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, in ...

  • Brtish Airways 747 tails

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


    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 not ...

  • British Airways @ Heathrow March 2019

    ​Airlines call for joint Europe-USA coronavirus testing programme


    Chief executives at IAGLufthansaAmerican Airlines and United Airlines have written a letter to US vice-president Mike Pence and European home-affairs commissioner Ylva Johansson, urging them to adopt a joint Covid-19 testing programme to enable transatlantic passenger flights to resume.

  • Ryanair
    Airline Business

    European carriers aim to cut their way through the crisis


    While the short-term focus among European carriers has been on finding ways to survive the crisis and resume services, airlines have been quick to signal sizeable cuts to their operations with few expecting traffic to return to previous peaks before 2023

  • WWpic

    IAG’s Walsh pessimistic and puzzled by UK quarantine scheme


    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 air”. ...

  • Iberia Air Europa merger

    Air Europa deal still makes sense but work to do to complete: Walsh


    IAG chief executive Willie Walsh believes its planned acquisition of Spanish carrier Air Europa still makes strategic sense but notes work is still ongoing regarding pricing and competition issues before a decision on completion can be made. The Iberia and Vueling parent in early November outlined its plan to acquire ...

  • BA

    IAG scales back planned deliveries to 75 over next three years


    British Airways and Iberia parent IAG now expects to take delivery of 75 aircraft over the next three years as it reduces its fleet requirements in line with expectations that passenger demand will not return to pre-crisis levels before 2023. The new fleet plan marks a reduction of 68 on ...

  • IAG logo

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


    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 coronavirus ...

  • Iberia Air Europa merger
    Airline Business

    How will crisis impact airline mergers?


    Airlines and regulators are having to adjust to a fast-changing landscape as they consider merger and acquisition plans, both those put in play before the coronavirus crisis hit and those that might emerge in its aftermath.

  • Iberia Airbus A350

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


    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).

  • IAG

    ​IAG cancels planned dividend payment


    IAG is withdrawing its proposal to pay a €0.17-per-share final dividend to investors, following the coronavirus shutdown. The group will instead propose, at its annual shareholders’ meeting, that all of its 2019 profit – save that already paid as an interim dividend – be added to voluntary reserves. IAG‘s board ...

  • IAG

    IAG not seeking state aid as Virgin appeals for government credit


    IAG has not approached governments for state aid to assist the company through the coronavirus crisis, chief executive Willie Walsh has disclosed. Speaking during a 16 March briefing, Walsh said the company had not followed other individual carriers in seeking financial assistance from governments. “Governments would expect airlines to look ...

  • British Airways 777-300ER G-STBE

    IAG looks at recruiting passenger jets to serve critical freight lines


    IAG is considering recruiting some of its passenger aircraft for air freight operations, to ensure that essential cargo supplies are maintained as the coronavirus crisis persists. Chief executive Willie Walsh, speaking during a 16 March briefing, said that governments “need to appreciate” that there is a strong cargo demand, and ...