All International Airlines Group ( IAG ) articles – Page 6

  • IAG Cargo-c-IAG Cargo
    News

    IAG looks to seal restructuring agreement with BA cargo operation

    2020-10-30T11:18:00Z

    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 ...

  • BA A320neo-c-BritishAirways
    News

    British Airways parent IAG takes €275m charge for staff cuts

    2020-10-30T08:03:00Z

    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. ...

  • British Airways Boeing 777-200 G-ZZZA retirement 1 Aug 2020
    News

    IAG cuts fourth-quarter capacity levels again

    2020-10-22T06:57:00Z

    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 ...

  • BA 787-c-British Airways
    News

    British Airways chief Alex Cruz to step down, succeeded by Aer Lingus head Doyle

    2020-10-12T06:48:00Z

    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 ...

  • IAG
    News

    IAG receives strong response to recapitalisation share offer

    2020-10-02T07:12:00Z

    British Airways and Iberia parent IAG has received a strong response to the share issue undertaken to reinforce the company’s liquidity. It has received acceptances for the entire batch of nearly 2.98 billion shares offered under the capital increase. IAG says that, by the end of a pre-emptive subscription period ...

  • Airline-overview-c-Shutterstock
    Airline Business

    For airlines, a focus on 'getting back to 2019 ' ignores reality

    2020-09-23T11:40:00Z

    As with many coronavirus crisis-related discussions – involving airlines or otherwise – it is tempting to focus on getting back to how things were, even at the cost of considering that some changes might be for the better.

  • BA and Aer Lingus jets
    News

    IAG dials back capacity outlook as recovery falters

    2020-09-10T08:19:00Z

    IAG has pulled back its capacity planning for this year and next, after the initial encouraging signs of booking recovery in the air transport crisis started to level off. It is expecting third-quarter capacity to be 78%, rather than 74%, down on last year’s figure, while the fourth quarter will ...

  • EasyJet-Ryanair-c-Shutterstock
    Airline Business

    Winter of disconnect ahead for Europe’s airlines

    2020-09-09T15:07:00Z

    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
    News

    IAG shareholders approve capital increase and director pay

    2020-09-08T17:13:00Z

    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
    News

    Walsh hands over IAG reins – and challenges – to Gallego

    2020-09-08T14:05:00Z

    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
    News

    IAG’s Walsh warns against obtaining liquidity without structural reform

    2020-08-03T12:16:00Z

    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
    News

    Air Europa acquisition remains justified: IAG’s Walsh

    2020-08-03T11:13:00Z

    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
    News

    British Airways pilots strongly back cost-savings pact

    2020-07-31T20:00:00Z

    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
    News

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

    2020-07-31T12:45:00Z

    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
    News

    IAG impairs fleet after BA 747 and Iberia A340 retirements

    2020-07-31T09:51:00Z

    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
    News

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

    2020-07-31T08:15:00Z

    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
    News

    ​Airlines call for joint Europe-USA coronavirus testing programme

    2020-07-22T13:11:00Z

    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

    2020-06-02T13:18:00Z

    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
    News

    IAG’s Walsh pessimistic and puzzled by UK quarantine scheme

    2020-05-11T10:54:00Z

    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
    News

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

    2020-05-07T09:47:00Z

    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 ...