IAG, International Consolidated Airlines Group, reported strong third quarter earnings that beat street expectations today. The group also announced that it would buy back €350 million of its own shares beginning next week. Robust travel demand and strong cash generation…
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British Airways, IAG Group, and Air France/KLM reported strong profits for 2023 as Europe’s aviation industry continues to rebound from the global pandemic. IAG had a solid fourth quarter and year, while AF/KLM had a 4th quarter loss but a…
International Airlines Group (IAG) has pulled the plug on its European short-haul low-cost airline LEVEL Europe, formerly known as Anisec Luftfahrt. The airline has filed for insolvency and has ceased trading with immediate effect from June 18. LEVEL cites the…
International Airlines Group (IAG) posted a EUR -1.860 billion net loss for Q1, it announced on May 7. Excluding special items, this was EUR -535 million. IAG expects that a long recovery to pre-Covid levels will take until at least…
British Airways could slash up to 12.000 jobs as it has started a restructuring and redundancy program in response to the Covid-19 crisis, parent company International Airlines Group (IAG) confirmed on April 28. The restructuring will also affect the Group’s…