International Airlines Group (IAG) has reported ‘good results’ for 2019 despite disruptions and higher fuel costs. Still, they were worse compared to 2018. IAG recorded an operating profit before exceptional items of EUR 3.285 billion, down -200 million from the…
Willie Walsh made no secret about his desire to retire as International Airlines Group (IAG) CEO before reaching the age of 60 in October 2021. He repeated it during last November’s Capital Markets Day, but on January 9, IAG confirmed…
The news that IAG has agreed to acquire Air Europe for $1.1 billion will alter the competitive landscape in Spain. Madrid-based Air Europa will join IAG’s Iberia, becoming a standalone subsidiary and the Barcelona-based LCC Vueling in the IAG portfolio.…
International Airlines Group (IAG) has revised its medium-term growth forecast. Available Seat Kilometers (ASK) is expected to grow by on average 3.4 percent annually until 2022 compared to the previous guidance of 7.4 percent. This number has already been revised…
The Spanish airline market is set for more consolidation as independent Air Europa will be bought by Iberia for EUR 1 billion, Iberia’s parent company International Airlines Group (IAG) announced on November 4. Subject to regulatory approval, the deal is expected…
The British Airways strike is costing the £40 million per day and has now entered the second of two planned days. An additional strike is possible on September 27th should an agreement not be reached by then. BALPA, the pilots…