The Latin American region has had the fastest recovery in terms of capacity and passenger numbers worldwide. This region has benefited from open borders, relaxed travel restrictions, proximity to the United States’ booming market, and more. Nonetheless, the International Air…
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International Airlines Group (IAG) is not giving up on its plans to acquire Spanish carrier Air Europa. IAG and the airline’s owner Globalia have reached an agreement for a seven-year, unsecured loan of €100 million. It also provides exclusivity to…
International Airlines Group (IAG) is expecting to return to profitability in the second quarter and produce operating results and operating cash flows that will be “significantly positive” for the rest of 2022. That will come after a loss-making first quarter…
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The third quarter has been an ‘inflection point’ for International Airlines Group (IAG). It has drastically reduced its operating loss by almost three quarters to €452 million and stopped burning cash. Its Spanish airlines performed best, with Iberia producing a…