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…
International Airlines Group’s (IAG) fortunes have been heavily influenced by the diffuse travel situation in various European countries. While British Airways and Aer Lingus suffered from restrictions and low demand, Iberia and Vueling have been able to reduce their losses…
International Airlines Group (IAG) is to stick to its downsizing policy and will continue to restructure its portfolio of airlines as it looks to emerge from the Covid crisis. This will be a painful process with many job losses, but…