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…
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…
Ryanair regained its leading position as Europe’s biggest airline in passenger numbers: the Irish low-cost flew 152.4 million pax in 2019, including LaudaMotion. This makes her bigger than Lufthansa again, who secured pole position in 2018. Now that most airline…
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…