https://www.breakingtravelnews.com/tags/tag/international airlines group/ International Airlines Group News en Breaking Travel News Copyright 2026 2026-04-19T09:34:40+00:00 https://www.breakingtravelnews.com/news/article/iag-returns-to-profit-in-the-second-quarter-following-strong-recovery-in-de/ https://www.breakingtravelnews.com/news/article/iag-returns-to-profit-in-the-second-quarter-following-strong-recovery-in-de/ IAG financial results highlights for the period includine an operating profit for the second quarter €293 million, compared to an operating loss of €967 million in 2021. Mon, 01 Aug 2022 13:10:26 +0000 https://www.breakingtravelnews.com/news/article/major-airlines-sign-letters-of-intent-to-explore-carbon-removal-solutions-f/ https://www.breakingtravelnews.com/news/article/major-airlines-sign-letters-of-intent-to-explore-carbon-removal-solutions-f/ Airbus and a number of major airlines – including Air Canada, Air France-KLM, easyJet, IAG and Lufthansa – have signed Letters of Intent to explore opportunities for a future supply of carbon removal credits from direct air carbon capture technology. Tue, 19 Jul 2022 13:30:43 +0000 https://www.breakingtravelnews.com/news/article/iag-converts-14-a320neo-family-options-into-firm-orders/ https://www.breakingtravelnews.com/news/article/iag-converts-14-a320neo-family-options-into-firm-orders/ International Airlines Group (IAG) is converting 14 A320neo family options into firm orders for 11 A320neos and three A321neos. Fri, 01 Jul 2022 11:50:04 +0000 https://www.breakingtravelnews.com/news/article/iag-orders-50-boeing-737-8200s-and-737-10s/ https://www.breakingtravelnews.com/news/article/iag-orders-50-boeing-737-8200s-and-737-10s/ International Airlines Group (IAG) has reached agreement with Boeing to order 25 737-8200 and 25 737-10 aircraft, plus 100 options. Thu, 12 May 2022 12:30:15 +0000 https://www.breakingtravelnews.com/news/article/ba-anticipates-return-to-profit-driven-by-premium-travel/ https://www.breakingtravelnews.com/news/article/ba-anticipates-return-to-profit-driven-by-premium-travel/ IAG, parent company of Aer Lingus, British Airways and Iberia, reports that the easing of Covid controls has improved demand in the first quarter, especially from premium travel. Strong customer demand is expected to drive profitability from the second quarter onwards. Fri, 06 May 2022 11:10:28 +0000 https://www.breakingtravelnews.com/news/article/iag-revives-interest-in-air-europa-bid/ https://www.breakingtravelnews.com/news/article/iag-revives-interest-in-air-europa-bid/ IAG said today it will loan Air Europa parent Globalia €100 million with the option to convert it into a stake of up to 20 per cent in Madrid-based Latin America specialist. Mon, 21 Mar 2022 09:43:53 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-significantly-narrows-losses-but-remains-in-th/ https://www.breakingtravelnews.com/news/article/international-airlines-group-significantly-narrows-losses-but-remains-in-th/ International Airlines Group has reported a statutory operating loss of €2.8 billion for 2021. While still in the red, the figure is a marked improvement on the €7.5 billion lost in 2020. Fri, 25 Feb 2022 07:23:21 +0000 https://www.breakingtravelnews.com/news/article/vueling-adds-new-spain-routes-from-london-gatwick/ https://www.breakingtravelnews.com/news/article/vueling-adds-new-spain-routes-from-london-gatwick/ The International Airlines Group-owned carrier will now offer a total of 24 direct routes from the United Kingdom to Spain, France and Italy this summer. Thu, 20 Jan 2022 10:30:21 +0000 https://www.breakingtravelnews.com/news/article/travelport-signs-ndc-distribution-deal-with-iag/ https://www.breakingtravelnews.com/news/article/travelport-signs-ndc-distribution-deal-with-iag/ The deal will bring New Distribution Capability content from Aer Lingus, British Airways, Iberia and Vueling to Travelport-connected travel agencies around the world. Thu, 02 Dec 2021 05:47:23 +0000 https://www.breakingtravelnews.com/news/article/cma-to-examine-iag-purchase-of-air-europa/ https://www.breakingtravelnews.com/news/article/cma-to-examine-iag-purchase-of-air-europa/ The Competition & Markets Authority has a launched an investigation into the proposed takeover of Air Europa by International Airlines Group. Mon, 22 Nov 2021 09:49:50 +0000 https://www.breakingtravelnews.com/news/article/iag-signs-velocys-sustainable-fuel-deal/ https://www.breakingtravelnews.com/news/article/iag-signs-velocys-sustainable-fuel-deal/ IAG has signed an agreement with Velocys, a sustainable fuels technology company, to acquire 220,000 tonnes of sustainable aviation fuel over ten years. Wed, 10 Nov 2021 09:47:25 +0000 https://www.breakingtravelnews.com/news/article/iag-seeks-to-return-to-profitability-next-year/ https://www.breakingtravelnews.com/news/article/iag-seeks-to-return-to-profitability-next-year/ Luis Gallego, IAG chief executive, said: “There’s a significant recovery underway and our teams across the group are working hard to capture every opportunity.” Fri, 05 Nov 2021 10:57:55 +0000 https://www.breakingtravelnews.com/news/article/british-airways-secures-1bn-government-backed-loan/ https://www.breakingtravelnews.com/news/article/british-airways-secures-1bn-government-backed-loan/ British Airways has signed an agreement with the UK government for a £1 billion loan. The deal, with UK Export Finance, was confirmed by owner International Airlines Group earlier. Wed, 03 Nov 2021 09:25:15 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-narrows-losses-in-second-quarter/ https://www.breakingtravelnews.com/news/article/international-airlines-group-narrows-losses-in-second-quarter/ International Airlines Group has reported an operating loss of €967 million for the second quarter. The figure is an improvement on the loss of €2.2 billion seen in the same period last year. Fri, 30 Jul 2021 06:26:55 +0000 https://www.breakingtravelnews.com/news/article/iag-airlines-sign-to-accelerate-ndc-adoption/ https://www.breakingtravelnews.com/news/article/iag-airlines-sign-to-accelerate-ndc-adoption/ American Express Global Business Travel has renewed its distribution agreement with British Airways and Iberia. This will allow customers confidently shop within Supply MarketPlace.      Fri, 18 Jun 2021 05:23:09 +0000 https://www.breakingtravelnews.com/news/article/iag-to-offer-800m-in-new-bonds-as-travel-shutdown-continues/ https://www.breakingtravelnews.com/news/article/iag-to-offer-800m-in-new-bonds-as-travel-shutdown-continues/ IAG said the cash would be used to strengthen its balance sheet, while also offering increased “operational and strategic flexibility” to take advantage of a recovery in demand. Tue, 11 May 2021 06:02:22 +0000 https://www.breakingtravelnews.com/news/article/iag-narrows-losses-in-first-quarter-calls-for-travel-to-reopen/ https://www.breakingtravelnews.com/news/article/iag-narrows-losses-in-first-quarter-calls-for-travel-to-reopen/ International Airlines Group has reported a loss of €1 billon for the first quarter of 2021 as airlines struggle against government restrictions on travel. Fri, 07 May 2021 08:39:27 +0000 https://www.breakingtravelnews.com/news/article/iag-seeks-to-boost-use-of-sustainable-aviation-fuel/ https://www.breakingtravelnews.com/news/article/iag-seeks-to-boost-use-of-sustainable-aviation-fuel/ International Airlines Group has become the first European airline group to commit to powering ten per cent of its flights with sustainable aviation fuel by 2030. Thu, 22 Apr 2021 09:32:22 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-secures-further-us1.7bn-in-credit/ https://www.breakingtravelnews.com/news/article/international-airlines-group-secures-further-us1.7bn-in-credit/ International Airlines Group has signed a revolving credit facility with a syndicate of banks as the Covid-19 pandemic enters a second year in Europe. Wed, 24 Mar 2021 08:56:41 +0000 https://www.breakingtravelnews.com/news/article/iag-unveils-plans-for-1-billion-bond-issue/ https://www.breakingtravelnews.com/news/article/iag-unveils-plans-for-1-billion-bond-issue/ Proceeds from the bond funding are earmarked for ‘general corporate purposes’ including the strengthening of the balance sheet and financial support for “a more prolonged downturn in air travel”. Thu, 18 Mar 2021 11:21:07 +0000 https://www.breakingtravelnews.com/news/article/amadeus-partners-with-iag-for-ndc-rollout/ https://www.breakingtravelnews.com/news/article/amadeus-partners-with-iag-for-ndc-rollout/ Through the agreement, content from IAG operators, including British Airways, Iberia, Aer Lingus and Vueling, will be made available for travel sellers via Amadeus’ NDC-enabled solutions. Mon, 01 Mar 2021 09:50:09 +0000 https://www.breakingtravelnews.com/news/article/iag-reports-7.4bn-loss-for-2020/ https://www.breakingtravelnews.com/news/article/iag-reports-7.4bn-loss-for-2020/ The group – which includes Iberia, British Airways, Aer Lingus and others – saw revenue fall 69 per cent to €7.8 billion for the year to December as Covid-19 halted travel around the world. Fri, 26 Feb 2021 09:00:33 +0000 https://www.breakingtravelnews.com/news/article/embleton-appointed-chief-executive-of-aer-lingus/ https://www.breakingtravelnews.com/news/article/embleton-appointed-chief-executive-of-aer-lingus/ International Airlines Group has appointed Lynne Embleton to the role of chief executive of Irish flag-carrier Aer Lingus. She will start her new role on April 6th. Fri, 26 Feb 2021 08:47:46 +0000 https://www.breakingtravelnews.com/news/article/iag-agrees-to-half-price-air-europa-deal/ https://www.breakingtravelnews.com/news/article/iag-agrees-to-half-price-air-europa-deal/ Having initially signed to pay €1 billion for the carrier in November 2019, the European aviation giant has now approved a deal valued at €500 million. Wed, 20 Jan 2021 09:40:38 +0000 https://www.breakingtravelnews.com/news/article/ferran-steps-into-role-as-iag-chairman/ https://www.breakingtravelnews.com/news/article/ferran-steps-into-role-as-iag-chairman/ International Airlines Group has confirmed that Antonio Vazquez has retired as a director of the company and chairman of the board. As previously announced, Javier Ferran has succeeded him as chairman. Fri, 08 Jan 2021 10:47:04 +0000 https://www.breakingtravelnews.com/news/article/iag-rejigs-ownership-structure-to-accommodate-brexit/ https://www.breakingtravelnews.com/news/article/iag-rejigs-ownership-structure-to-accommodate-brexit/ International Consolidated Airlines Group has implemented plans it says will ensure that its EU licensed airlines continue to comply with current ownership and control rules following Brexit. Mon, 04 Jan 2021 08:45:12 +0000 https://www.breakingtravelnews.com/news/article/iag-cargo-returns-to-incheon-in-south-korea/ https://www.breakingtravelnews.com/news/article/iag-cargo-returns-to-incheon-in-south-korea/ IAG Cargo has announced a return of its direct service from the United Kingdom to South Korea. The route was paused earlier this year due to the Covid-19 pandemic. Fri, 27 Nov 2020 04:57:45 +0000 https://www.breakingtravelnews.com/news/article/iag-reports-huge-losses-for-third-quarter/ https://www.breakingtravelnews.com/news/article/iag-reports-huge-losses-for-third-quarter/ International Airlines Group has reported an operating loss of €1.3 million for the third quarter, down from a profit of €1.4 million for the same three months last year. Fri, 30 Oct 2020 09:34:54 +0000 https://www.breakingtravelnews.com/news/article/iag-cuts-further-capacity-as-losses-continue-to-mount/ https://www.breakingtravelnews.com/news/article/iag-cuts-further-capacity-as-losses-continue-to-mount/ International Airlines Group has reported a loss of €1.3 billion for the third quarter and confirmed it will make further capacity cuts for the rest of the year. Thu, 22 Oct 2020 06:21:02 +0000 https://www.breakingtravelnews.com/news/article/doyle-steps-up-as-british-airways-chief-executive/ https://www.breakingtravelnews.com/news/article/doyle-steps-up-as-british-airways-chief-executive/ Alex Cruz, chairman and chief executive British Airways, is to step down from the roles with immediate effect. He will remain with the airline as non-executive chairman. Mon, 12 Oct 2020 07:34:47 +0000 https://www.breakingtravelnews.com/news/article/iag-cuts-further-capacity-as-recovery-stalls/ https://www.breakingtravelnews.com/news/article/iag-cuts-further-capacity-as-recovery-stalls/ The group – which owns British Airways, Iberia and Aer Lingus – said it now plans to operate 40 per cent of its 2019 capacity during the autumn. Thu, 10 Sep 2020 07:54:26 +0000 https://www.breakingtravelnews.com/news/article/sanchez-prieto-takes-up-leadership-of-iberia/ https://www.breakingtravelnews.com/news/article/sanchez-prieto-takes-up-leadership-of-iberia/ Sánchez-Prieto has served as strategic planning and finance manager at Iberia during the period in which the company returned to profitability following several years of losses. Wed, 09 Sep 2020 15:13:43 +0000 https://www.breakingtravelnews.com/news/article/gallego-takes-over-leadership-of-iag-as-walsh-departs/ https://www.breakingtravelnews.com/news/article/gallego-takes-over-leadership-of-iag-as-walsh-departs/ Luis Gallego has taken up the role of chief executive with International Airlines Group. He was previously chairman and chief executive of Iberia, and took on the top job after the annual general meeting. Tue, 08 Sep 2020 17:02:10 +0000 https://www.breakingtravelnews.com/news/article/collapse-in-traffic-pushes-iag-into-second-quarter-loss/ https://www.breakingtravelnews.com/news/article/collapse-in-traffic-pushes-iag-into-second-quarter-loss/ International Airlines Group has reported an operating loss of €1.3 billion before exceptional items for the second quarter, compared to a profit of €960 million last year. Fri, 31 Jul 2020 08:37:32 +0000 https://www.breakingtravelnews.com/news/article/vazquez-to-step-down-as-iag-chairman/ https://www.breakingtravelnews.com/news/article/vazquez-to-step-down-as-iag-chairman/ Having reached nine years in office last January, the maximum recommended in the UK corporate governance code, Antonio Vázquez will step down in January. Fri, 31 Jul 2020 08:33:34 +0000 https://www.breakingtravelnews.com/news/article/level-europe-files-for-insolvency-in-wake-of-covid-19-outbreak/ https://www.breakingtravelnews.com/news/article/level-europe-files-for-insolvency-in-wake-of-covid-19-outbreak/ The short-haul division of International Airlines Group budget carrier Level is filing for insolvency. Branded as Level Europe, the division was operated by Anisec Luftfahrt. Fri, 19 Jun 2020 07:29:11 +0000 https://www.breakingtravelnews.com/news/article/walsh-argues-british-airways-acting-lawfully-in-jobs-dispute/ https://www.breakingtravelnews.com/news/article/walsh-argues-british-airways-acting-lawfully-in-jobs-dispute/ International Airlines Group chief executive, Willy Walsh, has rejected claims British Airways is acting unfairly toward staff as it seeks to downsize in the wake of the Covid-19 outbreak. Tue, 16 Jun 2020 09:34:29 +0000 https://www.breakingtravelnews.com/news/article/unite-seeks-to-block-iag-acquisition-of-air-europa/ https://www.breakingtravelnews.com/news/article/unite-seeks-to-block-iag-acquisition-of-air-europa/ Unite has informed EU commissioner for competition, Margrethe Vestager, that it intends to act as a third party opposing the acquisition of Air Europa by International Airlines Group. Thu, 11 Jun 2020 07:03:41 +0000 https://www.breakingtravelnews.com/news/article/iag-plans-meaningful-return-to-flying-in-july/ https://www.breakingtravelnews.com/news/article/iag-plans-meaningful-return-to-flying-in-july/ “The industry will adapt to new requirements in the same way that it has adapted to developments in security requirements in the past,” said IAG chief executive Willie Walsh. Thu, 07 May 2020 08:55:44 +0000 https://www.breakingtravelnews.com/news/article/british-airways-to-consult-on-12000-job-cuts/ https://www.breakingtravelnews.com/news/article/british-airways-to-consult-on-12000-job-cuts/ British Airways has begun discussions with unions over as many as 12,000 job cuts at the airline. The proposed restructuring and redundancy programme is necessary as demand for travel is unlikely to reach levels seen in 2019 for several years, the airline said. Tue, 28 Apr 2020 17:03:17 +0000 https://www.breakingtravelnews.com/news/article/british-airways-confirms-staff-furlough-in-uk/ https://www.breakingtravelnews.com/news/article/british-airways-confirms-staff-furlough-in-uk/ British Airways is making use of the Covid-19 job retention scheme on offer in the UK, with as many as 30,00 staff set to be furloughed. Under this scheme, employees will receive 80 per cent of their base pay and of certain allowances. Thu, 02 Apr 2020 16:55:50 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-scraps-annual-dividend/ https://www.breakingtravelnews.com/news/article/international-airlines-group-scraps-annual-dividend/ Stephen Gunning, chief financial officer for the company, said all profit for the financial year would now be allocated to the voluntary reserve in order to protect the liquidity of the company. Thu, 02 Apr 2020 12:54:37 +0000 https://www.breakingtravelnews.com/news/article/british-airways-extends-revolving-credit-facility/ https://www.breakingtravelnews.com/news/article/british-airways-extends-revolving-credit-facility/ British Airways-owner IAG added it was exploring a number of operational and treasury initiatives to improve further its cash flow and liquidity and would update the market in due course. Mon, 30 Mar 2020 10:34:54 +0000 https://www.breakingtravelnews.com/news/article/iag-announces-huge-capacity-cuts-walsh-to-remain-as-chief-executive/ https://www.breakingtravelnews.com/news/article/iag-announces-huge-capacity-cuts-walsh-to-remain-as-chief-executive/ International Airlines Group plans to cut capacity by at least 75 per cent in April and May as the company battles the coronavirus pandemic around the world. In light of the situation, chief executive Willie Walsh has also postponed his retirement. Mon, 16 Mar 2020 10:19:29 +0000 https://www.breakingtravelnews.com/news/article/profits-fall-at-iag-as-coronavirus-battle-continues/ https://www.breakingtravelnews.com/news/article/profits-fall-at-iag-as-coronavirus-battle-continues/ International Airlines Group has seen operating profit before exceptional items fall 5.7 per cent, to €3,285 million, for the year to December 31st. The group said it was currently unable to offer guidance on its 2020 financial performance as a result of the spreading coronavirus. Fri, 28 Feb 2020 09:33:03 +0000 https://www.breakingtravelnews.com/news/article/qatar-airways-boosts-iag-stake-to-25-per-cent/ https://www.breakingtravelnews.com/news/article/qatar-airways-boosts-iag-stake-to-25-per-cent/ Qatar Airways Group chief executive, Akbar Al Baker, stated: “Our investment to date has been highly successful and the announced increase in our shareholding is evidence of our continued support of IAG and its strategy.” Wed, 19 Feb 2020 08:45:43 +0000 https://www.breakingtravelnews.com/news/article/sanchez-prieto-appointed-chief-executive-of-iberia/ https://www.breakingtravelnews.com/news/article/sanchez-prieto-appointed-chief-executive-of-iberia/ The move follows the decision by Willie Walsh to step down as chief executive of International Airlines Group and the subsequent promotion of outgoing Iberia chief, Luis Gallego, to lead the body. Fri, 31 Jan 2020 09:56:19 +0000 https://www.breakingtravelnews.com/news/article/walsh-to-step-down-as-iag-chief-executive/ https://www.breakingtravelnews.com/news/article/walsh-to-step-down-as-iag-chief-executive/ Willie Walsh will step down from his role as chief executive of International Airlines Group later this year. He will stand down from the board on March 26th, and will retire on June 30th. Thu, 09 Jan 2020 09:27:09 +0000 https://www.breakingtravelnews.com/news/article/iag-continues-to-question-heathrow-expansion-costs/ https://www.breakingtravelnews.com/news/article/iag-continues-to-question-heathrow-expansion-costs/ International Airlines Group is calling on prime minister Boris Johnson and the incoming Conservative government to commission an independent assessment of expansion costs at Heathrow. Thu, 19 Dec 2019 10:15:25 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-to-acquire-air-europa-for-1bn/ https://www.breakingtravelnews.com/news/article/international-airlines-group-to-acquire-air-europa-for-1bn/ Air Europa is one of the leading private airlines in Spain, operating scheduled domestic and international flights to 69 destinations, including European and long-haul routes to Latin America, the United States of America, the Caribbean and North Africa. Mon, 04 Nov 2019 05:01:11 +0000 https://www.breakingtravelnews.com/news/article/pilot-strikes-weigh-on-iag-results-for-third-quarter/ https://www.breakingtravelnews.com/news/article/pilot-strikes-weigh-on-iag-results-for-third-quarter/ International Airlines Group has reported a third quarter operating profit of €1,425 million. The figure is down from the €1,530 million reported for the same period last year, with the organisation hit by pilot strikes at British Airways last month. Thu, 31 Oct 2019 09:07:35 +0000 https://www.breakingtravelnews.com/news/article/iag-lowers-annual-guidance-as-british-airways-strikes-take-toll/ https://www.breakingtravelnews.com/news/article/iag-lowers-annual-guidance-as-british-airways-strikes-take-toll/ International Airlines Group has said recent strikes at British Airways cost €137 million. The British Airline Pilots’ Association called members out in strike on September 9th and 10th in a dispute over pay and conditions. Thu, 26 Sep 2019 07:58:48 +0000 https://www.breakingtravelnews.com/news/article/iag-launches-heathrow-expansion-broadside/ https://www.breakingtravelnews.com/news/article/iag-launches-heathrow-expansion-broadside/ International Airlines Group has attacked Heathrow airport’s plans to make passengers stump up £3.3 billion in advanced costs for a third runway before planning permission is guaranteed. Wed, 21 Aug 2019 09:41:00 +0000 https://www.breakingtravelnews.com/news/article/iag-reports-960m-operating-profit-for-second-quarter/ https://www.breakingtravelnews.com/news/article/iag-reports-960m-operating-profit-for-second-quarter/ International Airlines Group has reported a second quarter operating profit of €960 million before exceptional items. The figure is an increase on the €900 million reported for the same period of 2018, with shares in the company up five per cent in response. Fri, 02 Aug 2019 10:57:11 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-sees-profits-slip-as-fuel-prices-rise/ https://www.breakingtravelnews.com/news/article/international-airlines-group-sees-profits-slip-as-fuel-prices-rise/ International Airlines Group has reported profit after tax before exceptional items of €70 million for the first quarter of 2019. The figure is down 62.6 per cent on the same period last year, while adjusted earnings per share were down 57.5 per cent on a pro forma basis. Fri, 10 May 2019 08:37:35 +0000 https://www.breakingtravelnews.com/news/article/dupuy-de-lome-to-step-down-from-iag-chief-financial-officer-role/ https://www.breakingtravelnews.com/news/article/dupuy-de-lome-to-step-down-from-iag-chief-financial-officer-role/ Enrique Dupuy de Lôme will be replaced by Steve Gunning, currently chief financial officer at British Airways, whose appointment as a board executive director will be proposed to the annual general meeting. Mon, 15 Apr 2019 10:18:57 +0000 https://www.breakingtravelnews.com/news/article/level-takes-off-for-amsterdam-from-luton/ https://www.breakingtravelnews.com/news/article/level-takes-off-for-amsterdam-from-luton/ London Luton Airport has welcomed a new airline, Level, which began operating flights to Amsterdam earlier. Level, which is owned by IAG Group, will fly from Luton to Amsterdam six days a week from. Thu, 11 Apr 2019 06:39:06 +0000 https://www.breakingtravelnews.com/news/article/boeing-welcomes-18.6bn-777x-order-from-british-airways/ https://www.breakingtravelnews.com/news/article/boeing-welcomes-18.6bn-777x-order-from-british-airways/ Reporting strong financial results today, International Airlines Group has also committed to purchasing up to 42 777X planes from Boeing. The commitment is valued at up to $18.6 billion at list prices. Thu, 28 Feb 2019 09:05:13 +0000 https://www.breakingtravelnews.com/news/article/iag-overcomes-rising-fuel-prices-to-report-sharp-increase-in-profits/ https://www.breakingtravelnews.com/news/article/iag-overcomes-rising-fuel-prices-to-report-sharp-increase-in-profits/ International Airlines Group has reported operating profit before exceptional items of €3,230 million for the year to December 31st, up 9.5 per cent on the prior year figure of €2,950 million. Thu, 28 Feb 2019 08:54:40 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-overcomes-rising-fuel-prices-to-report-strong/ https://www.breakingtravelnews.com/news/article/international-airlines-group-overcomes-rising-fuel-prices-to-report-strong/ International Airlines Group has reported operating profit of €1,460 million before exceptional items for the nine months to September 30th, up from €1,450 million last year. Fri, 26 Oct 2018 06:24:04 +0000 https://www.breakingtravelnews.com/news/article/profits-up-at-iag-but-french-air-traffic-control-strikes-take-toll/ https://www.breakingtravelnews.com/news/article/profits-up-at-iag-but-french-air-traffic-control-strikes-take-toll/ International Airlines Group has seen profits for the six months to June 30th increase to €835 million, up 5.7 per cent on the same period last year. Total revenue at the group was up 3.1 per cent, to €11.2 billion, while basic earnings per share were up more than 140 per cent to €0.68. Fri, 03 Aug 2018 08:32:13 +0000 https://www.breakingtravelnews.com/news/article/british-airlines-launch-complaint-against-french-air-traffic-controllers/ https://www.breakingtravelnews.com/news/article/british-airlines-launch-complaint-against-french-air-traffic-controllers/ International Airlines Group, Ryanair, easyJet and Wizz Air have submitted complaints to the European Commission against France as its air traffic controllers’ strikes restrict the fundamental principle of freedom of movement within the EU. Tue, 24 Jul 2018 11:44:00 +0000 https://www.breakingtravelnews.com/news/article/iag-adds-two-a330-200s-to-future-level-fleet/ https://www.breakingtravelnews.com/news/article/iag-adds-two-a330-200s-to-future-level-fleet/ International Airlines Group’s low-cost long-haul airline, Level, is expanding its fleet with two additional A330-200s, for delivery in 2019, taking its total order for the type to seven. Tue, 17 Jul 2018 15:40:00 +0000 https://www.breakingtravelnews.com/news/article/openskies-becomes-level-in-paris-with-first-departure/ https://www.breakingtravelnews.com/news/article/openskies-becomes-level-in-paris-with-first-departure/ The inaugural French flight on International Airlines Group’s long-haul, low-cost airline brand will arrive into Montreal at 21:30 with more than 300 passengers on board a new Airbus A330-200 aircraft. Mon, 02 Jul 2018 09:26:51 +0000 https://www.breakingtravelnews.com/news/article/iag-to-open-level-branded-base-in-vienna/ https://www.breakingtravelnews.com/news/article/iag-to-open-level-branded-base-in-vienna/ International Airlines Group is to launch a new low-cost Austrian subsidiary, branded as Level, with flights from Vienna starting on July 17th. The new subsidiary will have an Austrian air operator certificate and will be a base for four Airbus A321 aircraft. Thu, 28 Jun 2018 08:34:29 +0000 https://www.breakingtravelnews.com/news/article/norwegian-rejects-international-airlines-group-takeover/ https://www.breakingtravelnews.com/news/article/norwegian-rejects-international-airlines-group-takeover/ The board of Norwegian Air Shuttle has rejected two separate proposals from International Airlines Group in relation to an acquisition of 100 per cent of the share capital in the airline. Fri, 04 May 2018 08:14:40 +0000 https://www.breakingtravelnews.com/news/article/iag-sees-120m-increase-in-profits-for-first-quarter/ https://www.breakingtravelnews.com/news/article/iag-sees-120m-increase-in-profits-for-first-quarter/ International Airlines Group has reported a first quarter operating profit of €280 million, before exceptional items. The figure is a sharp increase on last year, when the group reported profits of €160 million. Fri, 04 May 2018 08:08:19 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-takes-stake-in-norwegian-as-it-mulls-acquisiti/ https://www.breakingtravelnews.com/news/article/international-airlines-group-takes-stake-in-norwegian-as-it-mulls-acquisiti/ International Airlines Group has acquired a 4.61 per cent minority ownership position in Norwegian Air Shuttle. The group – which owns British Airways, Aer Lingus and Iberia – said it considers the low-cost airline to be an “attractive investment” opportunity. Thu, 12 Apr 2018 12:18:35 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-sees-profits-rise-during-financial-2017/ https://www.breakingtravelnews.com/news/article/international-airlines-group-sees-profits-rise-during-financial-2017/ International Airlines Group has reported pre-tax profits of €2.49 billion for the year ended December 31st, up 5.6 per cent on the figure of €2.36 billion recorded the year before. Fri, 23 Feb 2018 10:48:20 +0000 https://www.breakingtravelnews.com/news/article/iag-calls-on-government-to-introduce-competition-into-heathrow-expansion/ https://www.breakingtravelnews.com/news/article/iag-calls-on-government-to-introduce-competition-into-heathrow-expansion/ The transport select committee should ensure the Civil Aviation Authority is given powers to force Heathrow Airport to introduce competition as it expands, International Airlines Group has argued. Tue, 20 Feb 2018 09:44:53 +0000 https://www.breakingtravelnews.com/news/article/iag-renews-calls-for-air-passenger-duty-reform/ https://www.breakingtravelnews.com/news/article/iag-renews-calls-for-air-passenger-duty-reform/ International Airlines Group has warned the government air passenger duty undermines Britain’s position as a global trading nation post-Brexit and reduces the chance of its new long-haul, low-cost airline brand Level flying from UK regions. Thu, 15 Feb 2018 10:25:34 +0000 https://www.breakingtravelnews.com/news/article/iberia-launces-new-flights-to-managua-nicaragua/ https://www.breakingtravelnews.com/news/article/iberia-launces-new-flights-to-managua-nicaragua/ The new Iberia flight will be the sole direct link between Europe and Nicaragua, which is becoming a popular adventure and cultural tourist destination, offering great beaches for sun and surfing, climbing in the country’s volcanoes and hills, as well as charming colonial cities like Granada, founded in 1524. Fri, 02 Feb 2018 09:32:43 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-calls-for-government-movement-on-chinese-visas/ https://www.breakingtravelnews.com/news/article/international-airlines-group-calls-for-government-movement-on-chinese-visas/ International Airlines Group is urging the prime minister to fulfil the government’s promise to introduce a new ten-year visa for Chinese visitors that it made over two years ago. Mon, 29 Jan 2018 11:15:19 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-confirmed-pursuit-of-niki/ https://www.breakingtravelnews.com/news/article/international-airlines-group-confirmed-pursuit-of-niki/ Following the opening of insolvency procedures for low-cost carrier Niki in Austria on Friday, International Airlines Group has confirmed it plans to continue with the acquisition of the assets of the stricken carrier. Tue, 16 Jan 2018 11:08:56 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-steps-in-to-purchase-stricken-niki/ https://www.breakingtravelnews.com/news/article/international-airlines-group-steps-in-to-purchase-stricken-niki/ International Airlines Group is to buy assets of the Austrian airline Niki, formerly part of the airberlin group. The deal is worth €20 million and will provide liquidity to Niki of up to €16.5 million. Sat, 30 Dec 2017 11:06:03 +0000 https://www.breakingtravelnews.com/news/article/iag-warns-uk-government-to-keep-heathrow-costs-in-check/ https://www.breakingtravelnews.com/news/article/iag-warns-uk-government-to-keep-heathrow-costs-in-check/ International Airlines Group is urging the government to make Heathrow airport provide a detailed breakdown of its expansion costs to ensure airlines’ customers are not ripped off. Mon, 18 Dec 2017 13:58:13 +0000 https://www.breakingtravelnews.com/news/article/iag-takes-level-brand-to-paris-with-new-orly-flights/ https://www.breakingtravelnews.com/news/article/iag-takes-level-brand-to-paris-with-new-orly-flights/ International Airlines Group will launch flights to Montreal, New York, Guadeloupe and Martinique from Paris Orly from July 2018 via Level - its low cost long-haul airline brand. Tue, 28 Nov 2017 11:20:18 +0000 https://www.breakingtravelnews.com/news/article/iag-overcomes-bad-weather-and-terror-to-report-increase-in-profits/ https://www.breakingtravelnews.com/news/article/iag-overcomes-bad-weather-and-terror-to-report-increase-in-profits/ International Consolidated Airlines Group has reported a third quarter operating profit of €1,455 million before exceptional items. The figure is up from the €1,205 million reported last year. Fri, 27 Oct 2017 08:26:33 +0000 https://www.breakingtravelnews.com/news/article/avis-budget-group-expands-iag-partnership/ https://www.breakingtravelnews.com/news/article/avis-budget-group-expands-iag-partnership/ Avis Budget Group and International Airlines Group have renewed and expanded their global partnership. As part of the exclusive multi-year deal, Avis Car Rental and Budget Car Rental will be the only car rental brands available for booking through British Airways, Iberia and Iberia Express. Fri, 20 Oct 2017 08:51:06 +0000 https://www.breakingtravelnews.com/news/article/carlson-wagonlit-travel-signs-multi-year-distribution-agreement-with-iag/ https://www.breakingtravelnews.com/news/article/carlson-wagonlit-travel-signs-multi-year-distribution-agreement-with-iag/ Carlson Wagonlit Travel has announced a multi-year distribution agreement with British Airways and Iberia Airlines, enabling CWT customers to avoid the airlines’ proposed surcharge on bookings created within participating global distribution systems that agree to these terms with IAG. Tue, 17 Oct 2017 06:06:45 +0000 https://www.breakingtravelnews.com/news/article/flight-centre-travel-group-reaches-distribution-deal-with-iag/ https://www.breakingtravelnews.com/news/article/flight-centre-travel-group-reaches-distribution-deal-with-iag/ Flight Centre Travel Group, including its flagship global corporate travel division FCM Travel Solutions, has reached a multi-year agreement with British Airways and Iberia meaning customers in the UK and Ireland will be exempt from the airlines’ new £8 surcharge per fare component on GDS bookings. Fri, 13 Oct 2017 03:46:31 +0000 https://www.breakingtravelnews.com/news/article/iag-launches-vueling-club-to-frequent-fliers/ https://www.breakingtravelnews.com/news/article/iag-launches-vueling-club-to-frequent-fliers/ Vueling has announced the launch of its new customer loyalty programme, Vueling Club, in partnership with Avios. The new programme replaces Vueling’s previous Punto programme and offers members new benefits including free flights and more ways to get points from travel and everyday purchases. Fri, 13 Oct 2017 03:11:07 +0000 https://www.breakingtravelnews.com/news/article/avis-budget-group-renews-global-partnership-with-iag/ https://www.breakingtravelnews.com/news/article/avis-budget-group-renews-global-partnership-with-iag/ Avis Budget Group and International Airlines Group, one of the world’s largest airline groups carrying more than 100 million passengers each year, have renewed and expanded their global partnership. Mon, 09 Oct 2017 14:05:59 +0000 https://www.breakingtravelnews.com/news/article/new-head-of-alliance-for-vueling/ https://www.breakingtravelnews.com/news/article/new-head-of-alliance-for-vueling/ Vueling has appointed Nick Ashton to the role of head of alliances. The newly created position, linked to Vueling Next, has a remit to maximise existing relationships and develop the company’s alliances strategy with a focus on customer experience and commercial optimisation. Fri, 08 Sep 2017 08:25:02 +0000 https://www.breakingtravelnews.com/news/article/vueling-to-launch-new-customer-loyalty-programme/ https://www.breakingtravelnews.com/news/article/vueling-to-launch-new-customer-loyalty-programme/ Vueling will soon launch its new loyalty programme Vueling Club to replace the current Punto programme. From autumn 2017, Vueling customers will be able to collect and spend Avios to get free flights from the airline. Fri, 25 Aug 2017 09:38:45 +0000 https://www.breakingtravelnews.com/news/article/soaring-profits-at-international-airlines-group-in-first-half-of-2017/ https://www.breakingtravelnews.com/news/article/soaring-profits-at-international-airlines-group-in-first-half-of-2017/ International Consolidated Airlines Group has reported second quarter operating profit of €805 million before exceptional items for the six months to June 30th. Passenger unit revenue at the group - which operates Iberia and British Airways - for the quarter was up 1.5 per cent, or four per cent at constant currency. Fri, 28 Jul 2017 13:28:14 +0000 https://www.breakingtravelnews.com/news/article/iag-orders-new-aircraft-for-level/ https://www.breakingtravelnews.com/news/article/iag-orders-new-aircraft-for-level/ International Airlines Group is converting three Airbus A330-200 long-haul aircraft options into firm orders for Level, its new low cost long-haul airline brand which started operations in early June. Mon, 24 Jul 2017 09:52:52 +0000 https://www.breakingtravelnews.com/news/article/iberia-places-order-for-20-airbus-a320neo-aircraft/ https://www.breakingtravelnews.com/news/article/iberia-places-order-for-20-airbus-a320neo-aircraft/ Iberia chairman Luis Gallego has disclosed that the Spanish airline has made a firm order to acquire 20 new Airbus A320neo aircraft to modernise its short- and medium-haul fleet. The aircraft will be delivered from the first half of 2018 through 2021. Wed, 28 Jun 2017 11:39:35 +0000 https://www.breakingtravelnews.com/news/article/level-prepares-to-take-off-in-crowded-trans-atlantic-market/ https://www.breakingtravelnews.com/news/article/level-prepares-to-take-off-in-crowded-trans-atlantic-market/ International Airlines Group will today launch Level, a new low-cost trans-Atlantic carrier. The first flight from the new airline will leave Barcelona on route to Los Angeles. Thu, 01 Jun 2017 05:51:22 +0000 https://www.breakingtravelnews.com/news/article/iag-to-introduce-gds-booking-fees-at-british-airways-and-iberia/ https://www.breakingtravelnews.com/news/article/iag-to-introduce-gds-booking-fees-at-british-airways-and-iberia/ International Airlines Group carriers British Airways and Iberia will introduce a fee for travel agents using third-party global distribution systems from November. A fee of £8 per booking will be charged from November 1st. Tue, 30 May 2017 10:45:53 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-reports-uptick-in-profits-for-first-quarter/ https://www.breakingtravelnews.com/news/article/international-airlines-group-reports-uptick-in-profits-for-first-quarter/ International Consolidated Airlines Group has reported first quarter operating profit of €170 million before exceptional items, up from €155 million during the same period last year. Fri, 05 May 2017 09:21:22 +0000 https://www.breakingtravelnews.com/news/article/level-flights-go-live-on-vueling-website/ https://www.breakingtravelnews.com/news/article/level-flights-go-live-on-vueling-website/ Flights on Level can now be booked via the website of its sister airline Vueling in addition to flylevel.com. Customers from across Vueling’s 137 European destinations can book flights to the airline’s home base at Barcelona which connect onto Level’s long-haul network with a single ticket. Mon, 01 May 2017 10:33:48 +0000 https://www.breakingtravelnews.com/news/article/international-airlines-group-to-launch-long-haul-carrier-level/ https://www.breakingtravelnews.com/news/article/international-airlines-group-to-launch-long-haul-carrier-level/ International Airlines Group is launching LEVEL - a new low cost long-haul airline brand. The carrier will take to the skies in June, with flights from Barcelona to Los Angeles, San Francisco (Oakland), Buenos Aires and Punta Cana. Fri, 17 Mar 2017 11:40:44 +0000 https://www.breakingtravelnews.com/news/article/iag-sees-pre-tax-profits-rise-for-financial-2016/ https://www.breakingtravelnews.com/news/article/iag-sees-pre-tax-profits-rise-for-financial-2016/ International Airlines Group has reported pre-tax profits of €2.5 billion before exceptional items for the year to December 31st, 2016. The figure is up 32.7 per cent on that of 2015. Fri, 24 Feb 2017 09:40:42 +0000 https://www.breakingtravelnews.com/news/article/iberia-expands-madrid-barcelona-air-bridge-with-vueling-partnership/ https://www.breakingtravelnews.com/news/article/iberia-expands-madrid-barcelona-air-bridge-with-vueling-partnership/ Iberia has unveiled its new walk-on air shuttle service between Madrid and Barcelona, known as the Puente Aéreo. The airline hopes the redesigned service will maintain its existing advantages, while adding flexibility, new facilities for customers, and more flights to choose from, thanks to the agreement reached with Vueling to operate this route jointly. Mon, 13 Feb 2017 09:00:08 +0000 https://www.breakingtravelnews.com/news/article/iag-carries-100m-passengers-in-2016/ https://www.breakingtravelnews.com/news/article/iag-carries-100m-passengers-in-2016/ International Airlines Group carried more than 100 million passengers in 2016, a record for the group. In total, Aer Lingus, British Airways, Iberia and Vueling carried 100,675,056 passengers which was up by 14 per cent compared to 2015. Mon, 09 Jan 2017 15:17:35 +0000 https://www.breakingtravelnews.com/news/article/iag-to-develop-low-cost-carrier-from-barcelona-base-as-transatlantic-compet/ https://www.breakingtravelnews.com/news/article/iag-to-develop-low-cost-carrier-from-barcelona-base-as-transatlantic-compet/ International Airlines Group is mulling the launch of a new low-cost transatlantic carrier to rival the growth of Norwegian Airlines. IAG - owner of British Airways, Iberia, Aer Lingus and Vueling – is planning to use Airbus A330s from Barcelona, the home base of Vueling. The move will allow Vueling to provide feeder traffic for long-haul services. Fri, 06 Jan 2017 09:33:21 +0000 https://www.breakingtravelnews.com/news/article/iag-chief-executive-walsh-criticises-government-chinese-visa-delay/ https://www.breakingtravelnews.com/news/article/iag-chief-executive-walsh-criticises-government-chinese-visa-delay/ International Airlines Group has criticised a year’s delay in introducing a ten year visa for Chinese visitors that would drive business and create jobs. The plan was announced in October 2015 during the Chinese state visit to the UK. Willie Walsh, chief executive of IAG, said: “China is the world’s second largest economy and we need to do all we can to encourage these trade links. Tue, 06 Dec 2016 15:28:08 +0000 https://www.breakingtravelnews.com/news/article/travelport-inks-deal-with-vueling/ https://www.breakingtravelnews.com/news/article/travelport-inks-deal-with-vueling/ Travelport has signed a new agreement with Vueling, which sees the Spanish low-cost airline sign up for Travelport’s industry leading airline merchandising solution, Travelport Rich Content & Branding. The agreement continues Travelport’s long standing relationship with Vueling, and parent company International Airlines Group, and demonstrates the value the airline sees in Travelport’s innovative merchandising and retailing technology. Sat, 03 Dec 2016 12:35:31 +0000 https://www.breakingtravelnews.com/news/article/iag-to-rollout-wi-fi-across-short-haul-fleet-from-summer-2017/ https://www.breakingtravelnews.com/news/article/iag-to-rollout-wi-fi-across-short-haul-fleet-from-summer-2017/ International Airlines Group will introduce high speed inflight Wi-Fi across its airlines’ short-haul fleets having reached agreement with Inmarsat to be the launch customer of its next generation European air to ground connectivity. Up to 341 short-haul aircraft will be fitted with Inmarsat’s next generation connectivity services to provide a 4G broadband network, giving customers the internet access they expect on the ground while in the air. Thu, 03 Nov 2016 09:59:42 +0000