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.
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.
International Airlines Group (IAG) is converting 14 A320neo family options into firm orders for 11 A320neos and three A321neos.
International Airlines Group (IAG) has reached agreement with Boeing to order 25 737-8200 and 25 737-10 aircraft, plus 100 options.
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.
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.
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.
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.
The Competition & Markets Authority has a launched an investigation into the proposed takeover of Air Europa by International Airlines Group.
IAG has signed an agreement with Velocys, a sustainable fuels technology company, to acquire 220,000 tonnes of sustainable aviation fuel over ten years.
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.”