International Airlines Group News
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.
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.
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.
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.
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.
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.
Dupuy de Lôme 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.
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.
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.
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.
International Airlines Group overcomes rising fuel prices to report strong profits
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.
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.