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International Airlines Group News

IAG sets new $2bn long-term profit target

IAG sets new $2bn long-term profit target

13 November 2011 Airline News

International Airlines Group has set a new long-term operating profit target of around €1.5 billion in 2015. The airlines group said it expected to achieve annual synergies of €450 million in 2015, up from earlier predictions of €400 million.

Etihad and IAG in frame for Aer Lingus

Etihad and IAG in frame for Aer Lingus

18 October 2011 Airline News

Etihad Airways and International Airlines Group (IAG) have emerged as possible partners for troubled Irish carrier Aer Lingus. The Irish government is considering disposing of its 25 per cent stake in the carrier as it seeks to battle budget deficits.

Walsh goes on offensive over ‘hugely negative’ APD

Walsh goes on offensive over ‘hugely negative’ APD

5 October 2011 Airline News Tourism News

Willie Walsh, chief executive of International Airline Group, has called for the British government to look at the full negative effect Air Passenger Duty is having on the economy. For the good of the economy, Walsh argued chancellor of the exchequer George Osborne needed to look past the fixation with deficit reduction.

British Airways swoops for BMI landing slots at Heathrow

British Airways swoops for BMI landing slots at Heathrow

23 September 2011 Airline News

International Airlines Group has confirmed subsidiary British Airways will purchase six daily slot pairs at London Heathrow from bmi British Midland International. The slots will be used by British Airways from late October 2011 with the airline looking to expand both its long-haul and short-haul network at the airport.

IAG to launch new Avios customer loyalty scheme

IAG to launch new Avios customer loyalty scheme

2 September 2011 Airline News

Airmiles, BA Miles and Iberia Plus points are all to be scrapped as International Airlines Group mergers all three loyalty programmes. From November this year, and following the merger of Iberia and British Airways, a new loyalty programme – named Avios – will be launched.

Walsh eyes Portuguese TAP

Walsh eyes Portuguese TAP

1 August 2011 Airline News

International Airlines Group chief executive Willie Walsh has revealed his group is considering a bid for rival carrier TAP Portugal. TAP is being privatised by the Portuguese government as a condition of the recent bail-out of the country by the European Central Bank and International Monetary Fund.

IAG moves into black for first half of 2011

IAG moves into black for first half of 2011

29 July 2011 Airline News

International Airlines Group has defied seemingly industry wide gloom by swinging back into the black for the first half of financial 2011. IAG recorded a pre-tax profit of €39 million for the six months to June 30th, up from a loss of €419 million a year earlier.

Flying or Falling? The Future of the Global Aviation Industry

Flying or Falling? The Future of the Global Aviation Industry

27 July 2011 Focus

While perhaps the most global of industries, aviation has failed to create a truly global airline. But with rising fuel costs, falling prices and natural disasters all taking a toll, the crunch for legacy carriers across the globe is fast approaching. Here Breaking Travel News looks at the various strategies open to airlines as they seek to survive.

General Electric selected to power Iberia A330 planes

General Electric selected to power Iberia A330 planes

26 July 2011 Airline News

International Airlines Group has selected General Electric CF6-80E1 engines to power the eight Airbus A330 aircraft it currently has on order. According to carrier, the CF6-80E1 engines incorporate the latest technology with improved fuel efficiency, reduced emissions and a longer operating life.

Passenger numbers continue to rise at IAG

Passenger numbers continue to rise at IAG

6 July 2011 Airline News

Passenger numbers at International Airlines Group have continued to increase following the merger of British Airways and Spanish flag-carrier Iberia. The airlines jointly carried a total of 4.5 million passengers in June, compared with some 4.4 million in June 2010.

IAG warns over rising fuel despite strong revenue gains

IAG warns over rising fuel despite strong revenue gains

6 May 2011 Airline News

International Airlines Group, the company formed from the merger of British Airways and Iberia, has become the latest carrier to warned that high oil prices could cost it an additional €100m this year, whilst the Japan earthquake and Arabic uprisings have caused a similar dent. However its quarterly figures were otherwise solid with losses narrowing to €47m, down from €273m a year ago.