International Airlines Group News
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.
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.
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.
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.
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.
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.
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.
International Airlines Group takes stake in Norwegian as it mulls acquisition
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.
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.
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.
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.
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.