International Airlines Group (IAG) is launching an €800 million bond issue as the shutdown of international travel in response to Covid-19 continues. The group, which owns British Airways, Iberia and Aer Lingus, will offer the bonds on May 18th, with repayment due in 2028. The offering is being issued by IAG under the powers delegated […]
International Airlines Group (IAG) has become the first European airline group to commit to powering ten per cent of its flights with sustainable aviation fuel by 2030. The group will purchase one million tonnes of sustainable jet fuel per year enabling it to cut its annual emissions by two million tonnes by 2030. In addition, […]
International Airlines Group (IAG) has reported a huge loss for the third quarter and confirmed it will make further capacity cuts for the rest of the year. Total revenue at the group – which owns British Airways, Aer Lingus and Iberia – declined by 83 per cent to €1.2 billion over the past three months, […]
Luis Gallego has taken up the role of chief executive of International Airlines Group as Willie Walsh departs. Walsh had been expected to step down in the spring, but extended his tenure as the Covid-19 crisis engulfed the aviation sector. Gallego, who was previously chairman and chief executive of Iberia, stepped up earlier after the […]
International Airlines Group has confirmed further cuts to its planned schedule, with only ten per cent of flights now set to operate in April and May. In mid-March, the group – which owns Iberia, British Airways and Aer Lingus – had unveiled plans to cut three quarters of departures in response to the coronavirus pandemic. […]
International Airlines Group (IAG) announced today that Willie Walsh has decided to retire as chief executive. He will stand down from the role and from the Board of IAG on 26 March 2020 and will retire on 30 June 2020. Luis Gallego, currently Iberia chief executive, will succeed Willie. Antonio Vázquez, IAG chairman, said: “Willie […]
International Airlines Group (IAG) has selected the A321XLR to expand its fleet of highly efficient single aisles with a firm order for 14 aircraft. Of these, eight are destined for Iberia and six for Aer Lingus. IAG, the parent company of leading airlines also including British Airways, Level and Vueling, is one of Airbus’s largest […]
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. The company – which owns British Airways, Iberia, Aer Lingus and other European carriers – said it would issue an interim dividend of 14.5 cents per share. Passenger unit […]
International Airlines Group (IAG), the owner of British Airways, is purchasing the London Gatwick airport slots from the administrator of the recently-bankrupt UK carrier Monarch Airlines. British Airways, the largest airline in UK by the fleet size, is seen as the biggest beneficiary of the move as it allows expanding its presence at Gatwick. The […]
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. LEVEL will fly two new Airbus A330 aircraft branded in its own livery and fitted with 293 […]
