The International Airlines Group (IAG) has delivered an astounding turnaround by posting a record operating profit for the first half of 2023 (1H23). The parent company of British Airways, Iberia, Vueling, LEVEL, and Aer Lingus achieved a €1.26 billion ($1.39 billion) result for 1H23. A contrast to the same period…
International Airlines Group (IAG) has agreed to purchase the remaining 80% stake of Air Europa that it did not already own from Spanish company Globalia. In announcing strong financial results for 2022 and a positive outlook for 2023, IAG revealed that it had finalized an agreement to pay 400 million…
Lufthansa recently announced a bid to acquire a minority stake in the Italian airline ITA Airways with an option to purchase the remaining shares in the future. A press release on Wednesday from the German carrier stated: ‘Today, the company submitted an offer to the Italian Ministry of Economy and…
The International Airlines Group (IAG) Anglo-Spanish multinational holding company formed on January 21, 2011, from the merger of the flag carriers of the United Kingdom and Spain, British Airways and Iberia, published its financial results for the third quarter of 2022 a few days ago. As of September 30, 2022,…
Shareholders of the International Airlines Group (IAG) have approved the consortium’s order for 50 Boeing 737 aircraft announced in May. Boeing has confirmed the order for the aircraft is now ‘firm’ and IAG will also have the option for 100 more. In IAG’s initial announcement which was given five months…
International Airlines Group (IAG) has announced on Thursday that they have reached an agreement with Boeing to order 25 737-8200 and 25 737-10 aircraft. The announcement also advises that the parent group of British Airways, Iberia, Vueling, Aer Lingus and LEVEL have the option for a further 100 aircraft in…
International Airlines Group (IAG) — the parent company of British Airways — is reportedly canceling plans to take over Spanish carrier Air Europa. Reuters reported that the deal to purchase Air Europa would have required IAG to make concessions to satisfy European regulators. The regulator had commenced an inquiry into…
International Airlines Group (IAG) announced its Q2 results on Friday that indicated progress in the consortium’s recovery from the pandemic. The parent company of the U.K. and European airlines including British Airways, Iberia, Vueling, Aer Lingus and LEVEL revealed an operating loss of €967 million ($1,148 million) that compares to…
Many European airlines have received assistance funds during the last year to survive the COVID-19 pandemic. The European Union and various national governments gave those funds with strict conditions, often forcing the carriers to present restructuring plans. One of the beneficiaries of such loans has been Vueling, the Spanish low-cost…
