IAG

International Airlines Group Posts Record Half-Yearly Profit

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 last year when the consortium […]

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IAG Acquires Full Control of Air Europa

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 Euros ($422 million) to acquire […]

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