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 a restated loss of €2,182 million ($2,592 million) for the same period in 2020. Luis Gallego IAG chief executive said: “All our airlines continue to take significant actions to preserve…
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…
International Airlines Group (IAG) has announced an operating loss of 7.426 billion Euros ($9 billion) for the full 2020 financial year, a massive drop in comparison to the 3.285 billion Euro operating profit the conglomerate posted in the 2019 financial year. “Our results reflect the serious impact that Covid-19 has…
During this COVID-19 pandemic, many airlines have arranged several agreements with their national governments to save the business. However, none of them expected this crisis to last so long, and some carriers are asking their national institutions for new funds to survive the months to come. That is the case…
Two more carriers are joining the CommonPass mobile app initiative to establish a common platform for digital information sharing in order to restart international traffic after it has been drastically reduced by the COVID-19 pandemic. JetBlue and Virgin Atlantic have joined United Airlines, Lufthansa and Swiss International Air Lines in…
International Airlines Group (IAG) — the parent company of British Airways, Aer Lingus and Iberia, among other carriers — seems to be looking to reduce the price it would pay to acquire Spanish carrier Air Europa, below the value of 1 billion euros ($1.18 billion) at which both carriers had…
The European Union Aviation Safety Agency (EASA) has reportedly given approval for the return of the Boeing 737 MAX to the region’s skies. The agency had reported on Sept. 11 that test flights of the aircraft had been completed in Vancouver, Canada due to Covid restrictions. Data from those test…
British Airways has announced its chief executive Alex Cruz has stepped down from his role with immediate effect, bringing an end to a four-year spell at the top of the British flag carrier. The announcement will bring smiles to many within the airline and to many of its frequent flyers…
Austrian registered short-haul airline LEVEL Europe has ceased trading with immediate effect citing the Covid-19 crisis for its application for insolvency. The carrier commenced operation in 2017 as ANISEC Luftfahrt, a subsidiary of Spain’s Vueling, operating six aircraft from the Airbus A320 family. The airline operated from Vienna to destinations…
The British government’s new COVID-19 quarantine policy, effective from June 8, has sprung escalating tensions between some of the country's largest airlines and the government itself. British Airlines, specifically, launched legal action in a bid to block the planned 14-day self-isolation plan for arrivals beginning Monday. In addition to a…
