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…
Iberia announced this week that it is restoring services to most of its destinations in Latin America. The news comes as the Spanish government has re-opened Spain to more foreign travelers. The Spanish flag carrier will also be increasing frequencies to selected destinations for the summer season. Iberia's 2021 summer…
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…
After more than a year since the initial agreement was signed, Iberia has announced today the finalized acquisition of Air Europa. In November 2019, IAG, the parent company of Iberia, closed the purchase of Air Europa to create a great Spanish super-carrier, all while transforming Madrid Barajas Airport in one…
It has been a complicated week for Madrid Barajas Airport in Spain due to the snowstorm "Filomena" that hit the Spanish capital last weekend. On Friday 8 the snow began to fall in Madrid as it has not done it years, in the first hours of the storm Madrid Barajas…
In the summer of 2021 a new airline will be taking to the Spanish skies. Last week, World2Meet presented the image of its new carrier. World2Fly will be the next step of the Iberostar group to connect Spain and the Caribbean. Like many of its rivals, this tour operator seeks…
Uruguay's Minister of Tourism, Germán Cardoso, announced on Tuesday that Uruguay will reopen borders for tourism to European Union citizens. This decision was made after the resumption operations between Madrid and Montevideo in July have worked positively. According to Hosteltur, Uruguay's borders were opened to its citizens residing abroad, foreigners…
International Airlines Group (IAG), the parent company of British Airways, has announced a first-quarter (Q1) loss for 2020 of €535 million ($579 million). This compares with an operating profit of €135 million ($146 million) for the same period last year. Unsurprisingly the novel coronavirus (COVID-19) impacted the consortium’s operations for…
Iberia customers in the United States are now able to stopover for free in Madrid while traveling to or from any of the airline's 108 European, African and Middle Eastern destinations through their hub in the city. The "Stopover Hola Madrid" program allows American passengers to stay up to six…
