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 the period resulting in a 10.5% reduction in capacity from Q1 2019. Significant losses on fuel hedging derivatives and foreign exchange transactions were also cited as contributing factors to the…
International Airlines Group (IAG) announced Thursday that chief executive officer Willie Walsh will step down from his current role and the board of IAG on March 26 and will formally retire on June 30. The chairman of IAG Antonio Vázquez praised Walsh’s achievements at the multi-national airline holding company which…
With low-cost transatlantic carriers digging into the bottom lines of major airlines, the response by many has been to reduce services and increase revenue through ancillary fees. However, the International Airlines Group (IAG), the parent company of airlines such as British Airways, Iberia and Aer Lingus, had decided to take…
IAG’s low-cost subsidiary LEVEL announced plans to start new routes from its Spanish hub in Barcelona to New York and Santiago de Chile, according to RoutesOnline. Service to Santiago, the airline’s second South American destination following Buenos Aires, will begin in March, while service to New York will begin in…
London's Gatwick Airport had its busiest September on record this year, with passenger numbers reaching 4.5 million. The airport, which was ranked as the U.K.'s second busiest airport by passenger numbers, said in a press release that their North Atlantic routes saw high growth rates at an overall 20.5 percent,…
Three Airbus A321s with LEVEL's livery will arrive into their new base in Vienna, Austria this week, from where they will start operating routes within Europe next July. From Schwechat, they will fly to Malaga, Barcelona, Ibiza, Venice, Milan, Paris and Gatwick. Last January, IAG announced that it will expand its…
Since the introduction of numerous low-cost airlines to the transatlantic market, access to Europe has never been easier or cheaper. New fuel-efficient aircraft and low-cost business models have allowed for increased competition among low-cost carriers, with more and more starting up every year. This series will serve to give an in-depth…
From July 2018, the International Airlines Group (IAG) will launch new flights from Paris to Montreal, Newark, Guadeloupe, and Martinique under thr brand LEVEL, the company’s low-cost long-haul brand. LEVEL was founded in early 2017 by IAG partly in reaction to low-cost long-haul carriers such as Norwegian Air Shuttle, who…
International Airlines Group (IAG), the owner of British Airways, Aer Lingus, Iberia, and Vueling, announced they would be launching a new long-haul airline called Level. The airline will be the fifth airline brand under IAG operation. The airline will be based in Barcelona, Spain and will fly to four destinations starting in…
