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 airline based in Barcelona-El Prat airport. As part of the restructuring scheme following the European funds, the IAG carrier wants to execute an ambitious plan for digital innovation and the…
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…
Vueling, a low-cost carrier in Spain, announced a set of nine, new routes from popular coastlines and beach destinations in Spain like Palma de Mallorca and Barcelona to multiple Scandinavian destinations, including four new destinations. Leisure From Scandinavia Primarily, the Spanish-carrier will add flights from its hub in Barcelona, to…
Customers have taken up a class action lawsuit against El Al Israel Airlines at the Central District Court over its actions to refund customers whose flights have been canceled due to pandemic-related restrictions, the airline announced in a statement to the Tel Aviv Stock Exchange on 12 July. Israel’s flag carrier airline…
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…
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…
