British Airways owner IAG calls for airport testing as losses widen October 30, 2020 British Airways owner International Airlines Group (IAG) fell to a €5.56bn loss in the first nine months of the year as it warned passenger demand could take three-years to recover to pre-pandemic levels. The company this morning announced it had plunged to a loss after tax and exceptional items of more than €5bn this year [...]
British Airways boss: We are still ‘battling for survival’ September 16, 2020 The chief executive of British Airways has said that the airline is still “battling for its own survival” as travel disruption due to the coronavirus pandemic drags on. Speaking to the Transport Select Committee this morning, Alex Cruz said that the carrier was burning through £20m a day because of the downturn. However, he did [...]
Cyber hack: BBC, BA and Boots given dark web ultimatum by Russian crime gang June 7, 2023 A cybercrime gang, thought to be Russian, has threatened some of Britain's employers with the release of employees' personal data
British Airways suspends all flights from Gatwick due to second lockdown November 5, 2020 British Airways has reportedly scaled back its operations for November, including the suspension of all flights from Gatwick airport, due to the new lockdown in England. Already struggling with a hit to demand from the pandemic, the airline has also taken the decision to furlough more staff as it braces for a difficult winter. In [...]
Alex Cruz: Five days to forget for the outbound British Airways boss October 12, 2020 The travel world awoke to a shock this morning as it was announced that British Airways boss Alex Cruz would leave the firm with immediate effect. He departs with aviation mired in the deepest crisis in its history, with passenger numbers still at historic lows due to the coronavirus pandemic. The decision is the first [...]
Lammy urges ‘restraint’ after Israel-Hezbollah conflict escalates August 25, 2024 Foreign secretary David Lammy has urged Israel to show “restraint” after an exchange of fire with Lebanese militants Hezbollah on Sunday morning. The Israeli military carried out a series of air strikes in southern Lebanon early on Sunday, saying it had intelligence Hezbollah was planning to carry out an attack of its own. The Iran-backed [...]
British Airways’ last ever Boeing 747 flight touches down October 8, 2020 The last British Airways Boeing 747 flight from Heathrow has touched down at Kemble Airport in the Cotswolds. The iconic jet has had its retirement brought forward due to the slump in air travel caused by the Covid-19 pandemic. Two flights took off from Heathrow this morning, with the first touching down at St. Athan [...]
Heathrow vs airlines – dispute continues as parties given permission to appeal price cap May 11, 2023 Heathrow Airport and three major airlines have been granted permission to appeal the Civil Aviation Authority (CAA)’s decision on the Heathrow price cap this afternoon. The airlines, which are Virgin Atlantic, British Airways and Delta Air Lines, have been locked in a fierce dispute with Heathrow over the amount the airport can charge per passenger. [...]
Mayfair hedge fund takes £140m stake in British Airways owner October 15, 2020 One of the UK’s largest hedge funds has taken out a large position in embattled British Airways owner IAG amid the worst crisis in aviation history. £35bn Marshall Wace today disclosed a three per cent stake in the airlines group, making it one of IAG’s largest stockholders. The Mayfair-based fund has previously taken out short [...]
British Airways owner IAG will reportedly cut Air Europa purchase price to €400m November 17, 2020 British Airways owner IAG has reportedly managed to cut the price of its acquisition of Spanish airline Air Europa to €300m-€400m. A year ago, the airlines group agreed a €1bn deal to buy the low-cost carrier, but the deal has been delayed due to the coronavirus pandemic. But Spanish news site El Confidencial today said [...]