British Airways owner IAG share price falls as airline reveals first-ever dividend October 30, 2015 International Airlines Group's share price fell this morning as the group announced its first dividend pay-out as revenues soar. The figures Operating profit climbed up to €1.25bn from €900m for the three months to 30 September. Excluding Aer Lingus, which it acquired this summer, the figures were still strong: that figure reached €1.21bn. Revenues climbed 15.2 per cent to €6.75bn. [...]
BA owner International Consolidated Airlines (IAG) reports dip in revenue and cites Brexit-related sterling weakening and strikes had €162m impact October 28, 2016 International Consolidated Airlines Group (IAG) has reported a dip in profit during the third quarter of 2016, citing recent weakness in the pound and a slew of air traffic control strikes. The figures Operating profit in the three months to 30 September was down 3.6 per cent to €1.2bn (£1.1bn) from €1.25bn in the same [...]
International Airlines Group passenger numbers jump as British Airways names Alex Cruz new boss November 6, 2015 International Airlines Group (IAG) said this morning passenger numbers jumped 16.6 per cent in October this year – as it named the new boss of British Airways. On a pro-forma basis, that increase was 7.6 per cent. Meanwhile, group capacity measured in available seat kilometres rose 13.2 per cent – up 4.3 per cent on [...]
IAG is on the hunt for high-flying startups to join a new accelerator October 4, 2016 International Airlines Group (IAG) has launched Hangar 51, a global accelerator programme, to sniff out the best budding aviation startups. The parent company of British Airways, Iberia and Aer Lingus is inviting new firms to pitch for a chance at joining Hangar 51, where they will work with the airline group to create “next generation [...]
Baggage handler Aviator pulls out of UK airports including Gatwick October 20, 2016 Scandinavian baggage handler Aviator is preparing to close its UK operations, spanning Gatwick, Manchester, Birmingham and Newcastle airports, ahead of Christmas. The move by Aviator, which is understood to be ending its contracts for financial reasons, is set for the end of November and would leave the four airports short of around 1,700 staff. It is [...]
FTSE 100 closes within a whisker of 7,000 as sterling pares some of its losses October 28, 2016 The FTSE 100 finished the week marginally higher – and within a whisker of the 7,000 mark. After a day of volatility, the UK's blue-chip index closed up 0.14 per cent, at 6,996 points, buoyed by a strong US GDP figure. It was pushed up by International Airlines Group, the British Airways owner, whose shares rose [...]
Flybe profits tumble after share price nosedived to an all-time low this week November 9, 2016 Half-year results for Flybe showed a slump in profits as it feels the effects of a falling pound, but chairman Simon Laffin is doing his best to find the positives. The figures There was a 12.8 per cent rise in group revenue to £383m thanks to higher passenger volumes in Flybe UK and increased revenue in [...]
Heathrow runway extension campaigners slash £2bn from projected costs September 18, 2016 Supporters of a plan to extend one of Heathrow's runways have cut their estimated costs for the project by almost a quarter in a bid to win government backing. The Heathrow Hub plan involves stretching their airports northern runway to 6.8km, and splitting it in half so that planes can take off and land at the [...]
EasyJet buckles in for a bumpy ride with profits set to take a tumble October 2, 2016 Budget airline EasyJet is braced for a sharp fall in pre-tax profits when it gives a trading update this week. A combination of terrorist attacks, air control strikes and a hefty price war with Ryanair have taken their toll on the carrier, analysts say. They are expecting profit before tax in the year to end [...]
Monarch Airlines flights to Sharm el-Sheikh cancelled until 24 January 2016 following EasyJet and British Airways lead after Russian MetroJet crash in Egypt holiday resort December 22, 2015 Monarch is the latest airline to cancel flights to Sharm el-Sheikh for the rest of the year, following an earlier move by EasyJet and British Airways. It comes in the wake of the Russian MetroJet plane crash near the popular holiday resort. It was later found to be caused by a bomb, for which Islamic State (IS) has claimed [...]