British Airways threatens to cut Heathrow flights if recovery-undermining airport charges don’t come down November 22, 2021 The boss of British Airways’ parent company warned today that the airline will cut Heathrow flights if proposed increases in charges are implemented, IAG chief executive Luis Gallego said the west London airport’s fees are already among the highest in the world and are becoming “more and more expensive”. In October, the Civil Aviation Authority [...]
FTSE 100: London markets mixed as rate jitters soften Standard Chartered’s boost July 28, 2023 The FTSE 100 had a subdued start to the day as interest rate jitters rippled across the Atlantic and weighed down the boost of Standard Chartered and British Airways owner IAG.
Ex British Airways boss slams tougher Omicron travel rules as ‘knee-jerk decision’ as UK firms worry about Christmas November 29, 2021 Former British Airways boss Willie Walsh has dubbed countries’ tighter quarantine and testing rules as a “knee-jerk decision”, after concerns over the new Omicron Covid variant. Walsh, who used to head the airline group International Airlines Group, said the new rules imposed “a massive financial damage to the tourism and airline industry.” “It’s clear that [...]
CMA to investigate British Airways and Ryanair over lockdown flight refunds June 9, 2021 The UK’s markets watchdog has begun an investigation into British Airways and Ryanair today, to find whether they broke the law in not offering refunds for flights struck by lockdown laws. The Competition and Markets Authority (CMA) will be looking at a potential breach in consumers’ legal rights when they were left out of pocket [...]
Portland Oregon is the best of the West Coast – and a new direct flight makes visiting easy October 24, 2022 Portland Oregon is your new West Coast city visit, thanks to a new direct British Airways flight route
British Airways to launch own ‘vaccine passport’ March 14, 2021 British Airways will launch its own digital “vaccine passport” in time for the return of international travel in May. Those who have had two doses of the coronavirus vaccine will be asked to log their details in BA’s existing app. The step is part of moves to entice people back to flying when the current [...]
British Airways owner IAG sees losses shrink to €2.6bn as Covid travel restrictions ease – CityAM : CityAM November 5, 2021 The owner of British Airways and Iberia, IAG, reported a shrinking €2.6bn (£2.3bn) for the first nine months of 2021, with passenger numbers slowly returning to the skies. For the third quarter, the airlines group reported an operating loss of €452m compared to € 1.9bn for the same period last year. Also Read: Business travel [...]
British Airways owner IAG boosts liquidity with €800m convertible bond May 11, 2021 British Airways owner IAG is tapping investors for €800m to strengthen its balance sheet and take advantage of the easing of restrictions this summer. The FTSE-listed company has been hit hard by the pandemic with most of its fleet grounded due to travel restrictions. It has a weekly cash burn rate of €175m meaning its [...]
British Airways ‘could be spun out’ from owner IAG, says former airlines boss June 14, 2021 British Airways 'could be spun out' from owner IAG, says former airlines boss Willie Walsh
Analysts warn British Airways’ fortunes are tied to lucrative London to New York route May 7, 2021 British Airways owner IAG today said it is “ready to fly” but is pinning its hopes on urgent government action after tumbling to a €1.1bn loss in the first quarter. IAG’s fate lies heavily in the hands of reopening the profitable London to New York business travel market, according to analysts. Passenger capacity for the [...]