Airline stocks push FTSE 100 back into the red as coronavirus fears mount March 2, 2020 Airline stocks continued to plunge this morning as more flights were suspended on the back of growing fears over the spread of the coronavirus outbreak. British Airways owner IAG was the FTSE 100’s biggest faller, shedding another nine per cent this morning to land at 426.20. The fall means that since 23 February IAG has [...]
British Airways owner IAG warns of coronavirus hit to 2020 profit February 28, 2020 British Airways-owner IAG today said that it was “not possible” to give an accurate forecast for its full year profit as the coronavirus outbreak continued to disrupt the airline group’s operations. The firm said the net impact of current cancellations had lowered its capacity across the whole year by two per cent as the airline [...]
Qatar Airways buys $600m stake in British Airways owner IAG February 19, 2020 Qatar Airways has upped its holding in British Airways owner IAG to 25.1 per cent after buying an additional $604m (£465m) stake in the airline group. The Middle Eastern carrier previously owned a 21.4 per cent stake in IAG, which has seen its share price rise 52 per cent in the last six months. The [...]
British Airways flights ‘more carbon intensive’ than competitors’ January 17, 2020 Flying with British Airways can increase CO2 emissions by as much as 45 per cent per passenger compared to rival airlines, according to an investigation. The snapshot analysis found that one passenger flying from Heathrow to Miami with British Airways would be responsible for 1.13 tonnes of carbon. The same journey with Virgin Atlantic is [...]
Willie Walsh to step down as chief executive of British Airways owner IAG January 9, 2020 Willie Walsh, the outspoken CEO of British Airways’ owner International Airlines Group (IAG), is to step down, in a move likely to elicit a sigh of relief among politicians, union bosses and rival airline chiefs alike. IAG said this morning that Walsh, 58, would quit as chief executive in March, and officially retire on 30 [...]
British Airways owner IAG cuts growth forecast November 8, 2019 British Airways’ owner International Consolidated Airlines Group (IAG) cut its growth forecast for the next few years due to an expected slump in passenger capacity growth. The company said average earnings per share growth would be 10 per cent in the three years from 2020 to 2022, compared to a previous estimate of 12 per [...]
British Airways owner IAG pays €1bn for Air Europa November 4, 2019 British Airways’ parent company, IAG, has reached a €1bn deal to acquire rival Air Europa in a bid to bolster its presence in the South Atlantic. The deal means IAG can turn its Madrid hub into “a true rival” to the four European hubs of Amsterdam, Frankfurt, Heathrow and Paris Charles De Gaulle airports, the [...]
Virgin Atlantic in fresh broadside against British Airways owner over Heathrow slots October 17, 2019 A war of words between two of Britain’s two biggest airlines over take-off and landing slots at Heathrow escalated further this morning, as Virgin Atlantic’s boss launched a fresh salvo against the dominance of British Airways owner International Airlines Group (IAG) at the airport. Shai Weiss, Virgin Atlantic’s outspoken chief executive, revealed he had set [...]
British Airways boss says electric planes idea won’t fly until 2050 October 17, 2019 The boss of British Airways has thrown doubt over predictions electric planes could enter service over the coming decades. Alex Cruz, BA’s chief executive, said there was “limited opportunity” for electric aircraft entering the market up until 2050. When pressed on the matter, he said BA had consulted with academics and come to the conclusion [...]
Heathrow airport faces fresh calls to increase competition between airlines October 17, 2019 Heathrow airport has come under fresh pressure to increase competition between airlines, amid concerns over a monopoly by British Airways owner International Airlines Group (IAG). A survey has suggested 57 per cent of British travellers support more choice of airline at Heathrow, one day after the transport secretary backed calls for greater competition. Read more: [...]