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Showing results for Iberia Lineas Aereas De Espana S A
...IAG, which owns five airlines including British Airways and Spanish flag carrier Iberia, agreed in February last year to buy the 80 per cent of Air Europa it does not already own for about €400mn, after...
...The group shrugged off a series of air controller strikes in France during the first quarter, saying these had cost it less than €10mn at its main Charles de Gaulle and Orly airports in Paris....
...The deal would have boosted Iberia’s slot share in Madrid from less than 50 per cent to 60 to 70 per cent, said Alex Irving, an aviation analyst at Bernstein....
...Europe’s top transport official has criticised airline groups including IAG, owner of British Airways and Iberia, for not yet submitting their plans for meeting EU rules on ownership in the event of a no-deal...
...of British Airways and Iberia....
...Mr Walsh confirmed IAG had sold its shares in low-cost carrier Norwegian, which it had bought in 2018 as a prelude to a takeover....
...British Airways and Iberia parent IAG took a hit on Tuesday after MSCI said it would cut the stock from a benchmark of the Spanish market....
...The Atlantic Joint Business Agreement shares revenue between BA, American Airlines, Finnair and Iberia and allows pricing, capacity and scheduling co-ordination....
...Banks based in Catalonia were among the biggest fallers, with Banco de Sabadell down 6 per cent and CaixaBank down 4.6 per cent....
...Iberia said in a statement that was “an equal opportunity employer”....
...Within the group, BA made a first-half profit of €741m before exceptional items, up from €631m a year ago, while Iberia, the Spanish carrier, saw profits rise to €84m, up from a loss of €6m....
...The problems at British Airways – part of International Airlines Group, which also owns Iberia, Aer Lingus and Vueling – come less than a month after Delta, its US rival, was forced to ground all its flights...
...International Airlines Group, which owns Heathrow-based BA, Aer Lingus, Iberia and Vueling, said in the run-up to the British referendum it had experienced “a weaker than expected trading environment”....
...That opposition makes the extensive transatlantic networks operated by BA and Iberia, another IAG subsidiary, of increasing interest to Qatar....
...Before the BA-Iberia merger, neither airline had paid a dividend since 2008....
...In the two years since his appointment to the Board he has made a valuable contribution to the Partnership and I look forward to working with him in his new role....
...In the third quarter, BA posted a 35 per cent rise in operating profit to €825m. Iberia recorded a 23 per cent rise in profit to €200m....
...In July, Iberia reported a second-quarter operating profit of €51m, compared with €16m a year ago....
...IAG (owner of BA and Iberia) is another one to watch, having hinted at the possibility of reinstating its dividend in 2015....
...True, it has hedged nine-tenths of its fuel purchases this year at a painful $92 a barrel (against a market price of $63). So it looks to have less wiggle room than less-hedged IAG....
...Mr Walsh’s comments come as IAG, which also owns Iberia and low-cost carrier Vueling, said cost-cutting helped produce a 40 per cent jump in quarterly profits....
...Gulf carriers — bar Qatar — may put up a fight on Asia routes though. But productivity improvements at BA, Iberia and budget airline Vueling should be felt over the summer....
...IAG was formed in 2011 through the merger of BA and Iberia with the express purpose of leading consolidation in the aviation industry....
...Meanwhile IAG unveiled the airline group’s first operating profit in a traditionally slow first quarter since its creation through the merger of British Airways and Iberia of Spain in 2011....
...The owner of British Airways and Iberia can launch a new offer bearing the same seal of approval three months after the old one lapses....
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