CDE News - The Dispatch

British Airways-owner IAG scales back summer ramp-up to avoid disruptions at Heathrow

LONDON, (Reuters) - British Airways-owner IAG cut back plans to ramp up short-haul flights to avoid disruption at Heathrow airport this summer, sending its shares skidding 8% on Friday after admitting it doesn't…

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British Airways-owner IAG says business travel recovering

LONDON, May 6 (Reuters) - British Airways-owner IAG ICAG.L said on Friday it had seen a strong recovery in business travel in the first quarter and it expected to be profitable from the second…

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War and oil threaten to overshadow BA owner’s pandemic recovery

LONDON, Feb 25 (Reuters) - British Airways-owner IAG cancelled flights to Moscow and pledged to avoid Russian airspace on Friday as the invasion of Ukraine and surging oil prices threatened its post-pandemic…

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BA-owner IAG says transatlantic bookings close to 2019 levels

The boss of the British Airways owner, IAG, said on Monday its transatlantic bookings had already reached nearly 100% of 2019 levels after the United States dropped restrictions earlier this…

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BA-owner IAG optimistic on transatlantic reopening despite 2021 losses

British Airways owner IAG is "very optimistic" about the reopening of transatlantic travel and planning to ramp up capacity on those routes next year, fuelling recovery hopes despite warning of…

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BA-owner IAG cautious on recovery, sees summer capacity rising to 45%

IAG said summer capacity would rise to 45% of pre-pandemic levels from 22% in the previous quarter, in the latest sign that a travel recovery is underway, although the British…

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British Airways-owner IAG cautious on short term flying recovery

British Airways-owner IAG on Friday forecast only a minimal pick-up in capacity to 25% for the April to June quarter, remaining cautious despite hopes that European travel will start to…

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Pandemic pushes BA-owner IAG to a 4.4 bln euro loss in 2020

British Airways-owner IAG posted a loss of 4.37 billion euros ($5.31 billion) for 2020 after a year of minimal flying and burning through cash, and it warned on Friday it…

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British Airways-owner IAG buys Air Europa in cut-price 500 million euro deal

British Airways and Iberia owner International Airlines Group has agreed to buy Spain's Air Europa for 500 million euros ($606.7 million), after the pandemic cut the price in half and…

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New IAG boss warns of more cuts as COVID crisis drags on

The new boss of British Airways-owner IAG warned he may have to strip even more costs from the business as a second wave of COVID-19 leaves its airlines staring at…

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British Airways-owner IAG reports 1.3 bln euro loss

British Airways-owner IAG reported a 1.3-billion-euro loss in the third quarter as coronavirus restrictions continue to depress travel, forcing it to further downgrade its capacity outlook for the rest of…

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Qatar Airways hikes stake in BA owner IAG

Qatar Airways Group has revealed it now owns more than a quarter of shares in British Airways owner International Airlines Group (IAG) after upping its stake. Qatar Airways increased its…

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