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The Latest Breaking News from Luis Gallego

BA owner’s profits rise by 20% despite drop in passenger numbers last year

IAG reports record operating profits on margins of more than 15% at British Airways and sister airline Iberia

The Guardian - UK

British Airways parent company reports soaring profits amid strong demand

International Airlines Group, which also owns Aer Lingus, said its operating profit increased by 17.3 per cent last year to 5.0 billion euros (£4.4 billion)

The Independent UK

British Airways owner reports 2% increase in earnings but pre-tax profits fall

IAG chief executive Luis Gallego hailed the company’s performance.

Evening Standard

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Heathrow’s third runway ‘is going to be empty’ if it means high fees, says BA owner

IAG warns price paid per passenger could double under airport’s plans to invest almost £50bn in expansion

The Guardian - UK

BA’s owner says Arora’s plan for shorter third runway at Heathrow is ‘credible’

International Airlines Group chief executive Luis Gallego said ‘competition is good to improve things’.

Evening Standard

British Airways took £40m hit from power outage that closed Heathrow

Airline assesses options but there is no automatic form of recovery from insurers or the airport

The Guardian - UK

Transatlantic ticket sales lift British Airways and IAG to ever higher annual profits

International Airlines Group says results reflect turnaround investment in BA as passenger numbers rebound

The Guardian - UK

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BA’s owner warns it would not back Heathrow expansion without fees overhaul

IAG)chief executive Luis Gallego said the regulatory model used to determine the west London airport’s charges is ‘not fit for purpose’.

Evening Standard

British Airways owner IAG outperforms rivals with profits up 15%

Group expects ‘strong financial performance to continue’ as it announces €350m share buyback scheme

The Guardian - UK

British Airways owner IAG records surge in earnings

International Airlines Group reported an operating profit for the first three months to the end of September of 2.0 billion euro (£1.7 billion).

Evening Standard

FTSE 100 Live 08 November: British Airways owner IAG soars on results beat, retail stocks struggle

IAG shares soared in the FTSE 100 index today after the British Airways owner reported a bumper summer.

Evening Standard

British Airways Parent IAG Drops Bid For Air Europa

Airline giant IAG, owner of Spanish airline Iberia and British Airways, said Thursday it had dropped its bid to buy Spain's Air Europa due to the "current regulatory environment".

International Business Times

British Airways owner’s annual profits soar to £2.3bn on leisure boom

IAG says demand has remained robust despite UK recession, with capacity close to pre-Covid levels

The Guardian - UK

Strong demand drives profits record at British Airways owner IAG

Group says it will use third-quarter earnings of £1.52bn to invest in the business and reduce its debt

The Guardian - UK

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The Independent UK

IAG profits up 56% due to ‘strong demand across all routes’

The business said pre-tax profit rose from just over one billion euros in the third quarter of last year to 1.6 billion euros.

The Independent UK

British Airways parent IAG sees record profits from higher fares despite IT meltdowns

Airline boss admits ‘some of our operations are not where we would want them to be’

The Independent UK

British Airways parent company predicts big profits in 2023

BA operated only 70% of its 2019 schedule last year due to resource shortages

The Guardian - UK

BA owner ‘worried’ over Heathrow’s readiness for summer

IAG returns to profit, making £1.1bn in 2022, as travel industry bounces back from Covid

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The Guardian - UK

BA owner raises profit forecasts as airline revenues return to pre-Covid levels

IAG says leisure holidays main driver of resurgence while business travel continues to recover

Evening Standard

BA chief calls Heathrow chaos “acute” as airline cuts passenger capacity forecasts

Airline says bookings for the fourth quarter “seasonally low” for this time of year but returns to profit

Wales Online

British Airways, Iberia, Vueling and Aer Lingus axe flights as group tackles staff shortage

The airline needs to recruit 6,000 workers having made thousands redundant

The Independent UK

British Airways parent IAG hit by huge losses but eyes return to post-Covid profit

First-quarter losses were much worse than predicted because of staffing and reliability problems

The Independent UK

OLD British Airways parent IAG hit by huge losses amid cancellations but eyes return to post-Covid profit

First-quarter losses were much worse than predicted because of staffing and reliability problems

Evening Standard

British Airways owner reports another heavy loss in first quarter

International Airlines Group takes £624 million drop as it flies through pandemic jetwash

The Guardian - UK

BA owner says recovery of business travel will drive return to profit

More trips by wealthy passengers as Covid controls eased also improved demand for IAG in first quarter

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