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IAG CEO Luis Gallego has called for international common testing standards and the introduction of digital health passes to reopen skies safely

Covid pushes Aer Lingus owner IAG to big loss for 2020

Aer Lingus and British Airways owner IAG has posted a loss after tax and exceptional items of €6.923 billion for 2020 after a year of minimal flying in the pandemic when it has burnt through cash.

Business • 26 Feb 21

Ms Embleton has been Chief Executive and Chairman of IAG Cargo since 2017

Lynne Embleton appointed CEO of Aer Lingus

Lynne Embleton has been appointed Chief Executive of Aer Lingus and will start her new role in April.

Business • 25 Feb 21

IAG said it continues to explore other debt initiatives to further improve its liquidity

IAG boosts its total liquidity by £2.45 billion

British Airways-owner IAG said it raised total liquidity by £2.45 billion, reaching final agreement for a £2 billion loan and through a deal to defer £450m of pension deficit contributions.

Business • 22 Feb 21

British Airways had received funding of £2 billion for a five-year term loan, which is partially guaranteed by UK Export Finance

IAG rejigs board following Brexit deal, BA gets funding

Aer Lingus and British Airways owner IAG said today it had changed the composition of its board to ensure a majority of independent EU non-executive directors following Brexit.

Business • 31 Dec 20

Aer Lingus controls 44% of the US-Ireland flight market, a figure that will rise to 60% for the alliance

Aer Lingus gets approval to join transatlantic venture

Aer Lingus has received final US approval to join a transatlantic joint venture with other major airlines.

Business • 22 Dec 20

Concerns continue about the Brexit impact on airlines, including IAG's Aer Lingus

Brexit clouds airline ownership as fix rebuffed

Spain, Ireland and Hungary have tried and failed to loosen EU airline ownership rules in a draft aviation deal with the UK, sources said, out of concern about Brexit's impact on IAG, Ryanair and Wizz Air.

Business • 21 Dec 20

IAG had originally agreed to buy Air Europa for €1 billion in November 2019

IAG set to buy Air Europa for €500m - report

Aer Lingus owner International Consolidated Airlines Group has agreed to buy Spanish carrier Air Europa for €500m with payment to be deferred until 2026.

Business • 18 Dec 20

BA owner IAG said it is 'confident' it will comply with the EU and the UK ownership and control rules post-Brexit transition period

IAG rejects Ryanair prediction for post-Brexit BA

Airline group IAG is confident of meeting all EU regulations relating to its ownership British Airways, it said after the group chief executive of rival Ryanair suggested it may have to jettison the UK flag carrier after Brexit.

Business • 08 Dec 20

Aer Lingus owner IAG has further downgraded its capacity outlook for the rest of the year

Aer Lingus owner IAG posts €1.3 billion loss in Q3

Aer Lingus and British Airways-owner IAG has reported a €1.3 billion loss in the third quarter as coronavirus restrictions continue to depress travel.

Business • 22 Oct 20

British Airways has been fined £20m for failing to protect data that left over 400,000 of its customers' details the subject of a 2018 cyber attack

British Airways hit with data watchdog's biggest fine

The UK data protection watchdog said it has fined British Airways £20m - its biggest such penalty to date - for failing to protect data that left more than 400,000 of its customers' details the subject of a 2018 cyber attack.

Business • 16 Oct 20

Aer Lingus CEO Sean Doyle is set to move to the top job at British Airways

IAG replaces BA CEO with Aer Lingus boss

Sean Doyle, the Aer Lingus chief executive, is to become the new chief executive of British Airways.

Business • 12 Oct 20

A British Airways Boeing 747 aircraft makes a flypast over London Heathrow airport on its final flight today

BA's 'Queen of the Skies' jumbos bid farewell

British Airways' last jumbo jets bade farewell to London this morning but cloud and driving rain prevented a rare synchronised dual take off for the "Queen of the Skies" which brought long-haul flights to the masses.

Business • 08 Oct 20

Willie Walsh said the approach of governments across Europe in stopping people from travelling has not done anything to stop the spread of Covid-19

Irish Govt view on travel one of most extreme - Walsh

The former boss of Aer Lingus owner IAG has said the Irish Government has adopted one of the most extreme views on travel around Europe which has effectively shut the island down.

Business • 22 Sep 20

BA chief executive Alex Cruz says the airline is running at 25-30% of its normal flight schedule

BA taking drastic action to make it through winter

British Airways is having to take every measure possible to make it through the winter because a fear of flying during the pandemic has destroyed any hope of a rapid return to normality, its boss said today.

Business • 16 Sep 20

Aer Lingus owner IAG in €2.7 billion rights issue

Aer Lingus and British Airways owner IAG has launched a heavily discounted rights issue today to raise €2.74 billion to help strengthen its finances, which have been squeezed by the coronavirus pandemic.

Business • 10 Sep 20

Willie Walsh had been CEO of IAG since the airline was created in 2011

IAG's CEO Walsh hands control to Gallego

Willie Walsh has passed control of IAG to Luis Gallego at the Aer Lingus and Iberia owner's annual meeting today, where shareholders were also asked to stump up billions of euros to help it through the coronavirus crisis.

Business • 08 Sep 20

Willie Walsh to step down as IAG CEO next Tuesday

Tough start for new boss of IAG as Walsh bows out

With an enviable reputation, IAG's CEO Willie Walsh would be a hard act to follow at the best of times, but his successor Luis Gallego will have to steer Aer Lingus, British Airways and Iberia out of the depths of the worst downturn in aviation history.

Business • 04 Sep 20

British Airways is burning through £20m a day and has said it needs to axe up to 12,000 jobs

BA increasingly likely to face strike action - union

British Airways is increasingly likely to face strike action this autumn, as the trade union representing cabin crew said that new contracts offered to the airline's remaining staff did not offer enough stability and could cut pay substantially.

Business • 21 Aug 20

Budget carrier Ryanair down was 4.7% in early trading.

UK quarantine decision hits airline stocks

European airline stocks have tumbled after Britain reimposed coronavirus quarantine on people arriving from France, in a new blow to already dented recovery hopes for the sector.

Business • 14 Aug 20

The airline said its passenger revenues fell to €315m from €936m last year

Aer Lingus reviewing operations at Cork and Shannon

Aer Lingus recorded an operating loss of €316m for the three months to the end of June compared to an operating profit of €78m the same time last year, figures from its parent IAG show today.

Business • 31 Jul 20

IAG's chief executive Willie Walsh said he would not be extending his tenure at the airline group again

IAG to raise €2.75 billion in equity as Covid-19 bites

Aer Lingus and British Airways owner IAG plans to raise €2.75 billion from shareholders to repair the coronavirus-sized hole in its finances and brace for a more chaotic future.

Business • 31 Jul 20

TUI, Europe's biggest holiday company, said on Sunday it had decided to cancel all holidays to mainland Spain up to and including August 9

UK travel stocks plunge after quarantine move on Spain

London-listed airlines and tour stocks fell sharply this morning as Britain imposed a two-week coronavirus quarantine on travellers returning from Spain and said it was watching cases in Germany and France closely.

Business • 27 Jul 20

Under the agreement, BA pilot pay cuts will start at 20% and will be reduced to 8% over the next two years

UK pilots union recommends accepting reduced BA pay

UK pilots' union BALPA is recommending that its 4,300 members accept British Airways' proposal of about 20% reduced pay and voluntary severance to limit the amount of forced job cuts, the union has said.

Business • 23 Jul 20

British Airways is the world's largest operator of Boeing 747 jumbo jets

British Airways retires fleet of Boeing's jumbo jets

British Airways, the world's largest operator of Boeing 747s, will retire its entire jumbo jet fleet with immediate effect after the coronavirus pandemic sent air travel into freefall.

Business • 17 Jul 20

Level Europe has six Airbus short-haul jets and is part of IAG-owned Vueling Group

IAG airline Level Europe files for insolvency

Austrian short-haul budget carrier Level Europe said today it plans to file for insolvency, becoming the latest airline casualty of the coronavirus crisis despite the financial might of parent IAG.

News • 18 Jun 20