IAG

Aer Lingus operating profits soar by almost 14%

Aer Lingus has reported an operating profit was €305m for 2018, a record performance for the airline and an improvement of 13.8% (€37m) over last year.

IAG caps non-EU shareholdings ahead of Brexit

IAG, the owner of airlines British Airways, Aer Lingus and Iberia is capping ownership of its shares by non-Europeans at the current 47.5 percent level to maintain its status as a European-owned airline.

IAG boss says 'very confident' of Brexit aviation deal

Willie Walsh, the chief executive of Aer Lingus and British Airways owner IAG, said today he was "very confident" that London and Brussels would reach a "comprehensive agreement" on post-Brexit aviation.

IAG says it won't make another bid for Norwegian

Aer Lingus and British Airways owner IAG said today it would not make a new bid for Norwegian Air Shuttle and would sell its remaining stake in the company.

The shareholder puzzle facing airlines after Brexit

Airlines that will no longer be majority owned by EU nationals once Britain leaves the European Union face the threat of losing their right to fly within the bloc after Brexit due to share ownership rules.

Flybe shares soar on report of IAG now in takeover race

Flybe Group's shares surged 40% today after weekend reports that Richard Branson-founded Virgin Atlantic and Aer Lingus owner IAG will battle it out to buy the regional airline.

Aer Lingus to grow North American fleet to 30 planes

Aer Lingus is proposing to grow its North Atlantic fleet from 17 to 30 aircraft over the next five years.

IAG's Q3 profit slightly beats market estimates

Aer Lingus owner IAG today posted an unexpected profit increase as strong demand in Europe helped shield it from rising fuel prices that have hit the industry.

Norwegian Air hit with rising costs due to fuel prices

Budget airline Norwegian Air said its unit cost has increased due to higher fuel prices as it posted a third-quarter pre-tax result that lagged forecasts.

Competition watchdog to study British Airways alliance

The UK's competition watchdog will investigate a partnership between British Airways and other airlines on transatlantic routes ahead of the 2020 expiry of a previous deal, the regulator said today.

IAG's Level plans budget long-haul flights from Vienna

Aer Lingus and British Airways parent IAG plans to expand its long-haul network from Vienna with new budget brand Level, chief executive Willie Walsh said.

Norwegian Air swings to surprise net profit in Q2

Fast-growing budget airline Norwegian Air Shuttle swung to a surprise net profit in the second quarter as it continues to ramp up its transatlantic business.

IAG expands new airline Level into short-haul routes

Aer Lingus owner IAG is expanding its new airline Level into short-haul routes, setting up an Austrian division which will provide low-cost flights between Vienna and destinations in Europe.

Norwegian Air posts above-forecast May traffic growth

Budget carrier Norwegian Air saw higher-than-expected growth in capacity and passenger traffic in May, while income per customer was in line with forecasts.

Norwegian Air rises on report of renewed IAG interest

Shares in Norwegian Air soared today as investors reacted to a report of renewed interest in the budget carrier from Aer Lingus and British Airways-owner IAG.

Aer Lingus owner IAG profit jumps, silent on Norwegian

Aer Lingus and British Airways-owner IAG today posted a 75% jump in quarterly profit, boosted by favourable currency movements.

Norwegian Air receives 'several inquiries' on IAG move

IAG says considering making offer for Norwegian

Aer Lingus and British Airways-owner IAG has said it is considering making an offer for Norwegian Air Shuttle, a low-cost carrier worth about $1.2 billion.

Walsh relaxed ahead of Brexit but O'Leary eyes 'crisis'

The chief executive of Aer Lingus owner IAG has said he feeling relaxed over Britain's upcoming exit from the European Union.

Aer Lingus' profits rise on increased capacity

Aer Lingus has reported an operating profit of €269m for the year to the end of December, an improvement of €36m over the previous year.

Lauda beats IAG in battle to buy airline Niki

Former Formula One champion Niki Lauda has agreed to buy back the Niki airline he founded after his bid was chosen ahead of an offer from IAG.

Niki's German administrator to work with Austrian peer

Niki's German administrator Lucas Floether and his Austrian counterpart Ulla Reisch said in a joint statement that they would co-operate closely on sealing a deal on the future of the insolvent airline.

German Niki administrator says still plans sale to IAG

The German administrator of insolvent airline Niki said he still wanted to sell the leisure carrier to Aer Lingus and British Airways parent IAG.

Niki's administrator presses ahead with sale to IAG

The administrator of Niki said he would press ahead with an agreed sale of the insolvent Austrian airline to IAG after a German court ruling fanned concern that the deal could unravel.