News | Latest Breaking News Stories & Headlines

IAG scrapped a deal to buy Air Europa last year after it could not convince EU competition regulators that its proposed remedies were enough

IAG will consider selling 20% stake in Air Europa - CEO

Aer Lingus and British Airways-owner IAG will consider selling its 20% stake in Air Europa as the Spanish airline's owner continues talks with Air France-KLM and Lufthansa to sell a stake in the company, IAG's CEO told Reuters.

Business • 27 Mar

European aviation's green fuel targets risk being missed

The EU's requirement for 6% of the jet fuel used by its airlines to be sustainable by 2030 is impossible to meet because of the cost and scarcity of green fuels, airline CEOs warned today ahead of a meeting with the European Commission.

Business • 27 Mar

IAG has today reporting adjusted operating profit of €4.44 billion

IAG's annual earnings beat expectations

Aer Lingus and British Airways owner IAG has launched a €1 billion share buyback plan after it reported a 27% jump in annual operating profit, beating market expectations.

Business • 28 Feb

Aer Lingus said the industrial action at the airline had a direct impact of €55m over the second and third quarters

Aer Lingus operating profits fall due to pilots strike

Aer Lingus has reported operating profits of €139m for the third quarter of 2024, down €57m from the same time last year.

Business • 08 Nov 24

British Airways owner IAG has today reported better than expected Q1, with an operating profit of €68m

IAG's first quarter operating profit beats expectations

Aer Lingus and British Airways owner IAG has today beaten first quarter earnings expectations, helped by rising demand over the Easter holiday and said it was seeing strong summer bookings.

Business • 10 May 24

European airline CEOs say industry consolidation vital

More consolidation of Europe's airlines is necessary to keep the industry competitive, the CEOs of Aer Lingus and British Airways owner IAG and Ryanair said today.

Business • 20 Mar 24

IAG said in February it had agreed to pay €400m to Spain's Globalia for the remaining 80% of Air Europa which it did not already own

IAG seeks EU antitrust approval for Air Europa deal

Aer Lingus owner IAG said it had sought antitrust approval from the European Union for its previously announced plans to buy out the whole of Spanish low-cost airline Air Europa.

Business • 12 Dec 23

IAG CEO Luis Gallego said all the group's carriers were 'significantly profitable' in the third quarter

IAG says demand holding strong after summer boost

Aer Lingus and British Airways owner IAG said demand for its flights had not wavered after a strong summer that saw revenue exceed pre-pandemic levels despite a cap on capacity at its London Heathrow hub and lingering Covid restrictions in Asia.

Business • 28 Oct 22

IAG said in late 2019 it had agreed to buy Air Europa for €1 billion, but Covid and competition concerns derailed the merger

IAG says Air Europa deal may take at least 18 months

Luis Gallego, the chief executive of Aer Lingus and British Airways' parent IAG, said today a deal over the protracted acquisition of Spanish low-cost airline Air Europa may take at least 18 months.

Business • 06 Apr 22

IAG chief executive Luis Gallego said he expects a return to pre-pandemic levels by 2023

IAG says transatlantic bookings close to 2019 levels

The boss of Aer Lingus and British Airways owner IAG said today its transatlantic bookings had already reached nearly 100% of 2019 levels after the United States dropped restrictions earlier this month.

Business • 22 Nov 21

IAG's chief executive Luis Gallego said the group had high debts but also had strong liquidity of €10.2 billion

IAG not planning to tap investors for funds

Aer Lingus and British Airways owner IAG is not planning to raise billions of euros from shareholders to get the company through the extended Covid-19 crisis, its chief executive Luis Gallego told The Sunday Times.

Business • 20 Sep 21

By 2030, Aer Lingus owner IAG is aiming to power 10% of its flights with sustainable aviation fuel

IAG to cut emissions with sustainable fuel target

Aer Lingus and British Airways-owner International Airlines Group has committed to powering 10% of its flights with sustainable aviation fuel by 2030.

Business • 22 Apr 21

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

Sean Doyle was named as the CEO of British Airways last week

New BA boss urges transatlantic testing and corridors

The new boss of British Airways has appealed to Britain and the US today to back pre-flight Covid-19 testing with quarantine-free transatlantic travel corridors.

Business • 19 Oct 20

IAG shareholders back €2.75 billion rights issue

Shareholders backed IAG's plan to raise €2.75 billion in equity at a virtual meeting yesterday that saw the airline group's long-time CEO Willie Walsh hand over to insider Luis Gallego.

Business • 09 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

IAG's CEO Willie Walsh had delayed his departure from the airline due to the outbreak of Covid-19

IAG's Willie Walsh to stay on until September

Aer Lingus and British Airways-owner IAG said that chief executive Willie Walsh would stay on until September to steer it through the coronavirus crisis.

Business • 07 May 20

Willie Walsh to leave Aer Lingus owner IAG in June

Willie Walsh to retire as IAG CEO in June

International Airlines Group's long-serving chief executive Willie Walsh has revealed plans to retire from the Aer Lingus owner after a 15-year career with the group.

Business • 09 Jan 20

Luis Gallego