Category: International Airlines Group

International Airlines Group orders up to 120 Airbus A320 aircraft for Vueling

International Airlines Group (IAG) has today confirmed that it has secured both firm orders and options for up to 220 Airbus A320 short haul aircraft for its subsidiary airlines British Airways, Iberia and Vueling.

Up to 120 of these aircraft are designated for its short-haul low cost carrier subsidiary Vueling. The new aircraft will enable Vueling to replace some of its existing aircraft and expand its network.

The Vueling order comprises 62 firm orders which include 30 A320ceo and 32 A320neo aircraft and options for a further 58 aircraft. The firm orders will be delivered to Vueling between 2015 and 2020.

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IAG orders up to 120 Airbus A320 aircraft for Vueling

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International Airlines Group (IAG) has today confirmed that it has secured both firm orders and options for up to 220 Airbus A320 short haul aircraft for its subsidiary airlines British Airways, Iberia and Vueling.

Up to 120 of these aircraft are designated for its short-haul low cost carrier subsidiary Vueling. The new aircraft will enable Vueling to replace some of its existing aircraft and expand its network.

The Vueling order comprises 62 firm orders which include 30 A320ceo and 32 A320neo aircraft and options for a further 58 aircraft. The firm orders will be delivered to Vueling between 2015 and 2020.

Continue reading “IAG orders up to 120 Airbus A320 aircraft for Vueling”

IAG still intent on pursuing 100% ownership of Vueling

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International Airlines Group is clearly not satisfied with owning over 90% of Vueling.

Although this gives IAG full control of Vueling for all practical and accounting purposes, the airline group is clearly intent on having 100% ownership of Vueling. On Friday, IAG made a further offer for the remaining 9% of Vueling’s shares listed on the stock exchange in Spain.

As stated before, IAG has been coy about its intentions regarding Vueling, save for stating it will remain a separate subsidiary in the IAG group. However, IAG is clearly very keen on pursuing full ownership and control of the airline.

International Airlines Group still intent on pursuing 100% ownership of Vueling

International Airlines Group is clearly not satisfied with owning over 90% of Vueling. Although this gives IAG full control of Vueling for all practical and accounting purposes, the airline group is clearly intent on having 100% ownership of Vueling. On Friday, IAG made a further offer for the remaining 9% of Vueling’s shares listed on the stock exchange in Spain.

As stated before, IAG has been coy about its intentions regarding Vueling, save for stating it will remain a separate subsidiary in the IAG group. However, IAG is clearly very keen on pursuing full ownership and control of the airline.

IAG 1st Quarter Results – Analysts Q&A Session

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British Airways / Iberia Logos
British Airways / Iberia Logos (Image Credit: British Airways / Iberia)

As previously mentioned, International Airlines Group published its 1st quarter results in Friday.

On the morning of the announcement, as per standard protocol, it held a webcast for analyst and the question and answer session that follows provides a lot of useful insight into current strategic developments at the airline group.

Here is a summary of some points of interest from the call:

Continue reading “IAG 1st Quarter Results – Analysts Q&A Session”

International Airlines Group 1st Quarter Results – Analysts Question & Answer Session

As previously mentioned, International Airlines Group published its 1st quarter results in Friday. On the morning of the announcement, as per standard protocol, it held a webcast for analyst and the question and answer session that follows provides a lot of useful insight into current strategic developments at the airline group.

Here is a summary of some points of interest from the call:

Continue reading “International Airlines Group 1st Quarter Results – Analysts Question & Answer Session”

IAG publishes its 1st Quarter financial results

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British Airways / Iberia Logos
British Airways / Iberia Logos (Image Credit: British Airways / Iberia)

International Airlines Group (IAG) has just published its financial results for the first quarter of the year.

Once again, the results are a tale of two airlines with a stark divergence in the performance of British Airways and Iberia. IAG made an overall operating loss of €278 million. However, IAG had to also take another exceptional charge of €311 million in connection with the restructuring of Iberia. This is in addition to the exceptional charges and provisions IAG took at the end of 2012. The overall loss after tax for the quarter was €630 million.

Continue reading “IAG publishes its 1st Quarter financial results”

International Airlines Group publishes its 1st Quarter financial results

International Airlines Group (IAG) has just published its financial results for the first quarter of the year. Once again, the results are a tale of two airlines with a stark divergence in the performance of British Airways and Iberia. IAG made an overall operating loss of €278 million. However, IAG had to also take another exceptional charge of €311 million in connection with the restructuring of Iberia. This is in addition to the exceptional charges and provisions IAG took at the end of 2012. The overall loss after tax for the quarter was €630 million.

Continue reading “International Airlines Group publishes its 1st Quarter financial results”