Posted by as airlines, Financial and Business
Analysts say that Willie Walsh could announce tomorrow the first profit for British Airways in two years. The predictions come from a panel of analysts at Bloomberg, who say the carrier’s net income could be reported at £158.6 million for the three months leading up to the 30th of September, despite a loss the previous [...]
Posted by as airlines, UK News, World News
Amid the latest merger among global airlines, officials from British Airways, American Airlines and Iberia say their own deal will bring lower fares, more flight choices and simplified connections to passengers. The news comes from London where the carriers’ chief executives joined together to give their nod to the launch of the partnership. Last week [...]
Posted by as airlines
American Airlines has said it will be recalling 800 employees to duty as it increases services to its long-haul destinations. The jobs were announced by the airline’s chief executive, Gerard Arpey, as he told a London news conference about American’s tie-up with British Airways and Iberia on transatlantic routes. The airline is also in talks [...]
Posted by as airlines
Following its approval last week of a merger between British Airways and Iberia, the Spanish flag-carrier has appointed its chairman, Antonio Vasquez, to the same position at International Airlines Group (IAG), the new airline to be formed by the partnership. IAG is to be 44 per cent owned by investors in Iberia and the other [...]
Posted by as airlines
The merger between British Airways and Spanish carrier Iberia is looking ever more likely following a board meeting held in Madrid on Wednesday. One of the largest remaining hurdles to an eventual tie-up had been BA’s massive pension deficit. In June, BA came to an agreement with pension trustees on how to deal with the [...]
Posted by as airlines
A merger, which would create the largest airline in the world, has been given the go ahead by the European Commission. Competition regulators in Europe have announced that they do not believe a tie up between US giants Continental and United would have any significant effect on airline competition in Europe. Currently, both airlines fly [...]
Posted by as airlines
A tie up between British Airways and American Airlines has been given the blessing of the EU Commission. The airlines are now a step closer to being able co-ordinate their transatlantic schedules, work together on ticket pricing and share revenues. The commission has also approved BA’s merger with Iberia. In order to proceed with the [...]
Posted by as airlines
British Airways boss, Willie Walsh, has announced that following the airline’s imminent merger with Spanish flag carrier Iberia, it will be looking for partnerships with at least one other airline within a year. Subject to regulatory approval BA will form an alliance with US carrier American Airlines. Speaking at London’s Aviation Club, Mr Walsh said [...]
Posted by as airlines
Kingfisher Airlines has signed a contract meaning it will now become a full member of the Oneworld alliance. India’s second largest airline, in terms of numbers of passengers, will now begin a process of integration with other members which is predicted to take between one-and-a-half to two years. In February, Kingfisher signed a memorandum of [...]
Posted by as airlines
A five-day strike by British Airways cabin crew has started after talks between the airline and union Unite at the weekend, once again, failed to reach a resolution. The industrial action will cause disruption to many of the airline’s passengers. Around 40 per cent of BA’s long-haul services out of Heathrow will be affected. The [...]