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The Latest Breaking News from IAG

Strong demand drives profits record at British Airways owner IAG

Group says it will use third-quarter earnings of £1.52bn to invest in the business and reduce its debt

The Guardian - UK

British Airways made £50 per second profit during first nine months of 2023

BA parent company IAG warns of possible problems with air-traffic control and airports’ resilience, despite £1.15bn profit

The Independent UK

British Airways owner IAG in record third quarter despite £44 million hit from ‘higher disruption’

IAG said that leisure demand was “very strong”, but business travel has been slower to recover

Evening Standard

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IAG profits up 56% due to ‘strong demand across all routes’

The business said pre-tax profit rose from just over one billion euros in the third quarter of last year to 1.6 billion euros.

The Independent UK

British Airways parent IAG sees record profits from higher fares despite IT meltdowns

Airline boss admits ‘some of our operations are not where we would want them to be’

The Independent UK

British Airways owner announces record profits for first half of 2023

IAG expects flight capacity to recover to pre-pandemic levels by the end of the year, with fares up almost 10%

The Guardian - UK

BA owner on watch for threats to summer getaways as profits soar

IAG prioritises operational resilience” with holiday travel in full swing

Evening Standard

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Boeing wins $40bn order from Ryanair

Boeing has secured a landmark order from one of its most important customers, with Ryanair agreeing to purchase as many as 300 of the company’s largest 737 Max aircraft in a bet on the post-pandemic travel recovery.

Bangkok Post

British Airways owner eyes summer travel boom as it returns to profit after Covid

IAG says it is “ready to deliver” for customers during the summer travel season

Evening Standard

British Airways back on track with first winter profit since 2019

With business travel recovering only slowly, BA’s premium cabins are increasing filled with leisure passengers

The Independent UK

BA owner raises profit forecast as travel demand rebounds

IAG expects to fly almost the same passenger numbers this year as before Covid pandemic

The Guardian - UK

Manchester United takeover: The big British names you might not know are owned by Qatar

"What does Qatar want from a foreign policy that has a mix of soft and hard power? And how did it become so important on the world stage?"

Manchester Evening News

easyJet and British Airways warning as customers to be refunded

Millions of pounds worth of vouchers are yet to be claimed from easyJet and BA

Liverpool Echo

Airlines still have millions of unclaimed travel vouchers issued during Covid-19 pandemic

Customers were encouraged to take vouchers rather than refunds when flights were cancelled - but many are yet to use them

Wales Online

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The Guardian - UK

BA owner ‘worried’ over Heathrow’s readiness for summer

IAG returns to profit, making £1.1bn in 2022, as travel industry bounces back from Covid

ABC News

ASX eases amid interest rate uncertainty, Star plunges on $1.6 billion write-down threat — as it happened

The ASX ends lower on a raft of mixed earnings reports from JB Hi-Fi, Aurizon, IAG, Endeavour and others, while casino operator Star plunges on a write-down warning.

Newsroom.co.nz

The four-wheeled submarines of Auckland

Someone left the Swift out in the rain - insurance agents are overloaded with calls about flood-damaged vehicles

ABC News

ASX slips ahead of US, British and European rate hikes, Rio Tinto apologises after radioactive capsule lost in WA

Rio Tinto's iron ore division chief Simon Trott has apologised and says the company is taking the lost radioactive capsule in WA "very seriously", while the Australian share market slips from its nine-month high ahead of a busy week.

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Birmingham Post

Teesside's Nova Pangaea Technologies secures investment from British Airways parent IAG

The clean tech firm's latest deal follows recent £5.2m investment from a group of backers

The Guardian - AU

Climate crisis will bring more and worse tropical cyclones to Australia’s east coast, study predicts

Research conducted jointly by IAG insurer and the US National Center for Atmospheric Research warns of ‘rapidly increasing risk’ from severe storms

Daily Mirror

British Airways owners IAG airlines could 'takeover' budget airlines like easyJet

EasyJet and Portuguese airline TAP are two companies that might be being eyed up by International Consolidated Airlines Group, which owns British Airways, Iberia, Aer Lingus and Vueling

The Guardian - UK

BA owner raises profit forecasts as airline revenues return to pre-Covid levels

IAG says leisure holidays main driver of resurgence while business travel continues to recover

Evening Standard

British Airways owner IAG boosts profits despite Heathrow chaos

It comes as Heathrow explores a passenger cap to prevent fresh chaos at the airport on peak days in the run-up to Christmas

The Guardian - AU

Australia’s financial sector will pay customers $7.2bn for wrongdoing, regulator says

Australian Securities and Investments Commission issues guide for paying compensation and tells companies to pay up quickly

AAP

IAG returns to profit despite perils blow

Insurance giant IAG made a $347 million full-year profit in the 12 months to June 30, beating expectations despite blowing out its natural perils allowance.

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