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The Latest Breaking News from IAG

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

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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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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

The Guardian - UK

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.

ABC News

The four-wheeled submarines of Auckland

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

Newsroom.co.nz

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.

ABC News

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

Birmingham Post

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

The Guardian - AU

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

Daily Mirror

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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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Evening Standard

BA chief calls Heathrow chaos “acute” as airline cuts passenger capacity forecasts

Airline says bookings for the fourth quarter “seasonally low” for this time of year but returns to profit

The Independent UK

British Airways’ parent company IAG returns to profit between April and June

CEO thanks customers hit by Heathrow cancellations ‘for their loyalty and patience’

The Guardian - UK

Heathrow faces summer of disruption as BA staff vote to strike

BA accused of using ‘fire and rehire’ tactics during lockdown to slash 10% off Unite and GMB workers’ pay

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 19

CNBC CDC Looking Into 180 Cases Of Unexplained Pediatric Acute Hepatitis

Benzinga

IAG Finalizes Agreement With Boeing For Up To 150 737 Jets

British Airways owner International Airlines Group (IAG) ordered a combined total of 50 737-8-200s and 737-1

The Street

Stocks Extend Slump, Cisco, Under Armour, Tesla And Boeing In Focus - Five Things To Know

Stock futures extend slide as global market rout intensifies; Cisco shares tumble after weak outlook rattles tech equipment sector; Under Armour shares slide after surprise departure of CEO Patrick Frisk; Tesla shares looking at sub $700 open as headline risk accelerates and Boeing sells 50 737-max jets to British airways…

The Independent UK

British Airways’ parent company orders dozens of planes originally designed for Ryanair

Boeing 737-8200 is a special high-capacity version of the Max with extra seats fitted

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People

Jassim Bin Hamad Al Thani

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Bureau of Meteorology

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