airlines

Heathrow

Overall solid results support our valuation of >2 M€ of Heathrow in Ferrovial’s capital

Morgan Stanley | Heathrow (C.8% of the value of Ferrovial (FER)) beat expectations in terms of revenues and costs in Q1’22. In light of an acceleration in the recovery during March/Easter, and a good outlook for airline capacity this summer, management has upgraded its previously conservative guidance for FY’22 by 16% (45.5 million people → 52.8m). It maintains its traditional cautious view with regard to the outlook for Autumn/Winter. The establishment…


ryanair cabin crew

Airlines Shouldn’t Rush To Cut Jobs

Geraint Harvey, Daniel Wintersberger, Peter Turnbull via The ConversationUK | Several airlines have announced sizeable redundancy programmes due to Covid-19 spreading, but previous crises show that there are viable alternatives to job cuts. After the 2008 financial crisis airlines like Southwest adopted different measures including work-sharing, temporary pay cuts and furlough. As a result, they were less likely to experience industrial strife and the business recovered more quickly. 


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IAG woos Japan Airlines

By Tania Suárez, in Madrid | IAG’s CEO Willie Walsh said last year that if the opportunity arose, they would definitely be willing to take a major equity stake in Japan Airlines. Now, that opportunity has apparently arisen. IAG has come to an agreement with Japan Airlines (JAL), and both companies will soon sign a joint business agreement. According to Walsh himself, IAG has “established very close links with JAL”…


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IAG signs a pre-agreement to buy Lufthansa's UK subsidiary

As reported in El Mundo, the company resulting from the merger of British Airways and Iberia, IAG, has signed a preliminary agreement to buy the British subsidiary of Lufthansa BMI, the second largest airline at Heathrow airport, according to the company’s statement in the presentation of results, in which it earned €365 million up to September. If the deal goes through it will, says IAG’s chief executive Willie Walsh, “expand our…


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IAG signs a pre-agreement to buy Lufthansa’s UK subsidiary

As reported in El Mundo, the company resulting from the merger of British Airways and Iberia, IAG, has signed a preliminary agreement to buy the British subsidiary of Lufthansa BMI, the second largest airline at Heathrow airport, according to the company’s statement in the presentation of results, in which it earned €365 million up to September. If the deal goes through it will, says IAG’s chief executive Willie Walsh, “expand our…