IAG airlines

In Europe 18th March 2025

IAG interested in acquiring Portuguese TAP despite paralysis of privatisation process

Link Securities | The airline holding company IAG (IAG) is not giving up on its efforts to acquire the Portuguese airline TAP despite the paralysis of the privatisation process that has led to the fall of Luis Montenegro’s government, according to the newspaper elEconomista. The Portuguese state, which owns 100% of the company’s capital, intends to sell part or all of the airline in a public tender whose details were…

European economy 9th January 2025

IAG launches two invitations to buy back bonds for total of €1.2 billion

Link Securities | IAG (IAG) announced on Tuesday separate invitations to holders of its (i) bonds in the aggregate nominal amount of €500,000,000, issued at 1.50 per cent and maturing in 2027 (the 2027 Bonds) and (ii) bonds in the aggregate nominal amount of €700,000,000, issued at 3.75 per cent. and maturing in 2029 (the 2029 Bonds) offering the purchase of the Bonds by IAG in exchange for a cash…

European economy 31st January 2024

IAG: air freight cushions risks around airline pricing power 2024

Morgan Stanley | Capacity growth in long-haul travel poses risks around 2024 pricing power for flag carriers, especially those with exposure to the North Atlantic. However, Conor Dwyer (analyst), notes that rising air freight yields (+25% in December to 1.9x 2019 levels), as a result of disruptions in container shipping, should limit the impact. This dynamic is more favourable for Air France and Lufthansa, more exposed to air freight than…

European economy, European politics, In Europe 7th June 2023

IAG interested in Portugal’s TAP

Banco Sabadell: From the declarations in Bloomberg of IAG’s CEO, Luis Gallego, we highlight: They expect a better summer, although there are still difficulties such as air traffic control in France. In any case, they see very strong demand in Q2 and Q3, with less visibility for Q4. Premium traffic is offsetting the weakness of corporate traffic, which remains at 70% of 2019 levels. On consolidation opportunities, apart from the…

Companies, Spanish economy 11th March 2023

IAG, with biggest share of slots, to benefit most from Heathrow’s lower charges

Intermoney | The UK’s airport regulator decided on Wednesday that Heathrow’s airport charges should be lowered because passenger numbers have recovered faster than expected. In 2021, Heathrow was given permission to increase passenger charges for airlines from £19.60 to £30.19 by summer 2022 and the average passenger charge for 2023 is £31.57. This should fall to £25.43 in 2024 and remain flat until the end of 2026. Heathrow wanted charges…

European economy 27th October 2022

IAG To Renew Its Fleet With 87 Aircraft: 50 B737s And 37 A320s

IAG shareholders have given the go-ahead for investment in the renewal of the short-haul fleet, with the acquisition of 50 B737 aircraft from Boeing and 37 A320neo aircraft from Airbus. The transaction was approved at an extraordinary shareholders’ meeting in Madrid, where only 37.9% of the capital was represented. The CEO of the holding company that includes British Airways, Iberia, Vueling and Aer Lingus, Luis Gallego, has ruled out the…

Spanish economy 14th October 2022

IAG earns 1.2 billion euros in September and rises 9% on the stock market

IAG, the airline consortium with Qatari capital, has beat all expectations and clocked up operating profit in the first nine months of the year of 1.2 billion euros. The initial estimate was that the group, led by Luis Gallego as CEO, would maintain earnings at around 800 million euros. So these results mean the company has raised its (operating) profitability by 50% over the forecast. This made IAG the real…

Companies, Relevant News Item 11th July 2022

Over 40,000 flights suspended as airline sector reviews the whole summer; bad news for IAG

Intermoney | The lack of personnel and strikes are leading to the suspension of over 40,000 operations out of those forecast for Europe over the summer months (25,000 alone between British Airways, Easyjet and Lufthansa). They are also provoking innumerable delays and problems with luggage. The fast increase in demand has been mixed with both the airlines and the airports’ difficulties’ in recovering the volume of their workforces which decreased…

European economy 5th June 2022

Air Europa will shortly receive the €100 loan from Iberia (IAG), convertible to 20% of its capital

Intermoney | The chairman of Iberia, Javier Sánchez-Prieto, has confirmed that Globalia already has the green light from SEPI, controlled by the Finance Ministry, and the banking syndicate led by Santander, for the 100 million euros loan convertible into shares with which to buy 20% of Air Europa. The deal was forged in March and is a first step towards the full acquisition of Air Europa. That said, it is…

Spanish economy 21st April 2022

The offer on scheduled seats for this summer in Spain will reach pre-Covid levels: good news for IAG, which could return to profits in Q2’22

Intermoney | La Asociación de Líneas Aéreas (ALA), the leading organisation in the sector in Spain with 85% of air traffic, announced its forecasts for this summer on Thursday. And the figures for the summer season fuel a moderate optimism. Although a recovery in the sector is not expected until at least 2023, the estimated scheduling for this summer season reaches figures which are very close to those of pre-pandemic…

1 2 »