Organisation: IAG

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>Aer Lingus and British Airways owner IAG posted a surprise quarterly profit last month. Stock picture</p>

economy

Soaring air fares this summer set to heat up hostilities between airports and airlines

Major carriers have enjoyed a quick recovery with fares bolstered by tight capacity going into the peak season

<p>Eurozone government bond yields, including those for Ireland, rose sharply, implying that the cost of borrowing for the State will rise. Picture: iStock</p>

economy

'Sticky inflation' and rate hike fears push global shares lower

European stock markets suffered their worst losses this year in the wake of renewed sell-off

<p>European airline shares have continued to have a torrid time as fuel costs rose and the inflation crisis has raised doubts about household spending on winter and summer holidays. File picture</p>

companies

Autumn bookings lift shares for Ryanair, EasyJet, and Aer Lingus owner

Ryanair said its bookings this autumn and for the Christmas holidays were ahead of pre-Covid levels

companies

Aer Lingus owner IAG boosts profits amid travel chaos and fares bolstered by cancellations

news

Profits take off for airlines as cancellations and booming demand push fares higher

UK HIV-positive commercial pilots guidance

companies

Shares in Aer Lingus owner rise as Heathrow sets cap for summer seats

Aer Lingus CEO 'optimistic' on recovery hopes despite €347m loss last year

Last year, Aer Lingus borrowed €150m from the Ireland Strategic Investment Fund (ISIF), with an open mind over borrowing more

Fri, 25 Feb, 2022

Shares in Aer Lingus owner IAG fall on scrapped Air Europa takeover

Competition regulators were concerned the deal would reduce competition in the Spanish domestic market and on international routes to the country

Wed, 15 Dec, 2021

Aer Lingus owner IAG pulls out of deal to buy Air Europa

IAG agreed to pay €500m to buy the airline in January after the Covid-19 pandemic cut the original price in half and IAG struck a deal to defer payments for six years

Wed, 15 Dec, 2021

File Photo Ryanair has reported a record annual after-tax loss of €815m today after Covid-19 restrictions forced it to scrap ove

'It's déjà vu all over again' - Airline shares bear brunt of huge Covid sell-off

Global shares tumbled and currency markets shuddered on rising fears of a new Covid strain potentially setting back all progress the world has made over the past 20 months

Fri, 26 Nov, 2021

Aer Lingus-owner star of show as airline shares climb with Covid travel easing

The easing of US travel restrictions is breathing new life into European airline stocks.

Sun, 26 Sep, 2021

Ryanair shares surge as investors bet on it winning pandemic recovery race

Bullish airline says it could recover from Q1 losses to make a profit this quarter and break even over the financial year

Mon, 26 Jul, 2021

Vestager concerned over Aer Lingus owner IAG's bid to buy Air Europa

Fears proposed transaction would reduce competition for Spanish domestic routes and on international routes

Wed, 30 Jun, 2021

Former IAG boss Walsh sees return of European air travel to US by July

Slightly more optimistic than current official IATA estimates for a $48bn industry loss for 2021

Thu, 24 Jun, 2021

Aer Lingus owner IAG to raise extra €825m to bolster finances amid continued uncertainty

Airline group is issuing a further bond after it raised €1.2bn in March as travel remains hit by pandemic fallout

Tue, 11 May, 2021

IAG shares slip on need to strengthen financial buffers

Airline group has announced plans to raise a further €1.2bn through a bond issue

Thu, 18 Mar, 2021

Ryanair and IAG lead fresh fall in European airline shares

Ryanair shares are down more than 7% over the past 12 months, with IAG down by over 66%

Mon, 25 Jan, 2021

Irish Examiner view: Consumers need better protection

Covid-19 has changed our world. The changes are dramatic, sobering, and humbling — they remind us emphatically of our vulnerability, of our dust-to-dust inevitability.

Wed, 01 Jul, 2020

Ryanair puts future of its Cork and Shannon bases into play in clash with pilots trade union Fórsa

Ryanair has threatened to close two of its Irish bases -- in Cork and Shannon -- and axe up to 120 pilot jobs unless its Irish pilots bypass their union and directly accept a pay cut, a memo seen by Reuters said.

Sun, 28 Jun, 2020

Aer Lingus calls for clarity on relaxed travel restrictions

Aer Lingus has called for more immediate clarity on the Government’s planned relaxation of travel restrictions; warning that jobs and inbound tourism depend on it.

Fri, 26 Jun, 2020

Airline stocks remain in tailspin despite fundraising efforts

Airline stocks have continued to fall amid fears of a second wave of Covid-19 and despite some big carriers attracting financial backing.

Thu, 25 Jun, 2020

Letter to the Editor: Aer Lingus uses crisis to slash pay and axe 500 jobs

Aer Lingus are going through some hard times. However the crisis is temporary.

Mon, 22 Jun, 2020

Letters to the Editor: Aer Lingus is using Covid-19 as an opportunity for restructuring

Aer Lingus has cut wages by 70% which is the highest wage cut ever seen in Ireland in the 21st century. On top of the wage cut Aer Lingus has imposed changes to work practices and terms and conditions, this includes lay-offs as well as a ban on industrial action including strikes to February 2022.

Sat, 20 Jun, 2020

Ryanair and IAG start legal action over Covid quarantine laws

Ryanair, British Airways and EasyJet have begun legal action against the British government’s quarantine policy in a bid to overturn what they see as overly strict rules.

Fri, 12 Jun, 2020

British Airways to sell Damien Hirst art pieces to raise cash levels

British Airways will sell at least 10 works of art that normally hang in its executive lounges, turning to pieces by famous artists like Damien Hirst to raise millions of pounds to help it through the coronavirus pandemic.

Thu, 11 Jun, 2020

Aer Lingus owner won't say whether it has plans to sue Ireland over Covid-19 quarantine

The owner of Aer Lingus, IAG has refused to say whether it is also considering suing the Irish Government after its group chief executive Willie Walsh said it was thinking of a legal challenge to Britain’s Covid-19 quarantine plan.

Fri, 05 Jun, 2020

Airline shares soar but turbulent profitability ahead, industry body warns

Airline shares – including those of Ryanair and IAG, which owns Aer Lingus – have soared on suggestions of growing consumer appetite for a return to flying, but an industry body has warned that a return to profitability may prove a long haul for many airlines.

Wed, 03 Jun, 2020

EasyJet and Carnival to be knocked from Ftse-100 after Covid-19 hits

EasyJet and cruise operator Carnival are set to lose their seat on the Ftse-100 index after the Covid-19 crisis knocked the value of their shares.

Tue, 02 Jun, 2020

Ryanair and Aer Lingus clarify face mask plans for passengers

Ireland’s two largest airlines have clarified that the facial coverings they are expecting passengers and crew to wear inflight will not be aligned with official EU guidelines.

Fri, 29 May, 2020

Shares drive ahead amid hopes for lifting of Covid-19 global lock downs

World shares forged ahead and oil prices also drove higher as well, as investors shrugged off Chinese-US tensions to focus on more stimulus in China and a re-opening world economy.

Tue, 26 May, 2020

Aer Lingus to lay off workers after wage subsidy scheme expires – union

Aer Lingus intends to lay off staff after a Government wage subsidy scheme expires next month, a trade union said.

Fri, 22 May, 2020

Marks and Spencer to start gradual reopening of cafés

Marks and Spencer is to start reopening café elements of its stores tomorrow.

Wed, 13 May, 2020

Willie Walsh: 'No prospect' for and 'no need' of Aer Lingus re-nationalisation

Willie Walsh has said there is “no prospect” of and “no reason” for any re-nationalisation of Aer Lingus, as has been suggested by opposition TDs.

Thu, 07 May, 2020

International tourist numbers could fall by 80%, data shows

International tourist numbers could fall by as much as 80%, according to the United Nations.

Thu, 07 May, 2020

Ryanair takes share price hit as skies continue to darken for airlines

Shares in Ryanair and IAG, which owns Aer Lingus, tumbled on news of up to 4,000 jobs across the two airlines potentially being lost as part of the continued fallout from the Covid-19 disruption.

Fri, 01 May, 2020

European earnings on course for 30% slump

Two weeks into Europe’s first-quarter earnings season, more companies are cutting jobs and throwing up their hands over future guidance.

Wed, 29 Apr, 2020

Aer Lingus owner IAG plans to lay off permanently 12,000 staff at British Airways amid Covid-19 storm

The IAG international airline conglomerate says it may permanently lay off 12,000 staff at British Airways and warned recovery from the Covid-19 crisis for the group which includes Aer Lingus would take several years.

Wed, 29 Apr, 2020

12,000 workers set to lose jobs at BA

As many as 12,000 staff at British Airways may be laid off permanently and the recovery from the Covid-19 crisis will take several years, the IAG conglomerate that also owns Aer Lingus has warned.

Wed, 29 Apr, 2020

Ryanair misses out as global stock markets rally on hopes some Covid-19 restrictions will be lifted

A partial rally in global oil prices helped buoy global shares with the lifting of Covid-19 restrictions helping European stock markets, in particular.

Wed, 22 Apr, 2020

British Airways debt cut to junk; EasyJet to sell some planes to keep flying through the Covid-19 crisis

Shares in Aer Lingus-and British-Airways-owner IAG were little changed even as British Airways became the first major European carrier to lose its investment grade status amid the Covid-19 pandemic after Fitch cut its credit rating one notch to junk.

Thu, 16 Apr, 2020

Big airlines seek subsidies after Covid-19 crisis

Major airlines are seeking operating subsidies for key routes once coronavirus restrictions are lifted, a leaked lobbying document shows, stoking tensions with some low-cost carriers that are less likely to benefit from the additional funds.

Fri, 10 Apr, 2020

Business winners and losers: Bord Gáis owner braced for UK customers not paying their energy bills

Centrica, the UK energy and power utility which owns Bord Gáis Energy here, is to cut costs further — including cancelling its shareholder dividend payment — as it braces for British customers to stop paying their electricity bills and a drop in usage of its services amongst business clients due to the coronavirus shut-down.

Thu, 02 Apr, 2020

Business winners and losers: Tobacco firms breathing easier than most, but tourism still feeling the heat

The cigarette and tobacco industry is emerging as one of the very few winners from the economic havoc wreaked by the spread of the Covid-19 virus.

Tue, 31 Mar, 2020

Airlines in flight for cash as fight for survival becomes the reality

European airlines have moved further into survival mode, with EasyJet grounding its entire fleet and temporarily laying off 4,000 cabin crew; and Aer Lingus owner IAG altering its lending terms to give it wriggle room to weather the storm caused by the Covid-19 outbreak.

Mon, 30 Mar, 2020

Cost to airlines of Covid-19 crisis rises again to top €235bn

Airlines worldwide could lose €235bn in revenue this year from the coronavirus pandemic, threatening the survival of the industry, according to the International Air Transport Association.

Tue, 24 Mar, 2020

Shares fall as IMF spells out business supports

US stocks fell tonight as New York State followed California in ordering non-key workers to stay at home and the UK caught up with the rest of Europe by ordering the closure of pubs and cafes to fight the deadly Covid-19 outbreak.

Fri, 20 Mar, 2020

Aer Lingus owner plunges as airlines go into survival mode

Shares in Aer Lingus owner IAG plunged 9% and Ryanair fell more than 1% as the crisis for international airlines, in the wake of the spread of the Covid-19 virus, deepened.

Thu, 19 Mar, 2020

Aer Lingus chief Willie Walsh to defer retirement to deal with coronavirus

The airline will cut its flying capacity by at least 75% in April and May.

Mon, 16 Mar, 2020

Anger over go-ahead for next week's Vat payment demand

Groups representing the most vulnerable small companies, including tourism, hospitality, and retail firms facing into the Covid-19 storm, say they are angered by the Government’s decision to allow Revenue collect a regular Vat payment at the end of next week.

Fri, 13 Mar, 2020

State takes advantage with cheapest borrowing in history

Investors and banks across the world have handed the Irish State €1bn in free money and will effectively pay more again to keep it safe, as global markets continued to reel from the fallout of the Covid-19 outbreak.

Fri, 13 Mar, 2020

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