Tag: Iberia

• Wednesday, March 6th 2013 - 11:47 UTC

  Iberia strike cancels 1.300 flights; further industrial action planned for Easter Week

  

  Unions at Spain's flagship airline Iberia began a second week of strikes on Monday, with 1.300 flights canceled and most passengers re-assigned to other flights. Iberia and three smaller airlines that it provides with ground services -- Iberia Express, Vueling and Air Nostrum --- have been impacted by the action, an Iberia spokesman said.

• Friday, March 1st 2013 - 16:05 UTC

  IAG insists Iberia “must adapt to survive”; forecasts profit this year

  

  British Airways parent International Consolidated Airlines Group (IAG) has pledged to push through a plan to shrink Spanish arm Iberia by 15% and deliver a profit rebound this year following a group-wide loss last year.

• Saturday, November 10th 2012 - 04:46 UTC

  Major group plans cash-tender offer for low cost airline Barcelona-based Vueling

  

  International Airlines Group has reaffirmed that it would keep Vueling as a stand-alone entity within the group if it completes its plan to acquire the outstanding shares in the Barcelona-based low-cost carrier.

• Saturday, November 10th 2012 - 04:40 UTC

  Iberia survival plan: slash quarter of jobs, cut 15% network and downsize fleet

  

  Loss-making Iberia on Friday announced plans to axe 4.500 jobs to save Spain's biggest airline from collapse and warned more cuts could follow against the backdrop of economic crisis in the Euro zone country.

• Monday, May 14th 2012 - 05:31 UTC

  Fuel costs and Spanish recession hit British Airways-Iberia with mounting losses

  

  Rising fuel costs and the impact of Spain’s economic crisis left the owner of British Airways and Iberia nursing big quarterly losses. International Airlines Group was also hit by industrial action by pilots at Iberia as it recorded losses of 263 million Euros for the three months to March 31, against a deficit of 47 million Euros a year earlier.

• Monday, January 24th 2011 - 19:02 UTC

  Merger Takes Place

  

  British Airways and Iberia have registered their merger, forming a holding company International Airlines Group SA.