IAG

The EC's statement of objections is not an end decision but a formal step in the investigation in which companies involved are informed in writing of objections

Iberia Chairman and President Marco Sansavini says the completion of the Air Europa purchase is one of the main targets to securing Iberia’s future success.

The top 20 airline groups as measured in revenue passenger kilometers (RPKs) for 2023 reveal a traffic performance 30% higher than the top 20 carriers in 2022.

The European Commission is scrutinizing IAG’s plan to buy into Spanish carrier Air Europa via an in-depth investigation into competition concerns.

It may turn out that a deal that took the industry by surprise when it was announced in late 2023 could be the first to take a concrete consolidation step.

This means the probe has been suspended while officials wait for more information and its end-date will be pushed back.

The European Commission is concerned the transaction may reduce competition on several domestic, short-haul, and long-haul routes in and out of Spain.

IAG has formally notified the EC of its plans to acquire Air Europa and pledged to propose remedies it hopes will allow for quick approval of the deal in 2024.

Airlines worldwide look forward to more clarity on industry consolidation activity in 2024.

"We are going to revamp [LEVEL], developing the AOC to operate long-haul flights the way we announced when we launched the company,” IAG CEO Luis Gallego said.

Alongside its medium-term target of an operating margin of 12-15%, the airline group has an objective of return on invested capital of 13-16%.

The Franco-Dutch airline has also said it is interested in TAP Air Portugal as Europe’s airline industry consolidates.

International Airlines Group (IAG) and Microsoft have signed a co-funded purchase agreement for 14,700 metric tons of sustainable aviation fuel (SAF).

Strong demand across the network fueled the a €1 billion quarterly profit, with Spanish airlines in particular outperforming, IAG said.

International Airlines Group (IAG) is converting options for 10 Airbus A320 family aircraft into firm orders for A320neos.

If antitrust concerns in Brussels scupper the takeover deals dreamt of by the big three European airline groups, other paths are available.

Airport director José Antonio Álvarez explains more about Madrid’s expansion plans.

Ryanair expects “the majority” of its fleet will be grounded while Finnair and SAS are among the latest airlines to stop almost all flights. Air France is also grounding its entire Airbus A380 fleet and KLM its entire Boeing 747 fleet.

The Routes Americas 2019 speaker and panellist line-up has now been confirmed ahead of the event which will take place 12-14 February in Quebec City, Canada.

The first chief executive of LEVEL, International Airlines Group’s low-cost brand, exclusively reveals to Routesonline how he plans to shape the airline so it is ready to aggressively expand from 2020 onwards. In the first part of a wide-ranging interview, Vincent Hodder discusses his time at the helm of the carrier so far and why it soon has a big decision to make on the type of aircraft that will form the backbone of its future fleet.

In 2017 we launched the Routes Aviation podcast - listen to some of the conference highlights.

Low-cost carrier Norwegian has stepped up its growth plans in the UK with the acquisition of further slots at London Gatwick Airport.

IAG, the owner of British Airways and Aer Lingus, is to expand its presence at Gatwick Airport after striking a deal to buy the majority of slots vacated by the collapse of Monarch. Hungarian carrier Wizz Air is also set to take Monarch's former slots at London Luton.

International Airlines Group's chief executive Willie Walsh believes the new alliance between Delta, Air France-KLM and Virgin is “positive” for the industry.

Long-haul budget airline LEVEL is set to expand its fleet of Airbus A330-200s from two to five, parent group IAG has confirmed.