The Latest Breaking News from Luis Gallego

BA parent company IAG’s profits down more than a third after fuel cost hit

The group reported pre-tax profits tumbling to 995 million euro (£852 million) in the three months to the end of June.

Evening Standard · Jul 31

British Airways cancels flight after crew ‘get drunk in a hotel bar before work’

BA flight from Bridgetown, Barbados, to Heathrow was axed on Sunday after crew allegedly got drunk

The Independent UK · Jul 8

BA owner’s profits rise by 20% despite drop in passenger numbers last year

IAG reports record operating profits on margins of more than 15% at British Airways and sister airline Iberia

The Guardian - UK · Feb 27

British Airways took £40m hit from power outage that closed Heathrow

Airline assesses options but there is no automatic form of recovery from insurers or the airport

The Guardian - UK · May 9, 2025

Transatlantic ticket sales lift British Airways and IAG to ever higher annual profits

International Airlines Group says results reflect turnaround investment in BA as passenger numbers rebound

The Guardian - UK · Feb 28, 2025

BA’s owner warns it would not back Heathrow expansion without fees overhaul

IAG)chief executive Luis Gallego said the regulatory model used to determine the west London airport’s charges is ‘not fit for purpose’.

Evening Standard · Jan 22, 2025

British Airways owner IAG outperforms rivals with profits up 15%

Group expects ‘strong financial performance to continue’ as it announces €350m share buyback scheme

The Guardian - UK · Nov 8, 2024

British Airways owner IAG records surge in earnings

International Airlines Group reported an operating profit for the first three months to the end of September of 2.0 billion euro (£1.7 billion).

Evening Standard · Nov 8, 2024

FTSE 100 Live 08 November: British Airways owner IAG soars on results beat, retail stocks struggle

IAG shares soared in the FTSE 100 index today after the British Airways owner reported a bumper summer.

Evening Standard · Nov 8, 2024

British Airways Parent IAG Drops Bid For Air Europa

Airline giant IAG, owner of Spanish airline Iberia and British Airways, said Thursday it had dropped its bid to buy Spain's Air Europa due to the "current regulatory environment".

International Business Times · Aug 1, 2024