ArchivesTag : iberia
British Airways reports profit in the third quarter
British Airways reported a shocking third quarter operating profit of GBP£25 million pounds (USD$39 million) during the last three months of 2009.
Full StoryBritish Airways and Iberia merge
The world’s third largest airline by revenue was created by British Airways and Iberia. The creation of a new airline means the merger of two airline companies. It is expected that the amalgamation will be completed in late 2010. The new airline will have 419 aircrafts together with 205 destinations to fly.
Full StoryBritish Airways faces record losses
As the downturn in business travel continues, British Airways announces record losses and estimates it will need more time to recover that previously expected. The company is set to face a 252 million pound pre-tax loss for the first half of the 2009, making this the second consecutive year without any recorded profit.
Full StoryNew Concerns about the OneWorld Alliance
New concerns appeared about the planned alliance between American Airlines, British Airways and Spain’s Iberia as all three carriers suffered losses this year.The International Air Transport Association forecasted that the overall loss of the airline industry would be $11bn in 2009.
Full StoryNew Plan of Iberia to Cut Costs
Iberia decided to approve a strategy, called Plan 2012, the aim of the plan is to increase operating profile by €450 million. To fulfill the plan the company decided to cut costs and make efficient improvements. Rafael Sanchez-Lozano said that as the airline industry underwent a dramatic situation, it was decided to modify Iberia into [...]
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