The Business Times

IAG

Transport & Logistics

British Airways-owner IAG third-quarter profit inline with expectations

It continues to see weakness in its US point-of-sale economy cabin offering

Insurance Australia Group, the country’s biggest general insurer, had completed its acquisition of a 90 per cent stake in RACQ Insurance earlier this month.
Banking & Finance

Australia sues IAG's unit for allegedly misleading thousands of customers

RACQ Insurance, a unit of Insurance Australia Group, misled thousands of customers with false premium comparison

The carrier reported adjusted operating profit of 4.44 billion euros, above analysts’ expectations from a company-compiled poll for 4.08 billion euros.
Transport & Logistics

British Airways owner IAG launches 1 billion euro share buyback

It reported a 27% jump in annual operating profit, beating market expectations

Air Europa, which has a fleet of around 50 aircraft, operates flights within Spain as well as from the country to cities in Europe and Latin America.
Transport & Logistics

Air France-KLM shows 'interest' in Spanish airline stake

The Franco-Dutch group is considering taking a 20% stake in Air Europa

The earnings of the owner of British Airways were fuelled by the North Atlantic market, where capacity advanced almost 4 per cent in the quarter.
Transport & Logistics

British Airways owner beats estimates, trims 2024 capacity goal

Revenue for the quarter came in at 9.33 billion euros, also ahead of predictions

Chief executive Luis Gallego said the group, which also owns Iberia, Aer Lingus and Vueling airlines, had already secured more than 80 per cent of projected bookings for the second quarter and over 40 per cent for the third quarter.
Transport & Logistics

BA-owner IAG projects strong summer after solid first quarter

Operating profit totalled 68 million euros (S$99.19 million) in January-March

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