British Airways has confirmed Thursday that its proposed merger with Spanish carrier Iberia will go ahead after concluding a £4.2 billion (US$7 billion) deal. The merger – 18 months in the making – creates the world's third largest airline group and will see BA take control of 55 per cent of the combined group, rising to 56 per cent when cross shareholdings held by the two companies are cancelled next year. Willie Walsh, BA's chief executive will become the head of the … [Read more...] about Long-awaited BA/Iberia merger signed
British Airways
EUROPS & CIS: Branson urges US to deny BA-American coop
Richard Branson has called on the US government to deny British Airways’ request for greater commercial cooperation, including agreement on ticket schedules and prices, with American Airlines. It is one year since British Airways applied to regulators for anti-trust immunity, which would in effect allow it to dominate Heathrow Airport. According to Branson, BA wants the “global aviation regulatory system to be applied solely in his interestsâ€Â. It is already … [Read more...] about EUROPS & CIS: Branson urges US to deny BA-American coop
EUROPS & CIS: Branson urges US to deny BA-American coop
Richard Branson has called on the US government to deny British Airways’ request for greater commercial cooperation, including agreement on ticket schedules and prices, with American Airlines. It is one year since British Airways applied to regulators for anti-trust immunity, which would in effect allow it to dominate Heathrow Airport. According to Branson, BA wants the “global aviation regulatory system to be applied solely in his interestsâ€Â. It is already … [Read more...] about EUROPS & CIS: Branson urges US to deny BA-American coop
EUROPE & CIS: Outlook uncertain says British Airways
UK carrier British Airways says total traffic for the month of July was up one per cent, capacity was down 2.7 per cent from a year ago and passenger load factor was up 3.1 per cent compared to last year. The remaining northern summer holiday months are expected to help all European carriers loads and yields, but BA added that yields will be under pressure from the year-on-year impact of lower fuel surcharges, exchange movements andmix. BA cargo business has been hit even harder, with … [Read more...] about EUROPE & CIS: Outlook uncertain says British Airways
EUROPE & CIS: Outlook uncertain says British Airways
UK carrier British Airways says total traffic for the month of July was up one per cent, capacity was down 2.7 per cent from a year ago and passenger load factor was up 3.1 per cent compared to last year. The remaining northern summer holiday months are expected to help all European carriers loads and yields, but BA added that yields will be under pressure from the year-on-year impact of lower fuel surcharges, exchange movements andmix. BA cargo business has been hit even harder, with … [Read more...] about EUROPE & CIS: Outlook uncertain says British Airways
Outlook uncertain says BA
UK carrier British Airways says total traffic for the month of July was up one per cent, capacity was down 2.7 per cent from a year ago and passenger load factor was up 3.1 per cent compared to last year. The remaining northern summer holiday months are expected to help all European carriers’ loads and yields, but BA added that yields will be “under pressure from the year-on-year impact of lower fuel surcharges, exchange movements and mixâ€Â. BA’s cargo business … [Read more...] about Outlook uncertain says BA
