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Willie Walsh got a new job this month: the Irish government hired the British Airways supremo as chairman of advisers to its state debt agency. And the latest evidence of the impact of Mr Walsh’s drastic cost-cutting at International Airlines Group (IAG) suggests the Irish couldn’t have found a better person for the job.

Spanish airline Iberia cancelled more than a third of its flights today

British Airways owner IAG to axe 4,500 jobs as it tries to stem Iberia losses

The owner of British Airways is to axe 4,500 jobs as it battles to save its loss-making Spanish airline Iberia.

Axe poised over 7,000 jobs in Iberia restructuring plan

Iberia, the Spanish airline that merged with British Airways to become International Airlines Group (IAG) last year, is to axe up to 7,000 jobs tomorrow, union bosses have warned.

Colin Horsley: Pioneering pianist

Colin Horsley, the New Zealand pianist who made his home in Britain, was first noticed at an end-of-term concert at the Royal College of Music in 1941 when he displayed "almost alarming virtuosity" in a performance of the Saint-Saëns G minor piano concerto. A reviewer wrote: "he can do everything and does it with ease".

BA owner IAG makes £199m loss

Spain's economic crisis and the "deep and structural" problems of its main airline plunged the owner of British Airways into the red today.

Five live: Could the inter-terminal sprint become an Olympic event at Heathrow?

Simon Calder: Terminal tangle afflicts Britain's busiest airport

Terminal 5 at Heathrow is, by the unchallenging standards of UK airport architecture, magnificent. Not only is the £4.3bn structure a spectacular, spacious celebration of flight – it is also a great place to change planes. Whether you are going from Newcastle to New York or Chicago to Chennai, the all-important "minimum connecting time" is just one hour. In 60 minutes, your bag is transferred in the gigantic sorting office below the terminal, while you are free to explore the shops and restaurants, or simply revel in the space and light "T5" affords.

BA warns City it will only break even

The owner of British Airways yesterday shocked the City by warning that it will only break even this year, as it suffers from Spain's economic strife, soaring fuel costs and strikes.

Spencer Myer, Wigmore Hall, London

As each new player joins the fray, one remembers the imbalance between the seven hundred pianists listed in the British Music Yearbook, and the thirty who make a decent living from concerts.

Album: Daniele Gatti, Orchestre National De France (Sony Classical)

Daniele Gatti enters wholeheartedly into the enchantments of Debussy here, with striking results: rarely can a faun have been so breathtakingly glimpsed through sun-dappled foliage, or a dialogue between wind and sea been quite this animé et tumultueux, to use the composer's own direction.

BA takeover to cost 1,200 jobs at BMI

Up to 1,200 jobs will be lost in the £172m takeover of BMI by the parent group of British Airways, the airline has announced.

Something to declare: Spanish practices; Reykjavik; Jersey; safety in the Maldives

Warning of the week: Spanish practices

Olympics 'will hit demand for business flights'

The owner of British Airways – the official airline of the Olympics – has warned that the Games will "dampen" demand for its flights, particularly in the lucrative business market.

A panoramic view of Santiago

Santiago: Poetry and motion in Chile's capital

Santiago carries reminders of a troubled past, but Simone Kane discovers that art and architecture are much in evidence too

Spain's Iberia scraps flights during strike 

Spanish airline Iberia cancelled more than a third of its flights today due to a strike by pilots fearing job losses when company planes are diverted for use by Iberia's planned new budget carrier.

The owner of British Airways, International Airlines Group (IAG), today said it had reached a binding agreement with Lufthansa to buy airline BMI for £172.5 million

British Airways owner IAG agrees to buy BMI for £172.5m

The owners of British Airways today announced a deal to buy ailing airline BMI for £172.5 million amid fears that jobs will be lost following the acquisition.

Travel Challenge Costa Rica

Each week we invite three travel companies to offer us their best deal for a specific holiday. Today: a two-week trip to Costa Rica. Prices are per person, based on two people travelling together. All prices include 14 nights' accommodation and flights from Heathrow in early February next year.

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