News

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.

Ryanair is now slashing capacity over winter, grounding as many as 80 aircraft to cut costs

Low-cost airline Ryanair goes into a steep dive after shock profits warning

Firm is now slashing capacity over winter, grounding as many as 80 aircraft to cut costs

The Business Matrix: Saturday 3 August 2013

Ocado co-founder sells £3.3m shares

IAG boss Willie Walsh has said Heathrow expansion is now unlikely

IAG boss Willie Walsh: no Heathrow expansion now

BA boss says issue 'too politically sensitive'

IAG issues $927m bonds backed by new planes

British Airways has launched a $927m (£603m) publicly traded bond issue, using 14 of its new planes as collateral.

British Airways has ordered 18 new Airbus A350 aircraft

BA orders 18 new Airbus A350 aircraft

British Airways has ordered 18 new Airbus A350 aircraft as part of a move to phase out a fleet of 30 Boeing aircraft over the next 10 years.

International Airlines chief Willie Walsh slams Government over visas and Heathrow

Airlines chief Willie Walsh today renewed his assault on the Government’s tourism policy, warning Heathrow will be eclipsed by faster-growing hub airports and British travellers face tougher travel restrictions from countries frustrated by our visa regime.

Business week in review

In profit...

IAG scales down job cuts at Iberia after union clashes

International Airlines Group, the owner of British Airways and Iberia, yesterday looked to have won a major battle with unions and ended the threat of strikes at its Spanish airline with a deal that will still see it save €250m (£218m) a year.

Willie Walsh's bonus shot down as Iberia airline's performance nosedives

Spanish airline Iberia's dire performance cost International Airlines Group boss Willie Walsh his annual bonus today.

James Moore: The going is good so who will rock boat on pay?

Outlook AGM season is upon us, and that means another bust-up over pay at easyJet.

Travel Challenge: A Cuban adventure

Each week, we invite three companies to offer us their best deal for a specific break. Today: a two-week tour of Cuba. Prices are per person, based on two people travelling together. Each includes 14 nights' accommodation and flights from London to Havana at the end of February.

The true cost of business at any price

Never mind the planet, there are air miles to run up and cars to drive faster. Something for the junior brides to reminisce about one day, then...

Simon Calder's Holiday Helpdesk: Travel from Chile to the UK

Every day our travel guru answers your travel questions

Britain is still living in old world, says BA chief Walsh

Willie Walsh, chief executive of the owner of British Airways, has condemned the Government's economic recovery plans, warning: "I don't see an agenda for growth in this country."

Britain has no agenda for growth, says Walsh

Airlines boss wants ministers to end visa restrictions and boost trade with new markets
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Indiana serial killer? Man arrested for murdering teenage prostitute confesses to six other murders - and police fear there could be many more

A new American serial killer?

Police fear man arrested for murder of teen prostitute could be responsible for killing spree dating back 20 years
Sweetie, the fake 10-year-old girl designed to catch online predators, claims her first scalp

Sting to trap paedophiles may not carry weight in UK courts

Computer image of ‘Sweetie’ represented entrapment, experts say
Fukushima nuclear crisis: Evacuees still stuck in cramped emergency housing three years on - and may never return home

Return to Fukushima – a land they will never call home again

Evacuees still stuck in cramped emergency housing three years on from nuclear disaster
Wildlife Photographer of the Year: Intimate image of resting lions claims top prize

Wildlife Photographer of the Year

Intimate image of resting lions claims top prize
Online petitions: Sign here to change the world

Want to change the world? Just sign here

The proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Ed Sheeran hits back after being labelled too boring to headline festivals

'You need me, I don’t need you'

Ed Sheeran hits back after being labelled too boring to headline festivals
How to Get Away with Murder: Shonda Rhimes reinvents the legal drama

How to Get Away with Murder

Shonda Rhimes reinvents the legal drama
A cup of tea is every worker's right

Hard to swallow

Three hospitals in Leicester have banned their staff from drinking tea and coffee in public areas. Christopher Hirst explains why he thinks that a cuppa is every worker's right
Which animals are nearly extinct?

Which animals are nearly extinct?

Conservationists in Kenya are in mourning after the death of a white northern rhino, which has left the species with a single male. These are the other species on the brink
12 best children's shoes

Perfect for leaf-kicking: 12 best children's shoes

Find footwear perfect to keep kids' feet protected this autumn
Anderlecht vs Arsenal: Gunners' ray of light Aaron Ramsey shines again

Arsenal’s ray of light ready to shine again

Aaron Ramsey’s injury record has prompted a club investigation. For now, the midfielder is just happy to be fit to face Anderlecht in the Champions League
Comment: David Moyes' show of sensitivity thrown back in his face by former Manchester United manager Sir Alex Ferguson

Moyes’ show of sensitivity thrown back in his face... by Ferguson

Manchester United legend tramples on successor who resisted criticising his inheritance
Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells