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.

Branson set to relinquish control of Virgin Atlantic

Virgin Atlantic yesterday revealed it had been approached by a series of rivals over potential tie-ups, increasing speculation that Sir Richard Branson is preparing to relinquish control of the carrier he founded in 1984.

Rivals spark Virgin Atlantic deal talk

Virgin Atlantic today fuelled speculation it could pursue a merger or tie-up after it said it had received "a number of lines of enquiry".

David Prosser: Everyone is in favour of tax reform – just as long as someone else pays

Outlook: The problem is, what businesses really mean when they ask for clarity and simplicity is that they think their tax bills should be lower

Investors clear £4bn merger of British Airways with Iberia

Shareholders in Britain and Spain overwhelmingly backed the £4bn merger of their two national airlines yesterday, clearing the last significant hurdle before the deal's scheduled completion in January.

Cabin crew vote for new round of strikes

British Airways bosses had little time to celebrate shareholders' approval of the planned merger with Iberia with the airline's continuing industrial relations problems threatening to overshadow the deal. The merged company is facing another round of strikes by BA cabin crew in the new year with Unite, their union, calling a fresh ballot on industrial action.

Market Report: Misys sale prediction fails to prevent it falling

The takeover spotlight was on Misys yesterday following a prediction that the software company will be an acquisition target next year, prompting an early share price gain before it – like so many on the markets – bolted downwards.

New strike ballot for BA cabin crew

Thousands of British Airways cabin crew are to be balloted for fresh strikes in their bitter dispute with the airline, threatening disruption to flights in the New Year, it was announced today.

BA and Iberia vote for merger

Shareholders of British Airways and Spanish carrier Iberia today voted in favour of a £5 billion merger of the two airlines.

BA returns to profit with £158m surplus

British Airways boss Willie Walsh said today the airline had turned the corner after making a half-year profit for the first time in two years.

Traveller's Guide: Round-the-world flights

Escape winter (and the UK's new age of austerity) by resetting your compass on a 360-degree trip around the globe – for less than you might imagine.

BA 'will not back down' over cabin crew dispute

British Airways will not back down in the year-long cabin crew dispute and is ready to run a near-full service in the event of another strike, the airline's chief executive Willie Walsh said today.

Martin Broughton: Last-minute winner

The chairman of Liverpool Football Club has turned out to be exactly the man it needed in a crisis. But is he there to stay?

A lot has happened in six years, Gérard

Dear Gerard, Welcome back.Your first Premier League match in six years.

BA and Iberia merger set for take-off after deal on funding of £3.7bn pension deficit

The merger between British Airways and Iberia has cleared its last hurdle, with the Spanish flagcarrier's agreement to BA's plans for funding its £3.7bn pension deficit.

David Prosser: Fierce headwinds face British Airways' attempts to get back in the black

Outlook Go Willie, go. The Iberia merger may finally be cleared for take-off, the pension scheme hurdle having been officially overcome yesterday, but British Airways boss Willie Walsh will be acutely aware of the turbulence he faces turning the fortunes of his business around. This, after all, is an airline that lost more money in the first quarter of this year than in the same period of 2009.

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