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.

Howard Wheeldon: Why this is the best deal for investors

There is no reason why investors should not welcome the prospect of a merger between British Airways and Iberia. This is far more about revenue and profit enhancement than it is about cost savings.

Iberia losses take the shine off BA merger

Analysts warn that British Airways pension deficit could still ruin the deal

How will the deal really affect the operations of our national airline?

...and puts the questions every customer wants to ask to BA chief executive Willie Walsh

Simon Calder: So, what will the British Airways merger mean for passengers?

While the benefits for shareholders of the BA merger deal are clear from the way that both airlines' valuations have soared, the advantages for passengers are more opaque.

Iberia losses soar as economic crisis hits air travel

British Airways' Spanish merger partner Iberia today said losses in the first nine months of the year more than tripled to €181.9m (£162.4m).

David Prosser: BA can no longer fly solo

Outlook It has been two years in the making, but the British Airways merger with Iberia finally seems to have been cleared for take-off. Thank goodness for that. After a disastrous year, BA is in desperate need of some good news – the £500m of annual cost savings that analysts believe the Iberia deal could deliver certainly fit the bill.

BA and Iberia finally land $7bn merger agreement

Agreement signed late last night after day of talks; British jobs to go in €400m cost-saving deal

Airlines agree basis for merger

British Airways and Iberia tonight agreed the basis for a proposed merger expected to be completed in late 2010, a BA spokesman said.

BA and Iberia boards meet to discuss merger deal

British Airways today looked to be on the brink of a merger with Spanish airline Iberia after the boards of both firms met to consider a deal.

Short-sellers strengthen their grip on troubled BA

More than 16 per cent of shares in British Airways are now on loan to short-sellers, suggesting investors believe that stock in the troubled airline which faces a make-or-break few weeks is still over-valued.

Simon Calder: Why Walsh is turning to Spain to relieve BA's pain

"We'll take more care of you," the British Airways slogan used to run. "Fly the flag." These days, within Europe, many more of us fly the harp (Ryanair) or the orange splodge (easyJet). BA's chief executive, Willie Walsh, has many burdens to shoulder, from strike-prone cabin crew to a ballooning pension deficit. But at the core of BA's startling loss of £16.50 for every passenger it carried during the summer is the traveller's changing perception of value.

Market Report: Tullow Oil shines out in lacklustre market

Tullow Oil stood out in an otherwise lacklustre market last night, firming up after a leading broker, returning from a meeting with management, reiterated its positive stance on the stock.

BA alliance could breach EU competition law, say officials

EU regulators fear that Anglo-American alliance will dominate aviation market / Investigation to look at ticket price agreements and transatlantic schedules

BA challenged over transatlantic alliance plan

British Airways faces a battle to go ahead with its planned alliance on transatlantic routes with giant US carrier American Airlines (AA), it was revealed today.

BA looks to seal Iberia deal by Christmas

British Airways could wrap up a merger deal with Spanish flag carrier Iberia by the end of the year, according to its chief executive Willie Walsh.

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