Reading Time: < 1 minute IAG has released its first-quarter financial results, highlighting the group’s confidence in achieving higher profit by this spring. IAG chief executive Luis Gallego says: ”The group’s operating loss reduced significantly in the first quarter compared to last year, with our losses reflecting normal seasonality, the impact of Omicron and costs associated with ramping up operations.” […]

Reading Time: < 1 minute In 2012 the loss of 4,500 jobs at Iberia was announced during a period of restructuring where the airline reduced its fleet by 25 aircraft and its network capacity cut by 15% in a bid to reverse cash losses by mid-2013 and raise profits by at least €600m. These job cuts came hot on the […]