IAG posts its first financial results
British Airways Boeing 737-436 G-DOCE (msn 25350) GVA (Paul Denton), originally uploaded by Airliners Gallery.
International Airlines Group (IAG) (British Airways and Iberia) has posted its first financial results as a new airline group, producing a profit for 2010.
Read the full report: CLICK HERE
“International Airlines Group is one of the world’s largest airline groups with 408 aircraft flying to 200 destinations and carrying more than 55 million passengers each year.
Formed in January 2011, IAG is the holding company of British Airways and Iberia. It is a Spanish registered company with shares traded on the London Stock Exchange and Spanish Stock Exchanges. The corporate head office for IAG is in London, UK.
IAG combines the two leading airlines in the UK and Spain, enabling them to enhance their presence in the aviation market while retaining their individual brands and current operations. The airlines’ customers benefit from a larger combined network for both passengers and cargo and a greater ability to invest in new products and services through improved financial robustness.
The airline industry is moving gradually towards consolidation though some regulatory restrictions still prevail. IAG’s mission is to play its full role in future industry consolidation both on a regional and global scale.
British Airways and Iberia are members of the oneworld alliance.”
Copyright Photo: Paul Denton. Please click on the photo for aircraft details.