IAG, parent of British Airways (BA), invests $21 billion total in Boeing 787-10 and Airbus A330-900neo to modernize its fleet.
IAG
IAG, British Airways’ parent company, expects a 15% profit surge due to high travel demand and lower fuel costs in 2024.
According to sources familiar with the matter told Bloomberg News, IAG, the parent company of British Airways (BA), is currently discussing a potential acquisition of widebody aircraft with Boeing and Airbus.
Drawing from the 2023 Allianz Partners Big Book of Travel Data by IdeaWorks, the forthcoming list presents the Top 10 airlines ranked in descending order based on their employee count as of the end of 2022.
IAG intends to expedite the growth of its short-haul fleet by placing an order for 37 Airbus A320neo family aircraft.
IAG’s cargo division continues to thrive off the back of a record 2021. IAG Cargo has shared its first quarterly results for this year, revealing that cargo need is as high as ever. IAG’s cargo division posted revenues of €432 million ($455 million), a 23.4% growth compared to 2021.