IAG losses widen as Iberia’s problems wipe out progress at British Airways

Spanish airline battles competition from low-cost airlines and high-speed trains, labour disputes and economic crisisInternational Airlines Group reported a first-quarter operating loss of €278m (£235m) as continued weakness at its Spanish carrier Iberia wiped out progress at British Airways.The loss at IAG, Europe’s third-biggest airline group by market value, was greater than the €249m loss […]
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Scrap flight tax to boost economy, say airlines

Abolition of air passenger duty would create around 60,000 jobs according to British Airways commissioned reportUK-based airlines have launched a renewed attack on air passenger duty with a report that claims the UK economy would be boosted by £16bn a year if the tax was scrapped.Commissioned by four British airlines including British Airways, the report […]
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Strikes likely at Iberia just before Christmas

General Workers’ Union says strikes are to protest against ‘unnecessary layoffs’Unions representing most workers at the Spanish airline Iberia said on Thursday that they would stage six days of strikes immediately before the Christmas holidays in a protest against the company’s plans to lay off 4,500 staff.The stoppages by Iberia ground staff and cabin crews […]
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Virgin Atlantic to start flights between Heathrow and Scotland

Airline to begin flights in spring after being offered slots British Airways was forced to relinquish after its takeover of bmiVirgin Atlantic will be operating domestic flights from Scotland to Heathrow from spring after being offered all the remaining slots that British Airways was forced to relinquish after its takeover of bmi.The airline will be […]
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Let’s not avoid the difficult questions on the future of our airports | Observer editorial

Howard Davies has an onerous task in choosing whether we need a new airport or an expanded HeathrowSir Howard Davies, the man with the job of deciding whether Britain needs a new airport, must be looking with some alarm at the precedents. In 1971, after more than 18 months of work, the Roskill commission recommended […]
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Snow show when we tried to claim a cancelled British Airways flight refund

BA insists we talk to Flight Centre; they insist it is down to BA. What now?We booked British Airways flights through Flight Centre to travel from Manchester to Durban, South Africa via Heathrow in February. The day before our departure the agent told us that, due to heavy snow, the Manchester to Heathrow flight was […]
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Want a late-summer getaway? Do it on the cheap

Tuesday is the cheapest day of the week to fly from the UK, according to a recent Which? survey. Here are 10 more money-saving tips for travelling on a very tight budgetIf you’re about to book a holiday, think carefully about which day you plan to leave before you book the trip. According to research […]
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Salesman for software company selling to HFT firms: ‘We robotise events’ | Joris Luyendijk

Joris Luyendijk talks to a software salesman about adjusting to the world of high-frequency trading and the need for speedAmong the most read interviews on the blog is this computer programmer at a high-frequency trading (HFT) hedge fund. To understand HFT, he explained: “Compare the movements of shares on the stock market with waves. Our […]
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How the add-ons add up

Just a bag and the credit card fee can be £82. We look at the real cost of budget flightsHolidaymakers travelling to Europe this summer on budget airlines face soaring fees for taking just a single bag on the plane – and staggering costs if they have to make any changes to their tickets or […]
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