Tag Archives: iberia

Iberia fires 4,500 people the same day as it tries to buy Vueling

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IAG, the owners of Iberia and British Airways, have announced that in order to guarantee the survival of Iberia they will have to fire 4,500 people, or about a fourth of its workforce. The announcement comes a day after IAG announced a 113 million euro bid for Vueling, the low cost Spanish airline. Iberia will cut its capacity by 15%, after IAG posted a loss of 39 million euros in the first nine months of Continue reading Iberia fires 4,500 people the same day as it tries to buy Vueling→

Spain’s Iberia seeks survival in low-cost launch

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Spain’s Iberia launched its low-cost air carrier Iberia Express on Friday, defying union opposition as it pushes for commercial and financial survival in a tough environment. European airlines are battling soaring fuel prices, weak demand by cash-strapped consumers due to the euro-zone debt crisis and the burden of new taxes on air travel, as well as fierce competition from low-cost carriers such as Ryanair (RYA.I). Ryanair overtook Iberia, part of International Airlines Group IAG.L (ICAG.L), Continue reading Spain’s Iberia seeks survival in low-cost launch→

Iberia to launch a new low cost line

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Hold onto your hats for Europe’s latest low cost airline, called Iberia Express. Iberia, recently purchased by / which bought out [depends which politician you listen to] BA, has realised that the amount of money it’s losing on the internal flights it’s forced to run by Madrid is colossal. These are those lovely little flights such as the Almeria – Madrid daily return route, which sometimes has as many as 3 people on board. Of Continue reading Iberia to launch a new low cost line→

Iberia admits that its pilots “may” be on strike – it ain’t sure

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Iberia Airlines has opened an investigation into why more than 300 of its flights have recently been delayed. They suspect that their pilots may be on a “go slow” without bothering to tell anyone, in protest at Iberia refusing to hire more pilots over the Christmas period. The Iberia Union claims that the delays are caused by understaffing, a claim that Iberia rejects, saying that with the slowdown and cancellation of flights they have, proportionally, Continue reading Iberia admits that its pilots “may” be on strike – it ain’t sure→