Iberia A321. By Rob Finlayson Sharply increased half-year losses at International Consolidated Airlines Group (IAG) have led chief executive Willie Walsh to warn of imminent major restructuring at subsidiary Iberia (IB) to correct “deep and structural” problems. Redundancies were inevitable, he said. IAG, which comprises IB and British Airways (BA), slumped to an operating loss of €253 million ($312 million) before exceptional items for the six-month period ending ...

Subscribe to Access this Entire Article

"IAG warns of Iberia restructure following losses" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.