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British Airways

British Airways owner IAG faces shareholder revolt over CEO pay
By City AM
The company has been one of a slew of European airlines to cash in on booming travel demand in the post-Covid era
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British Airways owner IAG orders 53 new aircraft as earnings beat estimates
By City AM
The British Airways owner has announced the order of 53 new aircraft for its fleet, alongside better-than-expected first-quarter results
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Regional and City Airports appoints new commercial director
Appointments
He will join the executive team and take on responsibility for all commercial activity across the group's airports
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British Airways owner IAG's profits soar as share buyback announced
By City AM
International Consolidated Airlines Group (IAG), which also owns airlines including Aer Lingus and Iberia, reported operating profit of €4.3bn (£3.6bn) in 2024
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Loyalty reward scheme start-up acquired by global software giant in mega deal
Deals
Lux Rewards was established after business student James Courtney won a competition at the University of Bath
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Heathrow could face legal challenge from airlines over third runway, Emirates' boss warns
By City AM
In an interview with the Financial Times, Sir Tim Clark warned against further hikes to landing charges to pay for the expansion
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North East tyre recycling plant seals investment boost from British Airways owner
Deals
The IAG investment will allow Wastefront to start construction on its fully circular tyre-to-fuel facility in the North East
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Tyneside tech firm Leighton moves to new city centre offices
Technology
The company has also reached a milestone after its workforce reached 100
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Buy British Airways owner shares and 'sell' Wizz Air, say analysts
By City AM
Panmure Liberum analysts have picked the British Airways owner as their 'most preferred' stock within transport, with a target price of 500p compared to its current 287p share price
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IAG shares set to benefit as British Airways pushes ahead with £7bn transformation
By City AM
The IAG share price has been on a tear since the º£½ÇÊÓƵ lifted its Covid-19 restrictions, surging 95.9 per cent in 2024 amid booming travel demand, and analysts believe there is more upside to come.
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Bristol aerospace: Concorde's last flight was 21 years ago
Aerospace
The supersonic jet is now housed within the Aerospace Bristol museum at Filton
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British Airways in major expansion at Cardiff Airport
Cardiff Airport
It is expanding one of its three maintenance bays
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British Airways owner sees shares soar 7.5% following robust third-quarter financial performance
By City AM
The British Airways owner reported a 15.4 per cent increase in operating profit to adjust over €2bn (£1.7bn) in the three months to September 30, with total revenue up 7.9 per cent
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London City Airport reports £6.6m profit, marking a return to pre-pandemic financial health
By City AM
The hub has reported a pre-tax profit of £6.6m for 2023, according to newly-filed accounts with Companies House, having made a loss of £1.1m in the prior 12 months
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People on the move: key North East appointments and promotions
Appointments
Companies welcoming new arrivals this week include Newcastle Building Society, JK Lifting, Howarth Litchfield, Robertson Construction and Sanderson Weatherall
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Michael O'Leary calls for dismissal of NATs boss after repeated disruptions at º£½ÇÊÓƵ airports
By City AM
Thousands of passengers have had their flights cancelled at Heathrow and Gatwick Airports due to bad weather and staff shortages at the National Air Traffic Service (NATs)
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North East Business Awards shortlist is announced with area winners
Events
Winners have been announced in 10 categories in Northumberland and Tyneside; Sunderland, County Durham and South Tyneside; and Teesside
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IAG: British Airways owner to restart dividend payments for first time since Covid
By City AM
The London-listed group has proposed an interim dividend of 3 per share. Shares were up over four per cent in Friday morning trading.
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Record-breaking day at Heathrow as airport handles over a quarter of a million passengers
South East
The airport said 268,000 passengers travelled through its terminals on June 30, the day after the Brexit deadline was extended from October
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De Montfort University students win ProCon bursary prizes
East Midlands
Fund was established in 2021 to celebrate the contribution of the property and construction network's co-founder Pam Allardice
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Property group expands Birmingham portfolio with buyout deal
West Midlands
Developer and investor Sterling has acquired its second asset under management as it looks to grow this side of the business
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Gateshead firm Petards announces takeover for Affini Technology Group
Deals
The acquisition of the Derby firm came as Petards also announced difficult results for 2024
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Newcastle software developer Leighton to create 20 jobs as turnover tops £8m
Employment
The company is looking to bring on board several high-level positions including a chief consulting officer
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Screenology to expand Bristol filmmaking and video courses after securing £95k
Creative & Digital
The company currently employs 22 members of staff and is planning to create new jobs over the next 18 months
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