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Pain in Spain for IAG

British Airways owner International Consolidated Airlines (IAG) spent an extra €281m (£226m) on fuel during the first three months of 2012; a strike by pilots opposed to pay cuts at Iberia cost another €25m, and a euro zone economy in tatters is causing Madrid problems. The result is an operating loss that matched only the most pessimistic of City forecasts, and there are few positive factors on the horizon.

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By Lee Wild,
14 May 2012

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More tips and updates for this share

International Consolidated Airlines in confident mood (International Consolidated Airlines Group SA) 28 February 2013 Tip Update
Spanish strike against IAG (International Consolidated Airlines Group SA) 19 February 2013 Tip Update
IAG tackles mess in Madrid (International Consolidated Airlines Group SA) 12 November 2012 Tip Update
A Spanish flyer in IAG's ointment (International Consolidated Airlines Group SA) 06 August 2012 Tip Update
Bankia heading for IAG departure (International Consolidated Airlines Group SA) 31 May 2012 Tip update
IAG may have to wait for bmi (International Consolidated Airlines Group SA) 14 March 2012 Tip update
IAG’s fuel warning light flashing (International Consolidated Airlines Group SA) 29 February 2012 Tip update
IAG braced for hard landing (International Consolidated Airlines Group SA) 01 December 2011 Tip

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