International Consolidated Airlines Group, S.A. (ICAGY)
- The Telegraph
Working from home hurting corporate travel, warns British Airways owner
British Airways parent IAG has said an increase in home working since Covid is holding back demand for corporate travel, even as it predicts a bumper summer for leisure sales.
- The Telegraph
Bank of England made ‘persistent and systematic’ errors, official admits
The Bank of England made “persistent and systematic” errors in its forecasts about inflation, one of its policymakers has said.
- Reuters
IAG in talks to address Air Europa bid concerns
British Airways owner IAG said on Friday it is in talks with other airlines about ceding routes in order to address EU regulators' concerns that its bid for Air Europa may reduce competition and lead to price increases. IAG, which also owns Spanish carrier Iberia, aims to secure full control of Air Europa, but the European Commission last month warned about the impact on Spanish domestic routes as well as long-haul routes. "Regarding Air Europa's acquisition, we continue to make progress with the European Commission and have already shared with them the potential airlines that would take over the routes renounced as part of the remedy package," IAG said in a statement in a call with Spanish media outlets.
