Willie Walsh sees a $2 billion shortfall because of fuel purchases in U.S. dollars as "very technical, mechanical." Ya, the Great Depression was merely a correction too.
Two of Great Britain's largest airline companies fear the Brexit will be bad for business, as passengers may cut back on travel.
If not for Europe's limits on foreign ownership, Qatar Airways and other gulf carriers would undoubtedly have an even larger presence across the continent.
Until the Open Skies debacle gets resolved, Qatar Airways' stake in IAG, particularly for its North American routes, is its way to benefit from lucrative transatlantic routes.
BA is the envy of every European airline right now.
The three airlines are already Oneworld members but this new codeshare agreement would take cooperation to a wholly different level.
British Airways is the only legacy carrier in Europe that seems to have a handle on the unique challenges they are facing.
With Latam in South America, American in North America, and some soon-to-be-agreed-upon partners in Europe, IAG is building a network capable of meeting the challenges of Gulf carriers. Now if only it's third runway at Heathrow wasn't being held up by politics.
IAG, which is Europe's third larget airline group, announced raised earnings targets and returns on invested capital.
Oneworld indeed, and a smaller one every day.