Articles tagged “iag”

Norwegian CEO Warms Up to Potential Sale

Norwegian CEO Warms Up to Potential Sale

Richard Weiss, Bloomberg

Norwegian's CEO seems to be a lot more relaxed about the possibility of selling the company than he was just a few weeks ago. He may still think the airline can thrive independently but if the price is right we should expect a sale.

3 hours ago

Norwegian Attracts Lufthansa’s Interest as Bidding War Looms

Norwegian Attracts Lufthansa’s Interest as Bidding War Looms

Christopher Jasper and Richard Weiss, Bloomberg

The odds on Norwegian staying an independent company look very slim indeed. The big question then is: where will Norwegian end up? At the moment it's a two-horse race between Lufthansa and IAG.

1 day ago

Higher Fuel Prices Will Put a Profit Squeeze on Airlines

Higher Fuel Prices Will Put a Profit Squeeze on Airlines

Angus Whitley and Richard Weiss, Bloomberg

Weak and unprofitable airlines can muddle along when fuel doesn't cost much, but it's a very different story when the price starts to rise. The International Air Transport Association thinks tougher times lie ahead.

3 weeks ago

Why Ryanair Is Hungry for Acquisitions

Why Ryanair Is Hungry for Acquisitions

Patrick Whyte, Skift

Ryanair is the great white shark of the airline world. It knows which airlines are bleeding cash and it is in the mood to feast.

4 weeks ago

Norwegian Rejects Approaches From British Airways Owner

Norwegian Rejects Approaches From British Airways Owner

Patrick Whyte, Skift

Given Norwegian's financial situation, we should expect IAG's approach to have been on the low side. CEO Willie Walsh is a shrewd operator and is probably happy to wait things out rather than overpay.

2 months ago

Norwegian Is Taking a Big Risk Betting on a Fuel Price Drop

Norwegian Is Taking a Big Risk Betting on a Fuel Price Drop

Benjamin Katz and Richard Weiss, Bloomberg

Airlines usually like the certainty that hedging brings. If prices go up, then Norwegian could be in a lot of trouble.

2 months ago

Norwegian CEO Not Interested in Selling to British Airways Owner

Norwegian CEO Not Interested in Selling to British Airways Owner

Jonas Cho Walsgard and Richard Weiss, Bloomberg

There we have it: Norwegian's CEO doesn't want to do a deal with IAG. That's not necessarily the end of the story, however. These things can change pretty quickly.

2 months ago

British Airways Parent Looking at Buying Norwegian

British Airways Parent Looking at Buying Norwegian

Patrick Whyte, Skift

Wow. Not many people will have seen this coming, including, it seems, Norwegian. Adding another brand to IAG's growing portfolio might make strategic sense but it will come at a significant cost.

2 months ago

Ryanair Is Buying a Majority Stake in an Austrian Airline

Ryanair Is Buying a Majority Stake in an Austrian Airline

Richard Weiss, Bloomberg

Not many people would have had Ryanair pegged as the potential partner for Niki Lauda's new Austrian airline. The Irish carrier has seldom chosen the M&A path in the past but an opportunity to take on Lufthansa in central Europe was probably too good an opportunity to turn down.

3 months ago

European Airline CEOs Talk Brexit and Are Divided on the Harm

European Airline CEOs Talk Brexit and Are Divided on the Harm

Jonathan Stearns and Benjamin Katz, Bloomberg

Ryanair CEO Michael O’Leary said "the first industry over the cliffs will be flights" in a Brexit deal, and then perhaps the UK would reexamine its decision. That's not a bad idea at all.

3 months ago

British Airways Wants to Get Smarter About Selling Airline Tickets

British Airways Wants to Get Smarter About Selling Airline Tickets

Patrick Whyte, Skift

Airlines have long hoped for a technological development that would enable them to take back control from travel's middlemen. The New Distribution Capability was supposed to be that solution, but change of this magnitude takes time. At the moment, the British Airways parent seems more than happy to eat up the cost.

4 months ago

Air France-KLM Isn’t Sure What to Do About Low-Cost Rivals

Air France-KLM Isn’t Sure What to Do About Low-Cost Rivals

Patrick Whyte, Skift

Air France-KLM is being much more cautious than its rivals on the subject of low-cost long-haul. Joon isn't the long-term answer and Air France-Klm needs to come up with something better if it is going to compete against Norwegian and others.

4 months ago