It seems IAG are hell bent on making the savings it wants to get Iberia back in the black, and are planning to make 3807 staff after failing to agree with the unions overt the cut. Iberia have been trimming down the numbers it wants to cut in an attempt to make the carrier profitable again - and are is in the process of cutting routes, creating a lower cost carrier, and … [Read more...]
Iberia mangment and unions fall out – strikes ahead
After a short period to negotiate, Iberia and its unions have once again fallen out over job cuts, with 5 days of continuous strike action to take place. No date has currently been set, although it is expected to take place in the 2nd half of February. The Unions rejected a plan that would cut the initial 4500 job cuts to 3,147, 30 percent, lower wage reductions and … [Read more...]
Iberia route cuts to bite from January 2013
We've been waiting to see how the cuts at Iberia are going to strike... well here they are. From Mid-January 2013, the short haul following routes are withdrawn: Athens Cairo Istanbul From 1st April, the following Long Haul services are facing the axe: Havana Santo Domingo San Juan (re-route via Miami) Montevideo (via other Iberia destinations) The … [Read more...]
Avios flight sale
With one year gone since the word "Avios" formally became part of the frequent flyer list of words, it seems Avios.com, British Airways and Iberia are having a bit of a party. The skinny: 25% off redemptions using Avios or Avios+Money bookings (Avios part only). Bookings must be made between for travel between 14/11/12 & 19/11/12 for departures from 14/11/12 & … [Read more...]
4500 jobs to go at Iberia
It seems IAG's patience with Iberia is running out quickly, as it announced today a sharpening of the job axe. Up to 4500 positions are up for the cut, along with five long haul aircraft and 20 shorthaual aircraft to be removed for the Iberia mainline fleet (156 planes down to 131 planes). This will also reduce Iberia's routes by 15%, to focus on the profitable routes. … [Read more...]
IAG turns in a loss
International Airlines Group (BA/Iberia/BMI) is having a bad time of it - loosing €390m ($476m; £306m) loss for the six months to the end of June. This is especially bad as the group turned in a €39 million pre-tax profit in the same period in 2011. Revenue increased in the period by10% to €8.5bn vs €7.8bn in the same timeframe. Whilst revenue has been up, costs has also … [Read more...]
Farnborough Day 1 Roundup
As the first day of Farnborough 2012 draws to a close, lets take a look at what has been creating headlines today: Top of the bill goes to Steven Udvar-Hazy's Air Lease who have placed an a firm order for 60 Boeing 737 Max 8 and 15 Boeing 737 Max 9s with "reconfirmation rights" for 25 more. Expect those to be leased to airlines quickly when they arrive... Airbus … [Read more...]
Iberia/Air Nostrum pulls out of Manchester and Glasgow
It seems that conditions are very tough out there, with Air Nostrum throwing in the towel on the Manchester-Madrid and Glasgow-Madrid services. The services are being pulled after the towards the end of the UK Summer season (just before schools re-commence) Glasgow-Madrid terminates 30/08/2012 Manchester-Madrid terminates 14/09/2012 Lack of demand has been cited by … [Read more...]
Iberia Express to launch on Sunday
IAG and Iberia are pushing the launch of Iberia Express, which is due to commence on Sunday 25th March with the aim to “restore profitability to short and medium-haul routes” Formed as a chance to take on the now dead Spanair, and to attempt to offer a higher value proposition than some Low Cost carriers, there is a fair olde list of destinations up for grabs. The first … [Read more...]
Iberia: 24 more days of strikes announced
Meanwhile it seems that Iberia is still in the depths of Strike action, with SEPLA still annoyed at the launch of Iberia Express. A further 24 days of industrial action have been announced. SELPA state: "The pilots have decided to increase the number of strike days due to the company’s refusal to negotiate" Pilots in SEPLA have contributed to 12 days of strikes since … [Read more...]
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