International Airlines Group
International airlinewww.iairgroup.com
78
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22
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Search complete. 78 mentions across 22 episodes found for "International Airlines Group".
Oct 27, 2026
James ClarkeHOST
Everybody is going to be hurting next year.
James ClarkeHOST
Louis Gallego from IAG, medium and small airlines are going to have difficulties even surviving this winter.
James ClarkeHOST
And John Strickland, who's an analyst who wrote a very good article for the Financial Times, wrote about substantial cancellations and it puts life in question for some.
James ClarkeHOST
And then some key data for us to look at.
James ClarkeHOST
Ryanair, we spoke about this, 80% was hedged at $67 a barrel of crude.
James ClarkeHOST
The other 20% at market, nearly $140.
James ClarkeHOST
And IAG and Lufthansa are now hedging jet fuel directly, not just crude, to avoid the crack spread.
James ClarkeHOST
And then O'Leary expects high fuel costs to run for at least 12 to 18 months, even potentially into 2028.
Kerry RealsPANELIST
with the possibility of later acquiring a majority stake.
Kerry RealsPANELIST
So what this does for Lufthansa is it gives them a foothold in the South Atlantic market, flights to Latin America, notably Brazil, where Lufthansa had kind of lagged behind Air France, KLM and IAG previously.
Kerry RealsPANELIST
Now Lufthansa's chief executive, he did an analyst call right after the deal was announced.
Kerry RealsPANELIST
He said it was too good an opportunity to miss.
Kerry RealsPANELIST
It's interesting.
Kerry RealsPANELIST
It's one of the last big European network carriers to have been swallowed up by either Lufthansa, Air France, KLM or IAG.
Kerry RealsPANELIST
So we could kind of be coming towards the end now of those big airline acquisition deals in Europe as pretty much everyone's been swallowed up over here.
Kerry RealsPANELIST
So yeah, a big deal.
Riaan van SchoorHOST
The latest number for that cost is 49 billion.
Riaan van SchoorHOST
And the International Airlines Group, as well as the Heathrow Airline Operators Committee, they want an independent advisor to scrutinize those costs and the value of Heathrow's third runway expansion.
Riaan van SchoorHOST
So Again, just a deep sigh because I can't understand why we can't just get on with it and do this thing because this is another decade of delays and costs.
Aash ShravahHOST
It might be easier to build a third airport.
Jens FlottauGUEST
They have 150 of it on firm order.
Jens FlottauGUEST
Vueling, part of the IAG group, has a big order in place.
Jens FlottauGUEST
But also, you know, Leisure and Charter Airlines in Europe are betting on the Dash 10.
Guy NorrisGUEST
Tweed
Xavier BainesGUEST
sure.
Xavier BainesGUEST
I mean, overall, if you're looking at the full-service European carriers, say IAG, Lufthansa, Air France-KLM, et cetera, they tend to have roughly one to two years rolling hedging policies, which vary between 60% to 80% roughly.
Xavier BainesGUEST
Obviously, that coverage is going to change depending on what horizon you're looking at exactly.
Xavier BainesGUEST
They're not going to run out yet, even if they stopped hedging in February just before the conflict started and fuel prices started rising.
Garth LundHOST
And based on the numbers published by Lufthansa Group, This merger will take them from a 9% share between Europe and South America up to a combined 20% share between Europe and South America, which will mean that the three airline groups or the three large airline groups in Europe all end up with relatively similar market share between Europe and South America.
Garth LundHOST
So the combined TAP Lufthansa group will be at 20%, IAG is also at 20%, and Air France KLM is currently sitting at 17%.
Garth LundHOST
So they will all be splitting the market roughly equally, but it does give Lufthansa Group kind of the leg up they needed to fill what is or what was somewhat of a white spot
John StricklandHOST
within their network.
6 MINS LATER
Garth LundHOST
And as well, you have the strong Brazilian and South American footprint.
Garth LundHOST
So I think TAP is a strong addition to any airline group network, but certainly not one without its challenges and certain challenges specific to Lufthansa Group, perhaps.
Garth LundHOST
I thought what was interesting as well about the announcement was that there was also discussion about the path to full ownership, which, if we recall, the reason that IAG had not participated in the bid because this was a minority stake in TAP and IAG was looking for majority control of any airlines they bring into the portfolio.
Garth LundHOST
But following the announcement here, it does seem like there is a pathway to full ownership in a few years' time in a separate process, which the document issued by Lufthansa mentioned is due to be initiated shortly.
Jay ShabatHOST
And that's not United at all.
Jay ShabatHOST
That's, you know, maybe some other airlines that we'll talk about in future podcasts.
Jay ShabatHOST
But yeah, so simple answer to your question.
Jay ShabatHOST
It was a good solid quarter, all things considered.
Gordon SmithHOST
And you certainly got that from the executives in Chicago today, the impression that Delta and United are very much in a league of their own.
Gordon SmithHOST
And it wasn't that hard actually to see Kirby when he was reviewing the the successful carriers in the US from a legacy point of view.
Gordon SmithHOST
He didn't name American airlines, but he also didn't name American airlines, if that makes sense.
Gordon SmithHOST
He didn't say American are doing really crap, but he completely excluded them for the most part when he was discussing successful operators.
Christina CassotisHOST
Air France, KLM, includes those two carriers along with SAS Scandinavian and Transavia.
Christina CassotisHOST
IAG, the third big European conglomerate, includes British Airways, Iberia, Aer Lingus, Voiling, and Level.
Christina CassotisHOST
But the European market is actually still pretty fragmented.
Christina CassotisHOST
The big three have about 30% to 32% of seats within to and from Europe.
Christina CassotisHOST
That's about half of what the U.S. big three have in terms of within to and from system-wide market share.
Christina CassotisHOST
Lufthansa is the biggest of the European groups at about 12%.
Christina CassotisHOST
IAG comes in second at about 10% and Air France KLM at about 9%.
Christina CassotisHOST
Interesting.
Mike KingHOST
Big shout out to Karen Ball for her brilliant production efforts.
Mike KingHOST
Next month, we'll be joined by David Shepard, MD of IAG Cargo.
Mike KingHOST
For more from the Freight Bars Club, subscribe wherever you get your podcasts and follow us on LinkedIn and YouTube.
Mike KingHOST
And if you like what we do, please share and comment.
DrewHOST
yeah it's crazy it's just it's just so big and air france klm what do they have they have i don't know what else they have
DougHOST
they have transavia they have sas yes And then IAG is British Airways, Level, Whaling, Aer Lingus, Iberia.
DougHOST
That might be
DrewHOST
it.
DougHOST
No, Aer Europa.
DougHOST
Oh, yeah, Aer Europa is tied to Air France KLM now.
DougHOST
We talked about that a couple years ago that IAG was trying to make a play for Aer Europa.
DougHOST
This leaves when it comes to actual national flag carriers.
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