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YOU WONT BELIEVE: 5 - You Need To See This

British Airways owner IAG shares soar despite market headwinds

Technology stocks are under pressure but IAG is in demand after declaring dividend

Evening Standard

Federal Reserve interest rate cut bets rise as US jobs disappointment fuels growth fears – as it happened

Non-farm payrolls show US economy created 114,000 jobs in July, well below expectations, sparking speculation of an emergency interest rate cut

The Guardian - UK

British Airways Parent IAG Drops Bid For Air Europa

Airline giant IAG, owner of Spanish airline Iberia and British Airways, said Thursday it had dropped its bid to buy Spain's Air Europa due to the "current regulatory environment".

International Business Times

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Australian shares finish financial year up 7.8 per cent

The ASX200's early gains on Friday faded in the afternoon, but it still finished June and 2023/24 in the green.

AAP

Aer Lingus industrial action causing hundreds of cancellations– what does it mean for your flight?

Pilots at the Irish airline voted 99% in favour of action in support of a 24% pay claim

The Independent UK

Insurers hiked premiums in loyalty ploy, lawsuit claims

A loyalty ploy by insurers led to higher premiums being charged to more than one million customers, a class action alleges in claims the parent company denies.

AAP

Pro AV Newsmakers: ASG Goes AI, LG's New BIC, and People on the Move

Here are some of the people moves and partnerships you may have missed.

AVNetwork

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Compelling Fundamentals Drive Unusual Options for Iamgold (IAG)

With inflation remaining a constant struggle for the Fed, IAG stock should be a cynically intriguing idea for concerned investors.

Barchart

Business wants pay rises for Australia’s lowest paid workers limited to 2% – but what about executives?

Average pay of top bosses has increased from 17 times average earnings in early 90s to about 55 times now. What about those on minimum wage?

The Guardian - AU

Air Europa customers warned their data may have been leaked

Further details about the incident, revealed by Air Europa parent IAG, are not available at this time

TechRadar

British Airways owner’s annual profits soar to £2.3bn on leisure boom

IAG says demand has remained robust despite UK recession, with capacity close to pre-Covid levels

The Guardian - UK

IAG And Air France Optimistic Amid Turbulent Airline Industry

IAG and Air France show resilience and adaptability in positive financial results, signaling hope for aviation industry recovery.

Top News

IAG Proposes Remedies to EU for Air Europa Acquisition

IAG, the parent company of British Airways and Iberia, is set to offer remedies to the EU in order to gain approval for its acquisition of Air Europa.

What Hi-Fi?

Mission 778X

Great sounding and well-equipped, Mission’s new 778X amplifier is so good that it doesn’t need to rely on retro appeal

AAP

ASX skyrockets as economy shows sign of weakness

The ASX200 made its biggest daily gain in more than a year as lower-than-expected GDP growth signals the RBA's rate rises are having their intended effect.

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The Guardian - UK

Strong demand drives profits record at British Airways owner IAG

Group says it will use third-quarter earnings of £1.52bn to invest in the business and reduce its debt

The Independent UK

British Airways made £50 per second profit during first nine months of 2023

BA parent company IAG warns of possible problems with air-traffic control and airports’ resilience, despite £1.15bn profit

Evening Standard

British Airways owner IAG in record third quarter despite £44 million hit from ‘higher disruption’

IAG said that leisure demand was “very strong”, but business travel has been slower to recover

The Independent UK

IAG profits up 56% due to ‘strong demand across all routes’

The business said pre-tax profit rose from just over one billion euros in the third quarter of last year to 1.6 billion euros.

The Independent UK

British Airways parent IAG sees record profits from higher fares despite IT meltdowns

Airline boss admits ‘some of our operations are not where we would want them to be’

The Guardian - UK

British Airways owner announces record profits for first half of 2023

IAG expects flight capacity to recover to pre-pandemic levels by the end of the year, with fares up almost 10%

Evening Standard

BA owner on watch for threats to summer getaways as profits soar

IAG prioritises operational resilience” with holiday travel in full swing

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