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☆ Airlines report soaring profits amid travel demands
▼ + stars: | 2023-07-28 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

CNN —International airlines have reported significant profits this year, boosted by strong demand for leisure travel – and events, such as the World Cup, which gave Qatar Airlines an enormous lift. On Thursday, International Airlines Group, which includes Aer Lingus and British Airways, announced a record profit of about $1.4 billion for the first half of the year. “Customer demand remains strong across the Group, particularly for leisure travel, with around 80% of passenger revenue for the third quarter already booked. Qatar Airways reported a $1.2 billion profit for the past fiscal year, ascribing its strong performance to December’s FIFA World Cup. In its report, Qatar Airways said that, throughout the 2022 World Cup, the company operated around 140,000 flights to bring more than 1.4 million people to Qatar.

Persons: Luis Gallego, Benjamin Smith, Akbar Al Baker, Michael O’Leary, – CNN’s Mostafa Salem, Pierre Meilhan Organizations: CNN — International, Qatar, International Airlines Group, Aer Lingus, British Airways, KLM Group, Amsterdam Schiphol Airport, Olympic, Paralympic Games, Air, Qatar Airways, KLM, FIFA, Ryanair, Europe’s Locations: AirFrance, Amsterdam, France, Air France, Qatar

☆ IAG agrees to buy 80% stake in Air Europa for 400 mln euros
▼ + stars: | 2023-02-23 | by ( Charlie Devereux | ) www.reuters.com time to read: +2 min

Air Europa, which will maintain its brand but will be managed by Iberia, owns 50 planes and has a further 15 on order, the company said. It said the first 200 million euros will be paid once the deal gets the go-ahead from antitrust authorities. Another 100 million euros will be paid in IAG shares while the final 100 million euros will be paid in cash. As the pandemic tipped the airline industry into crisis, hitting Air Europa particularly hard, shareholders in both companies agreed to cut the deal's price tag to 500 million euros. Negotiations had all but ground to a halt until March 2022 when IAG agreed to grant Air Europa a 100 million-euro loan convertible into a 20% stake.

British Airways is onboard with Bilt Rewards as its 10th airline transfer partner. Now there's another reason to consider joining Bilt Rewards and opening the Bilt Mastercard® — it's just added British Airways Executive Club as its 10th airline transfer partner. The addition of these partners makes Bilt Rewards points even more flexible if you want to use them for travel. With the addition of British Airways, Aer Lingus, and Iberia, Bilt Rewards now has 14 airline and hotel partners:Why transfer Bilt Rewards points to Avios? You'll typically get the most from Bilt points by transferring them to airline and hotel partners for award travel — in fact, that's why Insider values Bilt points as worth 1.65 cents each, on average.

☆ 10 oldest airlines in the world
▼ + stars: | 2019-03-04 | by ( Miquel Ros | ) edition.cnn.com time to read: +12 min

Here are 10 of the oldest airlines in the world still in operation. Pan American World Airways subsequently acquired a controlling stake in the company. Qantas was nationalized by the Australian government after World War II and reprivatized in the ’90s. After World War II, Aeroflot became the largest airline in the world, as air travel was often the only means of transportation available to bridge the vast expanses of the Soviet Union. Czech Airlines (CSA)Czech Airlines, the national airline of the Czech Republic.

Persons: Avianca, JUAN MABROMATA, SCADTA, Stanislav Sergeev, MICHAL CIZEK, Finnair, DANIEL SLIM, ANDREJ ISAKOVIC, Jat, Jasper Juinen, Dan Kitwood Organizations: CNN, Finnair, Czech Airlines, KLM, Passengers, Dutch, Havilland DH, Croydon Airport, Junkers F13, Pan American World Airways, SCADTA, Servicio, Qantas, Northern Territory Aerial Services, Avro, Aeroflot Aeroflot, Junkers, Aeroflot, Concorde, Communist, BOAC, CSA, Eastern Bloc, Prague City Air, DC, Delta Air Lines, AFP, Delta, Pan, Northwest Airlines, Air Serbia Air Serbia, Aeroput, Jat Airways, Etihad, Air Serbia, British Airways, Qatar Airways, International Airlines Group, British Airways British Airways, British Overseas Airways Corporation, British European Airways, Cambrian Airways, Northeast Airlines Locations: Finnish, Czech, Amsterdam, Batavia, Jakarta, New York, Colombia, AFP, Barranquilla, Germany, Colombian, SACO, Latin America, Australia, Queensland, Northern Australia, Asia, Pacific, Soviet, Moscow, Nizhny Novgorod, Russian, Soviet Union, Cuba, Murmansk, Russia, Czech Republic, Czechoslovakia, CSA, Prague, Americas, Africa, East, West Germany, Finland, Tokyo, Europe, China, East Coast, Middle, Serbia, Yugoslavia, Serbian, Air, Iberia, Madrid, Barcelona, South America, London, Paris, Devonshire

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