International Consolidated Airlines Group stated (11-Jan-2011) it is anticipated that trading in British Airways ordinary shares will be suspended with effect from 07:30 (London time) on 21-Jan-2011 and that IAG shares will be admitted to the official list by the UK Listing Authority and to trading by the London Stock Exchange and the Madrid, Barcelona, Bilbao and Valencia stock exchanges, effective 08:00 (London time) on 24-Jan-2011. The suspension and relisting relates to the merger between British Airways and Iberia. [more]
British Airways shares likely to be suspended on 21-Jan-2011
You may also be interested in the following articles...
Asia-Europe slowest-growing major market but dynamic: AF-KLM and SIA shrink as oneworld, China grow
Asia-Europe, which is one of IATA's big four international markets, has become the slowest-growing. The market underwent RPK expansion of only 1.5% in Jul-2016, the latest data available. Uncertainty in Europe and terrorism fears mean that some Asian travellers choose Australia and North America or, as IATA has flagged – travel within Asia, which has expanded by nearly double digits.
Although market expansion was slow in the first part of 2016, so too was capacity. Yet this changed in Jul-2016 as capacity increased more quickly, perhaps as airlines expected a stronger summer. Despite slow passenger growth, dynamics are highly varied – except for yield declines. The combined RPK growth of IAG (7.2%) Cathay Pacific (3.7%) and Finnair (8.7%) was not enough to offset the contraction of the largest airline in the market, AF-KLM (7.9%).
From the reported geographic data by all major airlines, load factors are falling.
British Airways-Qatar Airways form Europe's first Gulf airline JV, showing some oneworld flexibility
British Airways and Qatar Airways are to commence a revenue-sharing joint venture from 30-Oct-2016. Even before Qatar Airways took 20% of the equity of BA parent group IAG, the JV was expected – and perhaps due earlier. The agreement includes the UK, continental Europe, Asia, Middle East and Africa – essentially all regions but the Americas. Some specifics and regulatory matters are to be worked through, and Iberia is excluded but presumably will be added.
oneworld has always been a flexible congregation of bilateral relationships, but nowhere has this been better exemplified than with Qatar Airways' membership of oneworld and eg Qantas' deep partnership with Emirates. The BA-QR JV is the first between a European airline and a Gulf airline. Compared to AF-KLM and Lufthansa, BA/IAG have been more open towards Gulf airlines, a result of management but also pragmatism: BA's hub at London Heathrow is capacity constrained and BA typically carries a majority of O&D passengers.