British Airways owner warns green charges will ‘kill’ aviation industry and hike fares Aviation The chief executive of British Airways’ parent company has said planned environmental charges on airlines would “kill” the European aviation industry and push up fares. Luis Gallego, the chief executive of International Airlines Group (IAG), has warned the proposed green charges – which are more burdensome for UK carriers – would hike prices for passengers [...]
Soaring fuel costs hit profit at British Airways owner IAG Transport & Infrastructure British Airways owner IAG has taken a hit to its profit due to “very high” jet fuel prices, which industry bosses have warned could force some airlines into collapse next year. The London-listed firm, which also owns airlines Vueling and Aer Lingus, saw its pre-tax profit dip 16 per cent to €3bn in the nine [...]
Heathrow rejects calls to put affordability at heart of third runway debate Aviation Affordability should not be included in the scorecard that the government sets third runway developers, Heathrow’s operations chief has told MPs, rejecting industry concerns that costs could spiral after ministers rubber stamp a design. Helen Elsby, the chief solutions officer at Heathrow Airport Limited, said the project’s frontrunner was “absolutely aligned with the criticality of [...]
Aviation bosses confident Burnham won’t abandon third runway September 30, 2026 The aviation industry is confident that Andy Burnham won’t abandon the government’s flagship expansion of Heathrow, despite the Prime Minister and transport secretary distancing themselves from the megaproject at Labour conference. Several industry figures told City AM that ministers’ refusal to endorse the multibillion-pound third runway development was a sign Burnham had not yet evaluated [...]
Heathrow’s billionaire bidder: I’ll put every penny I have on more third runway delays September 29, 2026 The billionaire hotel tycoon behind a rival bid to develop Heathrow’s third runway has said there is “no way” the proposal put forward by the airport’s owner can be delivered on time, even after the megaproject was delayed by four years. Surinder Arora, whose eponymous property group is spearheading the ‘Heathrow West’ bid to build [...]
As it happened: Stocks reach new record as investors shrug off Iran war fears July 31, 2026 Welcome back to the City AM liveblog. It’s Friday morning and the FTSE 100 has opened into the green, following two consecutive days of record gains for the blue-chip index. London’s blue-chip index was up as high as 0.7 per cent in early trading to 10,971.88p, “The FTSE 100 tested new record highs on Friday morning as [...]
Airlines clash over Heathrow regulation July 16, 2026 Airlines have found themselves at loggerheads over the future of Heathrow, after one American carrier warned against the break-up of the owner’s monopoly even as others double down on calls for a new third runway operator. According to a freshly published consultation document from the Civil Aviation Authority, Delta Air Lines told regulators that a [...]
Flying at Heathrow will cost ‘significantly more’ due to third runway bid June 12, 2026 Heathrow’s bid for a third runway will “significantly” push up the cost of flying from the UK’s biggest airport, a leading aviation expert has warned. The airport’s expansion will “inevitably” push up ticket fares because it is set to be allowed to hike the fees it charges to airports, Alton Aviation’s Ronan Murphy told City [...]
Watchdog rules Heathrow third runway could be built by rival bidder May 15, 2026 Heathrow will lose its decades-old monopoly over building and operating new projects at the airport under new proposals tabled by the aviation watchdog, paving the way for a rival operator to build the third runway and new terminal. As part of a review of the airport’s red tape conducted by the Civil Aviation Authority, the [...]
Heathrow, Gatwick revolt over Labour flight cancellation plans May 12, 2026 Heathrow and Gatwick have urged the government to climb down from plans to allow airlines to scrap flights without notice – a move which could endanger the summer holidays of millions of Brits. The leading airports reportedly wrote to the government to oppose mooted plans to unwind “use it or lose it” rules to allow [...]