IAG remains on the sidelines of the latest airline consolidation in Europe
After Lufthansa's purchase of TAP, experts bet that Iberia's parent company will participate in consolidating the sector with organic growth.
Lufthansa has acquired TAP, a Portuguese airline, for €1.025 million for a 44.9% stake, with talks underway to purchase an additional 50.1% for €1.351 million. This comes after Lufthansa entered the shareholding of ITA, the heir to Alitalia, and as part of a broader consolidation in the European airline industry. IAG, which includes Iberia, Vueling, and British Airways, reported a profit of €1.033 million in the first half and a net debt of €4.692 million, while Lufthansa posted a loss of €542 million and a net debt of €6.697 million. Meanwhile, Apollo has launched a £5.700 million takeover bid for easyJet.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
