Strikes prompt IAG's Iberia to cancel flights
Iberia, the Spanish airline operated by International Airlines Group, has revealed that it will cancel hundreds of flights scheduled for next weekend due to industrial action.
Iberia, the Spanish airline operated by International Airlines Group, has revealed that it will cancel hundreds of flights scheduled for next weekend due to industrial action.
Some 250 flights scheduled for April 13th and 16th will be called off due to the strike organised by pilot labour union SEPLA.
The company will announce the remaining flights to be affected at a later date.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Iberia has signed customer protection agreements with other airlines in order to relocate passengers.
SEPLA has convoked strikes for every Monday and Friday from April 9th to June 20th because it opposes the creation of low-cost airline Iberia Express, which has recently begun operating.
By 11:48 in London, shares were down 1.76% at 178.2p.
M.G.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Steve Webb: The triple lock is there to do a job. I’m not embarrassed or ashamed of itThe triple lock means 13 million pensioners will now get an above-inflation state pension boost in April. While the rising cost of the policy has stirred controversy, Steve Webb, who served as pensions minister when it was introduced, argues the triple lock is vital and should stay. Webb speaks to Kalpana Fitzpatrick on the new episode of MoneyWeek Talks – out now.
-
How retirement pots risk running out 11 years early if inflation remains highPension savers could find their retirement income may not last as long as they anticipated over fears that inflation may not slow down
