Financial Analysis of International Airlines
British Airways is now owned by a holding company called International Airlines Group that also owns Iberia in Spain with the merger expected to receive formal approval in the very near future. At present, International Airlines Group (IAG) provides international and domestic air passenger and cargo transportation services. The company and its subsidiaries provide air services throughout Europe, North and South Americas, Africa, Asia, Australia and the Middle East. The global aviation industry, though, continues to struggle with skyrocketing fuel costs, collective bargaining negotiations and cut-throat competition from regional carriers that can make profitable operations a challenge enterprise for larger carriers in particular. In this environment, providing financial analysis benchmarks for major carriers such as the still emerging IAG represents a timely and valuable enterprise, which is the problem considered by this study