IAG Earnings Please CEO Walsh

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Aug. 1 (Bloomberg) -- Bloomberg’s Kari Lundgren reports on IAG earnings and how the downing of flight MH17 has impacted the airline industry. She speaks on Bloomberg Television’s “On The Move.” (Source: Bloomberg)

Expected something similar here.

Analysts and investors were wondering if we would hear something similar from iag.

I spoke to willie walsh earlier this morning and he sounded pleased with himself over these numbers.

All three units profitable.

Generally, things going very well in spain.

They announced that iberia is getting 18 planes.

Rings are going very well for them, which is a big success.

Let's talk about the overcapacity in the transatlantic market.

Any concerns on that?

This is an area that other airlines have flag.

He said that there might have been a little bit of greediness.

They are being very selective on their routes.

The group as a whole is trimming capacity by about 3%. he was saying that is en route for extra flights going at this point.

On transatlantic, he says it is choosing the right routes.

He wasn't being specific about the new places they were flying.

He said austin has been very successful, san diego, l.a., the load factors on that have been 99%. you have to wonder if that is possible but that is what he is saying.

It has been a rough couple of months for the industry.

A lot of people asking whether this translates as less people getting on planes.

Any comment on mh 17? he to some extent agrees with what tim clark is saying, that there should be more communication between airlines.

He stressed that when it comes to the actual final decision-making, the airline should be making the choice.

They are constantly talking to people.

He said it was a very tragic week last week and says that it was a hit for the entire industry.

Something that hopefully will never happen again.

Thank you very much for joining us this morning.

Always a pleasure.

Some other companies on the move this morning.

This text has been automatically generated. It may not be 100% accurate.


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