The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 170.55
Bid: 170.25
Ask: 170.35
Change: -1.85 (-1.07%)
Spread: 0.10 (0.059%)
Open: 172.80
High: 173.75
Low: 170.30
Prev. Close: 172.40
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain tells airlines to stop selling flights they can't deliver

Wed, 01st Jun 2022 08:46

LONDON, June 1 (Reuters) - Britain's Transport Secretary Grant Shapps has told airlines to stop selling tickets for flights they cannot staff after a spate of airline cancellations caused widespread disruption for holidaymakers.

Airports across Europe have struggled to cope with the rebound in demand but British airports are facing a particularly difficult week as a school half-term holiday combines with a long Jubilee public holiday weekend.

Airports faced similar queues over the Easter vacation, and Shapps said that while some steps had been taken, there had not been the progress that is needed.

"We need to make sure there is no repeat of the scenes witnessed over the last few days. Despite government warnings, operators seriously oversold flights and holidays relative to their capacity to deliver," Shapps said.

"This must not happen again and all efforts should be directed at there being no repeat of this over the summer."

Airlines had hoped for a bumper summer for passengers after two years of COVID-19 travel restrictions.

But they have struggled to recruit staff after the turmoil of the pandemic, and complained that it is taking longer to recruit new employees and vet them for security clearance.

Shapps said that the government had helped the industry by changing the law to speed up the recruitment of staff, adding that he would meet industry officials to get answers on what had gone wrong and how the current disruption can end.

"I also want to be reassured on their plans for the upcoming summer holidays," he said.

"Government has done its part. It is now on airports, airlines and ground handlers to make sure everyone’s well deserved holidays can go ahead free from the major disruption we've seen in recent days." (Reporting by Alistair Smout; Editing by Kate Holton)

More News
2 Jun 2023 05:55

IAG's British Airways fined USD1.1 million in US over Covid refunds

(Alliance News) - International Consolidated Airlines Group SA's British Airways has been fined almost GBP1 million by the US government over claims it failed to pay refunds for cancelled flights.

Read more
26 May 2023 07:57

LONDON BRIEFING: UK retail sales up; Hunt "comfortable" with recession

(Alliance News) - Stocks in London are expected to kick off the final trading day of a fraught week with a minor gain, though US debt ceiling uncertainty continues to temper sentiment.

Read more
26 May 2023 07:00

Soaring airline customer complaints push global legislators to act

LONDON/MONTREAL, May 26 (Reuters) - Nikoleta Dodova is among a growing number of dissatisfied airline customers. Having bought her mother and niece airline tickets from Sweden to Macedonia last year, their flight was cancelled and they ended up at an airport over two hours away. She is still waiting for compensation.

Read more
26 May 2023 06:01

IT issue causes mass cancellation of British Airways Heathrow flights

(Alliance News) - International Consolidated Airlines PLC's British Airways has apologised after an IT issue caused the cancellations of domestic and European flights on Thursday, as Britain heads into the Bank Holiday weekend.

Read more
19 May 2023 09:34

Dublin Airport to lower charges for more fuel-efficient airlines

DUBLIN, May 19 (Reuters) - Dublin Airport plans to cut runway charges by 25% for airlines that operate planes with lower emissions, the Dublin Airport Authority (DAA) said on Friday.

Read more
18 May 2023 08:10

UK's easyJet confident as summer demand ramps up

Sees Q3 revenue per seat up 20% on last year

*

Read more
11 May 2023 09:45

LONDON BROKER RATINGS: Asos targets cut; Jefferies ups Diploma to buy

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
10 May 2023 11:20

UK's Virgin Atlantic says bumper bookings eclipsed by rising costs

2022 revenue 2.9 bln stg, 98% of 2019 levels

*

Read more
9 May 2023 17:27

UK stocks slide ahead of U.S. inflation data, BoE meet

IAG closes at over a two-month high

*

Read more
9 May 2023 13:45

Liberum reiterates 'buy' on IAG, lifts price target

(Sharecast News) - Liberum reiterated its 'buy' recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

Read more
9 May 2023 07:52

Broker tips: IAG, Intertek

(Sharecast News) - Liberum reiterated its 'buy' recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

Read more
5 May 2023 17:03

LONDON MARKET CLOSE: Surprise US jobs report lifts market mood

(Alliance News) - Stocks in London were higher at the close on Friday, ahead of a long bank holiday weekend, as the latest US jobs report made a recession across the Atlantic appear less likely.

Read more
5 May 2023 12:08

LONDON MARKET MIDDAY: Stocks pare weekly losses ahead of US nonfarms

(Alliance News) - Stock prices in London were higher at midday on Friday, a better end to a nervy week for equities, with investors digesting central bank decisions and an ongoing crisis in the US regional banking sector.

Read more
5 May 2023 09:42

European airlines see strong summer bookings, hope to avert chaos

IAG first-quarter results better than expected

*

Read more
5 May 2023 09:10

TOP NEWS: IAG loss narrows, revenue up as capacity recovers from Covid

(Alliance News) - International Consolidated Airlines Group SA on Friday reported its first quarter narrowed alongside strong revenue as Iberia delivered its "best ever" quarterly performance, while noting capacity recovering towards pre-pandemic levels.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.