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Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
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Share Price: 181.20
Bid: 181.95
Ask: 182.10
Change: -1.60 (-0.88%)
Spread: 0.15 (0.082%)
Open: 184.45
High: 186.00
Low: 181.20
Prev. Close: 182.80
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Britain's airlines say extra support needed if travel stays shut

Thu, 10th Jun 2021 00:01

LONDON, June 10 (Reuters) - Airlines based in Britain have
told the government they will need industry-specific support to
help them survive if COVID-19 rules continue to keep travel
markets shut.

Companies including British Airways, easyJet
and Ryanair are in a deepening crisis after
Britain's plans to restart travel on May 17 following a 4-1/2
month ban on foreign holidays fell far short of their hopes.

Britons are still discouraged from travelling to most
countries, and since the May reopening, the government has
tightened the rules, removing one of the few destinations that
was open, Portugal, from a safe travel list.

As July and August approach, the months when airlines make
most of their profits, there are worries the summer season may
be lost for a second year in a row, risking airline viability
and jobs.

"If a meaningful reopening is not possible during the summer
... then targeted economic support will be essential to ensure
UK airlines are able to reach the point when a restart is
possible, in order to protect many tens of thousands of jobs,"
industry lobby Airlines UK said in a letter to finance minister
Rishi Sunak on Thursday.

Come the end of September, government support schemes to
protect jobs are also due to end, a worry for airlines that
might still be grounded due to foreign travel restrictions.

Airlines UK said it wanted Sunak to extend furlough for
aviation workers to the end of April 2022, give airlines longer
to repay COVID-19 government loans, and launch a "restart grant"
scheme to help airlines pay to maintain planes they cannot use.

In the letter, the airlines said their preference would be
for travel to restart and be unrestricted for vaccinated people.
But recent government policy and comments suggest this is
unlikely.

That puts UK airlines at a disadvantage to peers in Europe,
as countries there begin to allow more travel, while Britain
sticks with its 10 day quarantine and testing requirements.
(Reporting by Sarah Young
Editing by Mark Potter)

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IAG in talks to address Air Europa bid concerns

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TOP NEWS: Upbeat IAG buoyed by continued high demand for travel

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owner IAG projects strong summer after solid first quarter

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*

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IAG sees strong summer demand as Q1 profits take off

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8 May 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 hits record again ahead of BoE call

(Alliance News) - Stock prices in London were up at midday on Wednesday, with IAG and Informa leading FTSE 100 gains.

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Airbus says deliveries up 13% in April, reaffirms A350F timeline

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Airbus deliveries rose 13% in April

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3 May 2024 13:37

UK earnings, trading statements calendar - next 7 days

Monday 6 May 
no events scheduled 
Tuesday 7 May 
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BP PLCQ1 Results
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IWG PLCTrading Statement
Kosmos Energy LtdQ1 Results
MaxCyte IncQ1 Results
Trident Royalties PLCTrading Statement
Vaalco Energy IncQ1 Results
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John Wood Group PLCTrading Statement
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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