The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has 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: 184.10
Bid: 184.45
Ask: 184.55
Change: -2.35 (-1.26%)
Spread: 0.10 (0.054%)
Open: 186.85
High: 187.45
Low: 184.10
Prev. Close: 186.45
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

British Airways makes progress with job cuts

Fri, 07th Aug 2020 09:06

LONDON, Aug 7 (Reuters) - British Airways said on Friday it
was making progress with its plan to cut 12,000 jobs to help it
shrink as a result of the pandemic, with more than 6,000
employees deciding to take voluntary redundancy.

The airline, which is owned by IAG, will send out
letters to its remaining staff on Friday to tell them whether
they still have a job or not, and if they do, whether they will
be required to accept a new contract or stay on their old one.

The pandemic has hit air travel hard and British Airways
says demand won't recover for years. It is currently only flying
about 20% of its schedule and burning through 20 million pounds
per day.

"We are having to make difficult decisions and take every
possible action now to protect as many jobs as possible," a
spokesman for BA said.

But trade union Unite, which represents cabin crew, argues
that the airline has gone too far with the cuts it is proposing.

It has accused BA of trying to bring in big pay reductions
for staff that it will keep on and has organised protests
against the airline, tried to drum up political support for its
cause and threatened strike action.

While Unite says the pay cuts are as much as 70%, British
Airways says some cabin crew would receive a pay rise, while
others would see a 20% reduction in basic pay.

British Airways, which had 42,000 staff at the beginning of
the pandemic, has already agreed a jobs deal with pilots union
BALPA for a pay cut of about 20% and some compulsory job cuts
estimated around 270.

The letters being sent out by the airline on Friday to its
cabin crew, engineers, airports staff and others follow a
selection process.

(Reporting by Sarah Young; editing by Emelia Sithole-Matarise)

More News
6 Oct 2023 10:28

Datalex and Aer Lingus ink digital transformation platform deal

(Alliance News) - Datalex PLC on Friday said it will partner with Aer Lingus Ltd to offer the airline a new digital transformation platform.

Read more
5 Oct 2023 12:59

BA nearing long-term pay deal to avert pilots' strike - report

(Sharecast News) - British Airways is reportedly on the of a brink of a long-term pay deal with its pilots aimed at removing the renewed threat of strike action until at least 2027.

Read more
4 Oct 2023 09:52

LONDON BROKER RATINGS: Goldman likes Relx; Jefferies likes Aviva

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

Read more
3 Oct 2023 10:55

Aurrigo inks deal with British Airways parent IAG for aviation tech

(Alliance News) - Aurrigo International PLC on Tuesday said that it has signed a formal partnership agreement with British Airways parent International Consolidated Airlines Group SA for the deployment and demonstration of Aurrigo's autonomous aviation solutions within the UK.

Read more
28 Sep 2023 17:28

IAG, Lufthansa and Air France KLM keen on stake in Portugal's TAP

(Alliance News) - The Portuguese government on Thursday opened the sale of a majority stake in flag carrier TAP, with Deutsche Lufthansa AG quickly expressing interest and other European rivals also expected to be keen. 

Read more
19 Sep 2023 09:46

LONDON BROKER RATINGS: HSBC cuts NatWest; Stifel likes Computacenter

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
12 Sep 2023 05:58

UK govt, British Airways face claim over Kuwait hostage crisis

(Alliance News) - Passengers and crew members of a British Airways flight who were taken hostage in Kuwait in 1990 are intending to take legal action against the British government and the airline, a law firm said Tuesday. 

Read more
8 Sep 2023 09:11

UK competition regulator proposes Heathrow charges are reconsidered

(Alliance News) - The competition regulator has provisionally found that some errors were made in a decision on how much Heathrow Airport can charge airlines.

Read more
8 Sep 2023 07:56

Competition regulator mostly backs lower airline price caps at Heathrow

(Sharecast News) - The UK competition regulator has said that the Civil Aviation Authority (CAA) made some errors in determining the lower price cap that Heathrow should charge airlines, but said that most of its calculations had been correct.

Read more
30 Aug 2023 17:15

FTSE 100 gains for sixth day on homebuilders' boost

Homebuilders up 1.8%

*

Read more
30 Aug 2023 14:29

Airlines count cost of UK traffic control failure

(Alliance News) - The worst disruption to UK air traffic control in almost a decade following a technical fault risks costing carriers around GBP100 million, the head of global airline body IATA estimated Wednesday.

Read more
30 Aug 2023 09:53

UK air traffic control meltdown fault won't happen again - NATS

Head of air traffic control provider says issue fixed

*

Read more
30 Aug 2023 08:21

Britain's air traffic control failure to cost airlines 100 mln stg -IATA head

LONDON, Aug 30 (Reuters) - The cost to airlines from Britain's air traffic control failure on Monday is likely to reach about 100 million pounds ($126 million), Willie Walsh, the head of global airlines group IATA told the BBC on Wednesday. ($1 = 0.7920 pounds) (Reporting by Sarah Young, editing by Elizabeth Piper)

Read more
30 Aug 2023 07:45

UK air traffic control says problem which caused flight cancellations won't happen again

LONDON, Aug 30 (Reuters) - The disruption to flights into and out of Britain caused by a technical failure on Monday will not happen again after changes were made to the system, the head of the country's air traffic control group NATS said.

Read more
29 Aug 2023 21:16

UK air traffic failure set to disrupt flights for days

Around 1,500 flights cancelled on Monday

*

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.