focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 176.95
Bid: 176.75
Ask: 176.85
Change: -5.10 (-2.80%)
Spread: 0.10 (0.057%)
Open: 182.45
High: 182.80
Low: 176.70
Prev. Close: 182.05
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EasyJet averts cabin crew strike in France as it clinches deal with unions

Tue, 06th Dec 2022 17:51

PARIS, Dec 6 (Reuters) - EasyJet on Tuesday averted a French cabin crew strike over the Christmas holidays after it agreed to raise base pay by 7.5% while paying an additional 3,000 euro ($3,152) bonus to staffers.

The concession highlights the continued pressure on easyJet and airlines to agree better terms and wages to retain staff and avert more labour strife after months of disruption since the end of COVID-19 lockdowns.

"For us this is a good deal to sign so we won't call for a strike this time around," a representative for the SNPNC union told Reuters via text message.

Tuesday's deal is one of the more generous for airlines in the region in recent months. It's not clear if it could set a precedent for rival carriers keen to keep staff as energy and food bills soar and inflation hits decade highs.

In November, German German carrier Lufthansa agreed to a two-stage raise for next year, with 250 euros more basic pay from Jan. 1, and 2.5% more basic pay from July 1.

British Airways in the summer accepted a new pay offer for staff at Heathrow airport which included a consolidated pay rise of 8%, a one-off bonus and the reinstatement of shift pay.

It lands on the heels of a major victory for Delta pilots agreed last week, with the airline offering a 34% cumulative pay increase over three years.

"easyJet is pleased to confirm that we have completed constructive discussions with trade unions, SNPNC and UNAC. We continue to be committed to working collaboratively with the unions to ensure the long term success of easyJet in France," an easyJet spokesperson told Reuters in an emailed statement.

CHRISTMAS STRIKES

Europe is bracing for strikes affecting airlines ahead of its busiest Christmas travel season in three years as it recovers from the COVID-19 pandemic.

Air France's unionized workers have given notice to strike from Dec. 22 to Jan. 2, while Britain's Border Force is also expected to strike, potentially disrupting transit times and causing long queues at airports.

Heathrow airport's baggage handlers employed by Menzies have also said they would strike in mid-December.

EasyJet's French workers had asked for a raise of at least 8% to compensate for rising inflation as well as a hike in the cost of their healthcare premium, an SNPNC union representative said. French inflation for November hit 7.1%.

EasyJet instead had initially offered a pay increase pegged to average inflation, clarifying that the increased salary offer on fixed remuneration was above 6.2%.

EasyJet employs over 1,800 staff in France under local contracts including over 1,000 cabin crew. Only a proportion of flights crossing through France are operated by French-based crew, a spokesperson said.

More News
3 Aug 2023 11:43

Holiday travel boom here to stay, says Lufthansa

BERLIN, Aug 3 (Reuters) - The boom in holiday travel shows no signs of ending, German airline group Lufthansa said on Thursday, as advance bookings for this winter and next year were already a double-digit percentage above the year-earlier level.

Read more
3 Aug 2023 10:25

Lufthansa bolstered by leisure travel demand, but costs bite

Lufthansa sees 2023 adj EBIT at more than 2.6 bln euros

*

Read more
3 Aug 2023 09:31

LONDON BROKER RATINGS: Berenberg raises Hochschild Mining to 'buy'

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

Read more
3 Aug 2023 06:01

Sluggish return of business travelers forces US airlines to rejig their networks

CHICAGO, Aug 3 (Reuters) - U.S. airlines are enjoying strong leisure travel demand, but corporate travelers are still not back in full force, compelling airlines to restructure their networks to account for fewer people flying for business purposes.

Read more
1 Aug 2023 09:24

LONDON BROKER RATINGS: JPMorgan cuts L&G, St James's price target

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

Read more
31 Jul 2023 17:27

UK's FTSE 100 ends marginally higher, notches monthly gains

Beverages down on Heineken's outlook

*

Read more
31 Jul 2023 16:56

LONDON MARKET CLOSE: FTSE 100 inches higher as BoE moves into focus

(Alliance News) - European equities closed slightly higher on Monday, supported by favourable eurozone data and the hope of more stimulus in China, after an underwhelming factory reading there.

Read more
31 Jul 2023 14:57

BofA Merrill Lynch lifts IAG price target, reiterates 'buy'

(Sharecast News) - Bank of America Merrill Lynch lifted its price target on BA and Iberia owner IAG on Monday to 260p from 240p and reiterated its 'buy' rating on the shares after results last week.

Read more
31 Jul 2023 14:45

Broker tips: IAG, Babcock

(Sharecast News) - Bank of America Merrill Lynch lifted its price target on BA and Iberia owner IAG on Monday to 260p from 240p and reiterated its 'buy' rating on the shares after results last week.

Read more
31 Jul 2023 12:06

LONDON MARKET MIDDAY: Europe rises but FTSE 100 underperforms

(Alliance News) - Stock prices in London were lower at midday on Monday, though European peers were on the rise, following favourable eurozone economic data.

Read more
31 Jul 2023 09:16

LONDON BROKER RATINGS: Oddo BHF raises IAG to 'outperform'

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

Read more
28 Jul 2023 17:44

UK's FTSE 100 ends flat as BOJ sparks rate worries, higher on the week

AstraZeneca boosts pharma index to one-month high

*

Read more
28 Jul 2023 16:58

LONDON MARKET CLOSE: FTSE 100 flat as DAX surges to record high

(Alliance News) - London's FTSE 100 tread water on Friday, after a trio of central bank decisions, and as focus turns to the Bank of England next week and the US jobs report.

Read more
28 Jul 2023 12:34

Air France-KLM's rising costs overshadow profit beat

Q2 operating profit 733 mln euros vs forecast 663 mln

*

Read more
28 Jul 2023 11:47

LONDON MARKET MIDDAY: FTSE 100 treads water on blue chip earnings

(Alliance News) - Stock prices in London were mixed at midday on Friday, after a busy week of earnings comes to an end.

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.