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: 174.25
Bid: 174.10
Ask: 174.20
Change: -0.95 (-0.54%)
Spread: 0.10 (0.057%)
Open: 176.15
High: 177.00
Low: 172.80
Prev. Close: 175.20
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
26 Jun 2023 10:49

IAG says interest in Portugal's TAP depends on privatisation conditions

MADRID, June 26 (Reuters) - Portugal's state-owned airline TAP could be an acquisition opportunity for the Iberia and British Airways owner IAG, depending on conditions, IAG Chief Executive Officer Luis Gallego said on Monday.

Read more
19 Jun 2023 14:29

IN BRIEF: Britvic confirms September 4 start date for new CFO Napier

Britvic PLC - Hemel Hempstead, England-based drinks company - Confirms September 4 as start date for incoming chief financial officer Rebecca Napier. Since 2019, Napier is the CFO of International Consolidated Airlines Group SA's subsidiary British Airways.

Read more
12 Jun 2023 11:16

Ryanair eyes slots IAG may hand over as remedies in Air Europa purchase -report

MADRID, June 12 (Reuters) - Irish airline Ryanair is keen to buy the slots International Consolidated Airlines Group may be forced to dispose to get its planned acquisition of Air Europa approved by the European antitrust regulator, Cinco Dias newspaper reported on Monday.

Read more
12 Jun 2023 08:25

Heathrow airport expects no cancellations due to summer strikes

(Alliance News) - Strikes by security guards at Heathrow are unlikely to cause flight cancellations, the airport's boss said.

Read more
7 Jun 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Invesco Perpetual UK Smaller Companies Investment Trust PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
Friday 9 June 
Arecor Therapeutics PLCAGM
Devolver Digital IncAGM
Fulham Shore PLCGM and court meeting re takeover by Torridoll Holdings Corp
Hochschild Mining PLCAGM
Mirada PLCGM re cancellation and re-registration as PLC
MP Evans Group PLCAGM
S4 Capital PLCAGM
Sureserve Group PLCCourt Meeting and GM re acquisition by CAP10 
Monday 12 June 
Brighton Pier Group PLCAGM
Learning Technologies Group PLCAGM
Oxford Nanopore Technologies PLCAGM
Pembridge Resources PLCGM and Creditors' Meeting re future plans and objectives
Round Hill Music Royalty Fund LtdAGM
Staffline Group PLCAGM
VPC Specialty Lending Investments PLCGM re investment policy
Tuesday 13 June 
Animalcare Group PLCAGM
Asiamet Resources LtdAGM
Centrica PLCAGM
Dillistone Group PLCAGM
EJF Investments LtdAGM
Elixirr International PLCAGM
Flowtech Fluidpower PLCAGM
Frenkel Topping Group PLCAGM
Great Western Mining Corp PLCAGM
Newbury Racecourse PLCAGM
Plant Health Care PLCAGM
Pressure Technologies PLCGM re delay to the publication of the FY22 Annual Report and directors' remuneration
Pod Point Group Holdings PLCAGM
Sound Energy PLCAGM
Zinnwald Lithium PLCAGM
Wednesday 14 June 
abrdn Property Income Trust LtdAGM
abrdn Smaller Companies Income Trust PLCAGM
Andrews Sykes Group PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurrigo International PLCAGM
Brave Bison Group PLCAGM
Christie Group PLCAGM
Foresight Solar Fund LtdAGM
IGas Energy PLCAGM
International Consolidated Airlines Group SAAGM
Iofina PLCAGM
James Fisher & Sons PLCAGM
Liberty Global PLCAGM
M&C Saatchi PLCAGM
Petards Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
7 Jun 2023 09:42

LONDON BROKER RATINGS: Goldman cuts Croda to neutral; Davy likes Wise

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

Read more
7 Jun 2023 07:52

LONDON BRIEFING: UK house prices fall; Diageo CEO Ivan Menezes dies

(Alliance News) - Stocks in London are called to open flat on Wednesday, as Chinese trade data raised concerns about a global economic slowdown.

Read more
7 Jun 2023 06:44

Cybercrime gang gives BBC, British Airways, Boots ultimatum after hack

(Alliance News) - A cybercrime gang that is thought to be based in Russia has warned more than 100,000 staff at major British companies to email them before June 14 or stolen data will be published.

Read more
6 Jun 2023 07:49

LONDON BRIEFING: BAT's 'glo' doesn't; ABF buys National Milk Records

(Alliance News) - Stocks in London are expected to drift lower at Tuesday's open, after a weak close on Wall Street.

Read more
6 Jun 2023 00:06

BA, BBC and Boots caught up in file transfer hack

LONDON, June 5 (Reuters) - Tens of thousands of employees of British Airways, the UK drugstore chain Boots and Britain's BBC were among those whose personal data was exposed following a wide-ranging breach centred on a popular file transfer tool, the organizations confirmed on Monday.

Read more
5 Jun 2023 20:16

Ransom-seeking hackers claim breaches centered around file transfer software

WASHINGTON, June 5 (Reuters) - The ransomware group Cl0p has confirmed that is responsible for a spate of breaches centered around the MOVEit file transfer software.

Read more
5 Jun 2023 17:59

PRESS: IAG and Walgreens Boots hit by cyber attack - Sky News

(Alliance News) - Sky News on Monday reported that a trio of companies have been hit by a cyber attack that has exposed employee personal data, including bank and contact details, to hackers.

Read more
5 Jun 2023 13:35

British Airways resumes Heathrow-Beijing flights after three years

(Alliance News) - International Consolidated Airlines Group SA's British Airways has operated its first passenger flight between London Heathrow and Beijing in more than three years after suspending the route due to the coronavirus pandemic.

Read more
2 Jun 2023 13:29

Lufthansa-ITA-Deal heizt Konsolidierungsfantasien an

Analysten sagen weitere Übernahmen voraus

*

Read more
2 Jun 2023 07:59

LONDON BRIEFING: Shares up on US debt deal vote; Dechra backs takeover

(Alliance News) - Stocks in London were called to open higher on Friday, after trading in Asia rallied on news the US Senate passed a debt ceiling bill to avoid a US default.

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.