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International Airlines Information
Share Price Information for International Airlines (IAG)
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Share Price:
183.40
Bid:
183.30
Ask:
183.40
Change:
0.60 (0.33%)
Spread:
0.10 (0.055%)
Open:
184.45
High:
186.00
Low:
182.30
Prev. Close:
182.80
Last checked at -
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Wed, 07th Oct 2015 10:24
(ShareCast News) - European airline stocks fell sharply on Wednesday, dragged lower by rising oil prices and a downgrade by Credit Suisse."We can see the close correlation between airlines and the oil price, with much of their recent outperformance resulting from the renewed weakness in the oil price," said Credit Suisse, as it cut its stance on European airlines to 'benchmark' from 'overweight'.Beyond lower fuel costs, CS said the fall in the oil price has also benefitted airlines through the boost it has given to consumer incomes. It said this was particularly true for budget airlines, which are predominantly consumer plays, as opposed to the flag-carriers where up to half of revenue is corporate-related.Still, the bank said that if oil prices were to stabilise or stage a modest recovery, one of the most significant tailwinds airlines have recently enjoyed would fade away. In addition, it argued that there are some signs that capital discipline is deteriorating: capex to sales has increased and historically a low oil price has been associated with an increase in competition, it said.It said that while valuations are still attractive on 12-month forward P/E relatives and earnings momentum is positive, the latter is at levels where it has historically rolled over, with earnings revisions boosted by the falling oil price."On top of that, the sector is overbought," it added.Oil prices surged on Tuesday after the Organisation of Petroleum Exporting Countries forecast big cuts to oil investments that are expected to slow production and reduce global crude supplies. In addition, the Energy Information Administration estimated that crude production in September was down 120,000 barrels a day from August and said output is likely to continue to decline through next August.At 1030 BST, Air France-KLM shares were 4.8% lower at €5.82, Easyjet was 4.4% weaker at 1,683p, IAG shares were down 4.1% at 563.50p, Ryanair shares off 3% at €12.81, and Deutsche Lufthansa was 2.6% weaker at €13.08.
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6 Jul 2023 12:05
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UK shareholder meetings calendar - next 7 days
| Thursday 8 June | |
| Ashtead Technology Holdings PLC | AGM |
| Camellia PLC | AGM |
| Checkit PLC | AGM |
| Churchill China PLC | AGM |
| CRH PLC | Court Meeting and EGM re proposal to transfer the company's primary listing to NYSE |
| Downing Renewables & Infrastructure Trust PLC | AGM |
| Fair Oaks Income Ltd | AGM |
| Fusion Antibodies PLC | GM re result of retail offer |
| Genflow Biosciences PLC | AGM |
| Glenveagh Properties PLC | AGM |
| Invesco Perpetual UK Smaller Companies Investment Trust PLC | AGM |
| Kavango Resources PLC | AGM |
| Kosmos Energy Ltd | AGM |
| Melrose Industries PLC | AGM |
| North American Income Trust PLC | AGM |
| Oriole Resources PLC | AGM |
| Panther Metals PLC | AGM |
| REA Holdings PLC | AGM |
| Renalytix PLC | GM re director's authorization to allot new shares and equity securities for cash |
| Vaalco Energy Inc | AGM |
| Friday 9 June | |
| Arecor Therapeutics PLC | AGM |
| Devolver Digital Inc | AGM |
| Fulham Shore PLC | GM and court meeting re takeover by Torridoll Holdings Corp |
| Hochschild Mining PLC | AGM |
| Mirada PLC | GM re cancellation and re-registration as PLC |
| MP Evans Group PLC | AGM |
| S4 Capital PLC | AGM |
| Sureserve Group PLC | Court Meeting and GM re acquisition by CAP10 |
| Monday 12 June | |
| Brighton Pier Group PLC | AGM |
| Learning Technologies Group PLC | AGM |
| Oxford Nanopore Technologies PLC | AGM |
| Pembridge Resources PLC | GM and Creditors' Meeting re future plans and objectives |
| Round Hill Music Royalty Fund Ltd | AGM |
| Staffline Group PLC | AGM |
| VPC Specialty Lending Investments PLC | GM re investment policy |
| Tuesday 13 June | |
| Animalcare Group PLC | AGM |
| Asiamet Resources Ltd | AGM |
| Centrica PLC | AGM |
| Dillistone Group PLC | AGM |
| EJF Investments Ltd | AGM |
| Elixirr International PLC | AGM |
| Flowtech Fluidpower PLC | AGM |
| Frenkel Topping Group PLC | AGM |
| Great Western Mining Corp PLC | AGM |
| Newbury Racecourse PLC | AGM |
| Plant Health Care PLC | AGM |
| Pressure Technologies PLC | GM re delay to the publication of the FY22 Annual Report and directors' remuneration |
| Pod Point Group Holdings PLC | AGM |
| Sound Energy PLC | AGM |
| Zinnwald Lithium PLC | AGM |
| Wednesday 14 June | |
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| abrdn Smaller Companies Income Trust PLC | AGM |
| Andrews Sykes Group PLC | AGM |
| Aquila Energy Efficiency Trust PLC | AGM |
| Aurrigo International PLC | AGM |
| Brave Bison Group PLC | AGM |
| Christie Group PLC | AGM |
| Foresight Solar Fund Ltd | AGM |
| IGas Energy PLC | AGM |
| International Consolidated Airlines Group SA | AGM |
| Iofina PLC | AGM |
| James Fisher & Sons PLC | AGM |
| Liberty Global PLC | AGM |
| M&C Saatchi PLC | AGM |
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