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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: 169.05
Bid: 169.70
Ask: 169.80
Change: -2.15 (-1.26%)
Spread: 0.10 (0.059%)
Open: 170.60
High: 171.25
Low: 167.50
Prev. Close: 171.20
IAG Live PriceLast checked at -

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European airline stocks hit by oil prices, Credit Suisse downgrade

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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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.

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29 Nov 2022 07:50

UK airline easyJet says holiday demand holding up

FY headline loss of 178 mln in line with consensus

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27 Nov 2022 21:30

Sunday newspaper round-up: Zero Covid, British Airways, Rolls Royce

(Sharecast News) - Protests against the government's zero-Covid strategy are spreading from Shanghai to other Chinese cities such as Guangzhou, Wuhan and Xi'an. Videos of the protests on social media, including some showing clashes with police and people chanting anti-government slogans, were taken down. In Urumqi, most of the city had been under lockdown for over three months, although lockdowns were lifted in some neighbourhoods on Saturday. China reported 39,506 cases of Covid-9 on Sunday, a record level, but small when compared to the levels recorded at the height of the pandemic in the West. - The Sunday Times

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21 Nov 2022 16:08

Aviation execs worry about demand as post-pandemic honeymoon ends

Virgin CEO says 2023 will be "tough"

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11 Nov 2022 09:16

Halma hires former IAG CFO Steve Gunning as new CFO

(Alliance News) - Halma PLC on Friday said it named Steve Gunning as its chief financial officer, succeeding Marc Ronchetti who will become its chief executive in April.

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8 Nov 2022 23:27

Airbus speeds deliveries, books key Chinese jet order

PARIS, Nov 8 (Reuters) - Airbus deliveries accelerated in October to reach 497 airplanes so far this year, or an underlying total of 495 after excluding two Aeroflot deliveries cancelled due to Western sanctions against Russia, the planemaker said on Tuesday.

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8 Nov 2022 18:24

Airbus speeds deliveries, books key Chinese jet order

PARIS, Nov 8 (Reuters) - Airbus deliveries accelerated in October to reach 497 airplanes so far this year, or an underlying total of 495 after excluding two Aeroflot deliveries cancelled due to Western sanctions against Russia, the planemaker said on Tuesday.

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7 Nov 2022 14:47

Ryanair expects to emerge as Europe's only major low-cost carrier

DUBLIN, Nov 7 (Reuters) - Ryanair on Monday predicted it would eventually become Europe's only major low-cost carrier, with Chief Executive Michael O'Leary claiming a widening gap on costs would make rivals easyJet and Wizz takeover targets.

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7 Nov 2022 13:39

Ryanair expects to emerge as Europe's only major low-cost carrier

DUBLIN, Nov 7 (Reuters) - Ryanair on Monday predicted it would eventually become Europe's only major low-cost carrier, with Chief Executive Michael O'Leary claiming a widening gap on costs would make rivals easyJet and Wizz takeover targets.

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7 Nov 2022 13:29

Ryanair hails 'very strong' recovery with record summer profit

Forecasts 1-1.2 bln eur FY profit

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LONDON BROKER RATINGS: Liberum cuts British Land; Exane cuts Sainsbury

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

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2 Nov 2022 09:32

Wizz Air eyes more growth, sees travel demand holding up

Plans to grow capacity by 35% this winter

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1 Nov 2022 10:09

LONDON BROKER RATINGS: UBS raises Auto Trader; Berenberg likes Next 15

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

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