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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: 176.30
Bid: 176.75
Ask: 176.85
Change: 0.15 (0.09%)
Spread: 0.10 (0.057%)
Open: 177.75
High: 178.70
Low: 174.65
Prev. Close: 176.15
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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28 Aug 2023 20:14

UK air traffic issue fixed but flight disruption to continue

LONDON, Aug 28 (Reuters) - Britain's National Air Traffic Service (NATS) was hit by a technical problem for several hours on Monday, causing widespread disruption to flights in UK airspace that it said would continue for some time even though the issue was fixed.

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28 Aug 2023 19:18

UPDATE: Dozens of flights cancelled after UK air traffic control fault

(Alliance News) - Hundreds of flights to and from the UK are estimated to have been cancelled this bank holiday, leaving passengers stranded, after an air traffic control failure.

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28 Aug 2023 13:42

Airlines warn of delays as UK airspace hit by technical fault

(Alliance News) - Air passengers have been warned they face delays after UK air traffic control systems were hit by a technical fault.

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28 Aug 2023 13:09

UK airspace hit by technical fault - National Air Traffic Services

(Alliance News) - UK airspace has been hit by a technical fault, the country's leading provider of air traffic control services said.

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9 Aug 2023 15:32

Rising prices for travel yet to curb wanderlust

LONDON/CHICAGO/NEW YORK, Aug 9 (Reuters) - The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.

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9 Aug 2023 12:37

Rising prices for travel do not appear to be curbing wanderlust

LONDON/CHICAGO/NEW YORK, Aug 9 (Reuters) - The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.

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9 Aug 2023 10:09

Irish court pauses order for Dublin Airport to limit flights

DUBLIN, Aug 9 (Reuters) - Ireland's High Court has paused a local council order that would have forced Dublin Airport to limit daily flights between the hours of 11 p.m. and 7 a.m. from next month pending a full hearing on the matter.

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9 Aug 2023 05:01

Rising prices for travel do not appear to be curbing wanderlust

LONDON/CHICAGO/NEW YORK, Aug 9 (Reuters) - The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.

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7 Aug 2023 13:09

Carriers face longer Africa flights, suspensions as Niger closes airspace

LONDON/GDANSK, Aug 7 (Reuters) - European carriers on Monday reported disruptions and suspended flights across the African continent after Niger's junta closed its airspace on Sunday.

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5 Aug 2023 11:12

PRESS: IAG agree 13% pay rise for 24,000 staff - Financial Times

(Alliance News) - The Financial Times on Friday reported that International Consolidated Airlines Group SA has agreed a 13% pay rise for 24,000 staff.

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3 Aug 2023 12:00

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.

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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.

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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

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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:

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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

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