Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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: 173.55
Bid: 173.55
Ask: 173.65
Change: -2.85 (-1.62%)
Spread: 0.10 (0.058%)
Open: 175.40
High: 176.15
Low: 173.15
Prev. Close: 176.40
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Heathrow hit with fresh strike threat

Tue, 19th Jul 2022 13:38

(Sharecast News) - Heathrow was dealt a fresh blow on Tuesday, after refuelling workers at the UK's busiest airport agreed to strike.

Unite said workers employed by Aviation Fuel Services had rejected a 10% pay rise and would now begin a three-day strike staring at 0500 BST on Thursday.

The union said its members had rejected the offer "as it did not meet their expectations", arguing that staff had not had a pay rise for three years, during which time they had seen incomes fall by 15.5% once inflation was accounted for.

AFS - which Unite said was a joint venture owned by BP and France's Total Energies, among others - is responsible for refuelling half of the non-British Airways traffic at Heathrow. Affected airlines include Virgin Atlantic, United, Singapore, KLM, American, Emirates, Air France and Delta.

Sharon Graham, Unite general secretary, said: "AFS is wholly owned by incredibly wealthy energy companies who are entirely able to provide our members with a decent pay increase.

"This is yet another example of energy companies boosting profits at the expense of workers."

A spokesman for Heathrow said: "We are in discussions with our airline partners on what contingency plans they can implement, including using other fuel suppliers already operating at the airport."

The strike is the latest blow to Heathrow, which in common with many in the sector, has struggled to meet the surge in demand post-pandemic.

Aviation was floored by the pandemic, with a vast number of people laid off. But the sector has struggled to recruit enough people fast enough to meet the surge in demand post pandemic, and there was chaos over Easter as passengers reported long queues to get through security and passport control, lost luggage and flights cancelled with little or no notice.

Airlines are now cutting flights in response, with British Airways - Heathrow's largest carrier - axing 11% of its summer schedule, which runs from April to October.

Last week, Heathrow told airlines to stop selling summer tickets after it imposed a daily passenger cap, arguing that it could manage "no more than 100,000" passengers a day during the peak summer season. The airport also cancelled 61 flights last Monday that were due to take off that day.

AFS has yet to comment on the strike action.

More News
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.

Read more
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

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.