focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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
11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

Read more
10 Apr 2024 14:46

Portugal's new government vows to keep balanced budgets, privatise TAP

LISBON, April 10 (Reuters) - Portugal's new minority government will maintain balanced budgets, keep reducing the country's public debt and carry out a long-planned privatisation of flag carrier TAP, it said in its inaugural legislative programme on Wednesday.

Read more
8 Apr 2024 17:03

LONDON MARKET CLOSE: Miners and airlines in demand as FTSE 100 climbs

(Alliance News) - Investors bought in London on Monday, as the FTSE 100 rose with gold hitting a new high before fading, airlines and miners were in demand, while Entain prospered on bid speculation.

Read more
6 Apr 2024 18:59

Two planes at Heathrow Airport collide on the ground

LONDON, April 6 (Reuters) - The wingtip of an empty Virgin Atlantic jet collided with a stationary British Airways airliner while being towed from a stand at London's Heathrow Airport on Saturday, the airlines said.

Read more
5 Apr 2024 19:38

UK Border Force officers suspend Heathrow Airport strike action plan

LONDON, April 5 (Reuters) - UK Border Force officers at Heathrow Airport, Britain's busiest hub, have suspended the strike action they were due to take for four days from April 11 in a dispute over working conditions, a trade union said on Friday.

Read more
5 Apr 2024 15:22

London close: Stocks finish lower as US payrolls top forecasts

(Sharecast News) - London markets closed lower on Friday amid a backdrop of heightened investor caution, following robust US job data for March, hawkish remarks from Federal Reserve officials, and escalating tensions in the Middle East.

Read more
28 Mar 2024 16:49

UK Border Force officers at Heathrow airport to take strike action

LONDON, March 28 (Reuters) - More than 600 UK Border Force officers at Heathrow Airport, Britain's busiest hub, will take strike action for four days from April 11 in a dispute over working conditions, the PCS trade union said on Thursday.

Read more
27 Mar 2024 10:28

JPMorgan puts IAG on 'positive catalyst watch' ahead of Q1 results

(Sharecast News) - JPMorgan Cazenove placed shares of BA and Iberia owner IAG on 'positive catalyst watch' on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

Read more
21 Mar 2024 16:33

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.

Read more
21 Mar 2024 09:27

LONDON BROKER RATINGS: UBS cuts Entain; RBC raises IAG

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

Read more
21 Mar 2024 09:09

RBC Capital upgrades IAG to 'outperform'

(Sharecast News) - RBC Capital Markets upgraded BA and Iberia owner IAG on Thursday to 'outperform' from 'sector perform' and lifted the price target to 220p from 200p.

Read more
21 Mar 2024 07:52

LONDON BRIEFING: Stocks called up thanks to New York rally

(Alliance News) - Stocks in London are to open higher on Thursday, after a global equity market rally following the latest interest rate call from the US Federal Reserve.

Read more
15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

Read more
6 Mar 2024 15:02

London close: Stocks finish higher after Hunt's Spring Budget

(Sharecast News) - London's stock markets closed in positive territory on Wednesday, as investors absorbed the Chancellor's Spring Budget announcement of a 2p reduction in National Insurance.

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.