The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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: 184.10
Bid: 184.45
Ask: 184.55
Change: -2.35 (-1.26%)
Spread: 0.10 (0.054%)
Open: 186.85
High: 187.45
Low: 184.10
Prev. Close: 186.45
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IAG considers suing UK govt over quarantine plans

Fri, 05th Jun 2020 09:57

(Sharecast News) - British Airways owner IAG was considering suing the UK government over its coronavirus quarantine plans, with rival airline Ryanair pledging to support any legal action.
IAG chief executive Willie Walsh said he was reviewing the the situation with lawyers. The new measures, which will force people to quarantine for 14 days, start on June 8 and have been widely criticised by the travel industry and Conservative MPs.

Airlines, already burning through cash at an alarming rate, had been hoping to resume flights in July, but now fear the government measures will deter passengers from booking flights.

IAG admitted yesterday that it was burning through £178m a week and warned its future was as a leaner company with no realistic short-term prospects of a return to business at pre-pandemic levels.

"I wrote to MPs last night to say the measures have torpedoed our opportunity to get flying in July. We think it is irrational, disproportionate and we are giving consideration to a legal challenge to this legislation. We are reviewing that with the lawyers later on today," Walsh told Sky News.

"I suspect there are other airlines that are doing so because there was no consultation with the industry prior to enacting this legislation and we do believe it is an irrational piece of legislation."

Budget carrier Ryanair, which has slammed the plan as "useless and ineffective", pledged to back any legal action launched by IAG.

Walsh said the industry was facing its "most difficult challenge", saying BA flew only 485 passenger flights last month. "We did that by lunchtime on 1 May last year," he said.

BA was yesterday criticised by Unite union general secretary Len McCluskey after the company failed to join a meeting between Home Secretary Priti Patel and rival airlines Virgin and jet2 to discuss the plans.

The airline has come under fire for taking cash under the government's multi-billion pound job retention furlough scheme, with 23,000 staff laid off, while making plans to axe 12,000 workers, more than a quarter of its workforce.
More News
6 Mar 2024 09:07

LONDON BROKER RATINGS: JPMorgan raises IAG; Jefferies likes Experian

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

Read more
6 Mar 2024 08:45

IAG flies higher after double upgrade to 'overweight' by JPMorgan

(Sharecast News) - BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove double upgraded the shares to 'overweight' from 'underweight' and lifted the price target to €2.50 from €1.45.

Read more
6 Mar 2024 07:45

LONDON BRIEFING: ConvaTec profit doubles; DS smith trades in line

(Alliance News) - Stocks are called to open higher on Wednesday, with focus in the UK on Wednesday's Spring budget.

Read more
1 Mar 2024 09:14

LONDON BROKER RATINGS: Numis cuts St James's Place to 'hold'

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

Read more
29 Feb 2024 16:53

LONDON MARKET CLOSE: Focus on Fed, ECB after inflation readings

(Alliance News) - The FTSE 100 in London closed higher on Thursday, as a key US inflation gauge ebbed year-on-year, though a monthly increase could keep a lid on Federal Reserve interest rate cut enthusiasm.

Read more
29 Feb 2024 09:25

TOP NEWS: IAG confident as customers continue to take to the skies

(Alliance News) - British Airways owner, International Consolidated Airlines Group SA on Thursday said strong and sustained demand for travel, in particular in leisure, helped drive bumper growth in sales and profit in 2023.

Read more
29 Feb 2024 07:08

IAG profits fly past pre-pandemic levels on strong leisure demand

(Sharecast News) - British Airways owner IAG on Thursday more than doubled annual profit as demand continued to rebound from the effects of the Covid pandemic.

Read more
28 Feb 2024 13:39

Thursday preview: Inflation data, IAG in focus

(Sharecast News) - Should the Federal Reserve begin to reduce interest rates in June?

Read more
26 Feb 2024 09:07

LONDON BROKER RATINGS: Jefferies raises ITM Power to 'buy'

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

Read more
23 Feb 2024 12:06

LONDON MARKET MIDDAY: StanChart prospers while stocks take a breather

(Alliance News) - Stock prices in London faltered at midday Friday, despite strong gains by Standard Chartered, as the wave of euphoria after Nvidia's blow-out earnings began to fade.

Read more
15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

Read more
15 Feb 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat as strong start fades

(Alliance News) - The FTSE 100 tread water on Thursday afternoon, as share price declines for some of London's heavyweights offset a strong start for the index, which got a boost from Bank of England rate cut hopes.

Read more
2 Feb 2024 16:59

London close: Stocks mixed as US payrolls come in red-hot

(Sharecast News) - London's stock markets closed with mixed results on Friday, as investors were confronted by an unexpectedly strong US labour market as revealed in the latest US non-farm payrolls report.

Read more
30 Jan 2024 09:32

LONDON BROKER RATINGS: BoA cuts Barratt, Persimmon; ups Taylor Wimpey

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

Read more
24 Jan 2024 18:17

IAG's bid to buy out Air Europa may reduce competition, EU says

BRUSSELS, Jan 24 (Reuters) - British Airways owner IAG's bid to buy out Air Europa may reduce competition on domestic, short-haul and long-haul routes, EU antitrust regulators said on Wednesday as they opened a full-scale probe into the 400-million-euro ($435.9 million) deal.

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.