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: 168.90
Bid: 168.90
Ask: 169.00
Change: -4.80 (-2.76%)
Spread: 0.10 (0.059%)
Open: 169.85
High: 170.15
Low: 167.25
Prev. Close: 173.70
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's British Airways hires new operations head as cancellations surge

Wed, 06th Jul 2022 14:36

(Alliance News) - International Consolidated Airlines Group SA's British Airways has hired a new operations chief as flight cancellations continue to soar.

Rene de Groot, who currently leads operations at Dutch airline KLM, will move to British Airways as chief operating officer on October 1.

He joined Air France KLM SA's KLM in 1990 as a pilot and continues to fly for the carrier.

British Airways has been one of the worst affected airlines in terms of cancellations in recent months, as the aviation industry struggles to cope with the spike in demand for travel amid staff shortages.

The Independent reported that by the end of last month the carrier had cancelled 17,600 flights – one out of every nine planned departures – for the summer season, which runs from April until October.

Airlines have until Friday to take advantage of a Government scheme allowing them to cancel summer flights without losing future rights to valuable take-off and landing slots at airports.

In a letter to staff seen by the PA news agency, British Airways chief executive Sean Doyle wrote that de Groot is "very familiar with the issues that we've been grappling with", after leading KLM's operations amid "continuously changing conditions" during the coronavirus pandemic.

Doyle added: "I am confident that Rene will help us to rebuild our airline and become a better BA."

British Airways announced in April that it was splitting its operations structure into technical and operations roles.

Current COO Jason Mahoney will take on the position of chief technical officer.

easyJet PLC, which has also been badly hit by cancellations, parted ways with its COO Peter Bellew on Monday.

By Neil Lancefield, PA Transport Correspondent

source: PA

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
26 May 2023 07:00

Soaring airline customer complaints push global legislators to act

LONDON/MONTREAL, May 26 (Reuters) - Nikoleta Dodova is among a growing number of dissatisfied airline customers. Having bought her mother and niece airline tickets from Sweden to Macedonia last year, their flight was cancelled and they ended up at an airport over two hours away. She is still waiting for compensation.

Read more
26 May 2023 06:01

IT issue causes mass cancellation of British Airways Heathrow flights

(Alliance News) - International Consolidated Airlines PLC's British Airways has apologised after an IT issue caused the cancellations of domestic and European flights on Thursday, as Britain heads into the Bank Holiday weekend.

Read more
19 May 2023 09:34

Dublin Airport to lower charges for more fuel-efficient airlines

DUBLIN, May 19 (Reuters) - Dublin Airport plans to cut runway charges by 25% for airlines that operate planes with lower emissions, the Dublin Airport Authority (DAA) said on Friday.

Read more
18 May 2023 08:10

UK's easyJet confident as summer demand ramps up

Sees Q3 revenue per seat up 20% on last year

*

Read more
11 May 2023 09:45

LONDON BROKER RATINGS: Asos targets cut; Jefferies ups Diploma to buy

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

Read more
10 May 2023 11:20

UK's Virgin Atlantic says bumper bookings eclipsed by rising costs

2022 revenue 2.9 bln stg, 98% of 2019 levels

*

Read more
9 May 2023 17:27

UK stocks slide ahead of U.S. inflation data, BoE meet

IAG closes at over a two-month high

*

Read more
9 May 2023 13:45

Liberum reiterates 'buy' on IAG, lifts price target

(Sharecast News) - Liberum reiterated its 'buy' recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

Read more
9 May 2023 07:52

Broker tips: IAG, Intertek

(Sharecast News) - Liberum reiterated its 'buy' recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

Read more
5 May 2023 17:03

LONDON MARKET CLOSE: Surprise US jobs report lifts market mood

(Alliance News) - Stocks in London were higher at the close on Friday, ahead of a long bank holiday weekend, as the latest US jobs report made a recession across the Atlantic appear less likely.

Read more
5 May 2023 12:08

LONDON MARKET MIDDAY: Stocks pare weekly losses ahead of US nonfarms

(Alliance News) - Stock prices in London were higher at midday on Friday, a better end to a nervy week for equities, with investors digesting central bank decisions and an ongoing crisis in the US regional banking sector.

Read more
5 May 2023 09:42

European airlines see strong summer bookings, hope to avert chaos

IAG first-quarter results better than expected

*

Read more
5 May 2023 09:10

TOP NEWS: IAG loss narrows, revenue up as capacity recovers from Covid

(Alliance News) - International Consolidated Airlines Group SA on Friday reported its first quarter narrowed alongside strong revenue as Iberia delivered its "best ever" quarterly performance, while noting capacity recovering towards pre-pandemic levels.

Read more
5 May 2023 08:47

LONDON MARKET OPEN: Stocks make headway, investors cheer IAG update

(Alliance News) - Stock prices in London opened higher on Friday, with oil companies and an encouraging trading update from International Consolidated Airlines boosting the FTSE 100.

Read more
5 May 2023 07:56

LONDON BRIEFING: IAG narrows loss; IHG CEO to step down

(Alliance News) - Stocks in London were called higher on Friday, as investors mulled over the latest interest rate decisions in the US and the EU and ahead of the US nonfarm payrolls report.

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.