The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just 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: 174.10
Bid: 174.00
Ask: 174.10
Change: 0.55 (0.32%)
Spread: 0.10 (0.057%)
Open: 173.30
High: 174.60
Low: 173.30
Prev. Close: 173.55
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Lawmakers label British Airways 'national disgrace' over jobs

Sat, 13th Jun 2020 00:01

LONDON, June 13 (Reuters) - British Airways was labelled a
"national disgrace" by lawmakers for its treatment of employees
on Saturday, adding to pressure on the airline as it juggles job
cuts and new quarantine rules.

Britain's Transport Select Committee said that BA and its
parent company IAG were trying to take advantage of the
coronavirus crisis to cut 12,000 jobs and downgrade the terms
and conditions of other employees.

"It is unacceptable that a company would seek to drive this
level of change under the cover of a pandemic," Conservative
lawmaker Huw Merriman, who chairs the committee, said in a
report published on Saturday.

In response, a spokeswoman for the airline said:

"We will do everything in our power to ensure that British
Airways can survive and sustain the maximum number of jobs
consistent with the new reality of a changed airline industry in
a severely weakened global economy."

BA is engaged in a battle with unions and in legal action
against the government over its quarantine policy, which
requires all international arrivals to self-isolate for 14 days.

The lawmakers said in the report that quarantine would
damage the economy and called for the government to replace it
with more targeted measures, such as travel corridors between
low-risk countries.

"It is imperative that the UK Government finds a way to get
aviation back on its feet," Merriman said.

BA, along with competitor airlines easyJet and
Ryanair, launched legal action on Friday to try to
overturn the quarantine policy.

All three have announced job cuts, but so far only BA has
been singled out for its tactics.

BA, which is burning through 20 million pounds ($25.2
million) a day and has no revenues, is preparing for what most
airlines and travel experts expect to be a smaller travel market
after in the wake of the coronavirus pandemic.
($1 = 0.7935 pounds)
(Reporting by Sarah Young;
Editing by Alexander Smith)

More News
16 May 2024 06:00

How easyJet's bet on holidays paid off

LONDON, May 16 (Reuters) - EasyJet's big bets on package holidays and better-located airports are helping it win customers, its CEO and investors say, even as concerns linger about the high cost of the strategy for an airline known for its no-frills service.

Read more
14 May 2024 06:27

UK ministers, companies visit Saudi Arabia to boost trade ties

(Alliance News) - UK Cabinet ministers are visiting Saudi Arabia in a bid to bolster trade links with the kingdom amid reports that Riyadh authorised the use of lethal force to clear land for a new desert city.

Read more
13 May 2024 15:36

London close: Stocks take a breather after last week's surge

(Sharecast News) - London's stock markets ended the day in negative territory on Monday, with investors taking a breather following a six-day winning streak that propelled the FTSE 100 to a new all-time high.

Read more
13 May 2024 12:01

LONDON MARKET MIDDAY: Stocks flat as IPO chat brightens up subdued day

(Alliance News) - Stocks in London marked time on Monday, consolidating recent gains, ahead of a key week of US economic data.

Read more
13 May 2024 09:03

JPMorgan sees further upside at IAG despite recent rally

(Sharecast News) - British Airways owner IAG's stock was making gains on Monday following positive comments from JPMorgan, which said that earnings momentum should continue to take the shares higher.

Read more
10 May 2024 16:02

London close: Stocks rise further as UK exits recession

(Sharecast News) - London stocks finished the trading week on a positive note on Friday, driven by gains in the mining sector, following the release of data indicating the UK's exit from recession.

Read more
10 May 2024 14:17

IAG in talks to address Air Europa bid concerns

PARIS, May 10 (Reuters) - British Airways owner IAG said on Friday it is in talks with other airlines about ceding routes in order to address EU regulators' concerns that its bid for Air Europa may reduce competition and lead to price increases.

Read more
10 May 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 hits record high on BoE vote, UK GDP

(Alliance News) - Stock prices in London were up at midday on Friday, hitting a record high once again as investors reacted positively to a dovish Bank of England interest rates hold.

Read more
10 May 2024 09:28

TOP NEWS: Upbeat IAG buoyed by continued high demand for travel

(Alliance News) - British Airways-owner International Consolidated Airlines Group SA on Friday said it is well positioned for the key summer season as it reported a narrowed first-quarter loss.

Read more
10 May 2024 09:20

owner IAG projects strong summer after solid first quarter

IAG operating profit at 68 million in Q1, compared to 9 million last year

*

Read more
10 May 2024 09:03

LONDON MARKET OPEN: Stocks buoyed by dovish BoE hold and UK GDP growth

(Alliance News) - Stock prices in London opened up after a dovish Bank of England interest rates hold on Thursday.

Read more
10 May 2024 07:56

LONDON BRIEFING: FTSE 100 called up on BoE hold and UK economic growth

(Alliance News) - Stocks in London are set to open up on Friday after a dovish Bank of England interest rates hold on Thursday.

Read more
10 May 2024 07:04

IAG sees strong summer demand as Q1 profits take off

(Sharecast News) - British Airways owner IAG said it was "well positioned" for the summer after posting a huge rise in first quarter profit on the back of strong leisure travel demand, especially over the Easter holidays.

Read more
9 May 2024 15:21

London close: Stocks manage gains as BoE holds rates

(Sharecast News) - London markets closed on a positive note on Thursday, bolstered by the Bank of England's decision to maintain interest rates, in line with market expectations.

Read more
8 May 2024 16:54

LONDON MARKET CLOSE: Shares rise as eyes turn to Bank of England

(Alliance News) - Stock prices in London closed higher on Wednesday, with the FTSE 100 achieving another record high and markets in a confident mood ahead of Thursday's Bank of England decision.

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.