Firering Strategic Minerals: From explorer to producer. 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: 170.05
Bid: 170.30
Ask: 170.45
Change: 2.00 (1.19%)
Spread: 0.15 (0.088%)
Open: 167.45
High: 171.00
Low: 167.45
Prev. Close: 168.05
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
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
23 Jan 2024 09:21

LONDON BROKER RATINGS: HSBC cuts Compass; Berenberg lowers Victrex

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

Read more
21 Jan 2024 18:15

Over 100 flights cancelled at Dublin airport due to storm

DUBLIN, Jan 21 (Reuters) - Airlines cancelled 102 flights in and out of Dublin airport on Sunday due to a storm that was forecast to rage for the rest of the day, the airport operator said.

Read more
17 Jan 2024 09:10

LONDON BROKER RATINGS: UBS cuts Shell, Admiral and M&G to 'neutral'

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

Read more
16 Jan 2024 17:01

IAG to offer remedies to EU for Air Europa deal

BRUSSELS, Jan 16 (Reuters) - British Airways owner IAG expects EU antitrust regulators to open a full-scale investigation into its plan to buy Spain's Air Europa and will offer remedies to address their concerns, IAG's chief executive said on Tuesday.

Read more
12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

Read more
12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

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

Read more
5 Jan 2024 07:59

Ground staff at IAG-owned Iberia to strike from midnight

MADRID, Jan 4 (Reuters) - Ground staff at IAG-owned Iberia airlines will stage a four-day strike at Spanish airports from Friday, forcing the cancellation of hundreds of flights, after talks between unions and the company failed at a last-ditch meeting, the airline said.

Read more
21 Dec 2023 07:26

Ground service workers at Spain's Iberia postpone strike after New Year period

MADRID, Dec 21 (Reuters) - Unions for ground service workers at International Airlines Group-owned Iberia have postponed a strike at Spanish airports that was announced for the New Year period.

Read more
14 Dec 2023 13:32

Ground service workers at Spain's Iberia plan New Year strike

MADRID, Dec 14 (Reuters) - Unions for ground service workers at International Airlines Group-owned Iberia said on Thursday they plan to strike over the New Year period at Spanish airports.

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.