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Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
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Share Price: 176.40
Bid: 176.90
Ask: 177.00
Change: -1.20 (-0.68%)
Spread: 0.10 (0.057%)
Open: 178.50
High: 179.20
Low: 176.40
Prev. Close: 177.60
IAG Live PriceLast checked at -

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Portugal's TAP says passenger traffic up 30% in first half of 2023

Mon, 10th Jul 2023 16:22

LISBON, July 10 (Reuters) - Portugal's state-owned airline TAP carried 7.58 million passengers in the first half of this year, a 30% increase from a year ago but still slightly below pre-pandemic levels even as tourist numbers have already exceeded those seen in 2019.

Still, the state-owned carrier, which the government plans to partially privatise, said on Monday that intercontinental routes to Brazil, North America and Africa carried 2.17 million passengers in the period, 14.7% more than in the first half of 2019.

That, it said in a statement, "demonstrated the solid recovery of the company", although the total passenger traffic fell 4% shy of the same period in 2019 as the airline's flights within Europe, including mainland Portugal and islands - carried fewer passengers.

TAP is undergoing a restructuring under a Brussels-approved 3.2 billion euro ($3.51 billion) rescue plan, but the government wants to launch its privatisation as early as this month while intending to keep a strategic stake.

At least three major global carriers - IAG, Lufthansa, and Air France-KLM - have so far shown interest in TAP. The Portuguese airline reported a net loss of 57.4 million euros in the first quarter of this year, which represented more than a 50 percent drop from the loss in the previous year's period, due to increasing passenger numbers. ($1 = 0.9122 euros) (Reporting by PatrĂ­cia Vicente Rua; Editing by Andrei Khalip and Paul Simao)

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31 Jul 2023 14:57

BofA Merrill Lynch lifts IAG price target, reiterates 'buy'

(Sharecast News) - Bank of America Merrill Lynch lifted its price target on BA and Iberia owner IAG on Monday to 260p from 240p and reiterated its 'buy' rating on the shares after results last week.

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31 Jul 2023 14:45

Broker tips: IAG, Babcock

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