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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: 172.70
Bid: 172.70
Ask: 172.85
Change: 1.20 (0.70%)
Spread: 0.15 (0.087%)
Open: 171.55
High: 172.85
Low: 170.95
Prev. Close: 171.50
IAG Live PriceLast checked at -

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Ryanair cabin crew agree pay cuts to save jobs

Wed, 08th Jul 2020 10:33

(Sharecast News) - Cabin crew at budget carrier Ryanair have agreed to take temporary pay cuts to avert planned job losses due to the coronavirus crisis, the Unite union said on Wednesday.
The deal means workers will see a temporary pay cut of 5% for the lowest paid, 7.5% for others, and 10% for the highest paid.

Ryanair agreed to give the cash back in two tranches in 2023 and 2024, or earlier if business returns to pre-Covid levels of business sooner.

Airlines around the world have started imposing job cuts as the pandemic and associated lockdowns crippled passenger travel, leaving aircraft grounded and companies burning through cash reserves.

Unite members employed at Ryanair have been balloted on the agreement and voted to accept the deal, the union said, and acknowledged the airline's "constructive approach".

Union assistant general secretary Diana Holland said the agreement "shows that the company has taken a more constructive and less damaging approach to dealing with the issues than many of its competitor airlines".

British Airways has come under fire over plans to sack 12,000 staff and change employment terms for the remaining 30,000 employees.

A Unite poll of more than 2,000 people, three out of five of whom were British Airways passengers, found 61% believed BA was taking advantage of the coronavirus crisis to boost shareholder profits.

Almost seven out of 10 agreed that the airline's lucrative Heathrow landing slots deal should be reviewed.

"If BA press ahead to create a new and unrecognisable airline, it should not continue to benefit from its domination of lucrative legacy take-off and landing slots," Unite said.

"British Airways has lost the trust of its workforce, politicians and the country. "The only way (it) can retrieve its reputation as the world's best loved airline and protect its lucrative landing slots, is to withdraw its unprecedented attack on staff and enter into sensible negotiations."
More News
27 Mar 2024 10:28

JPMorgan puts IAG on 'positive catalyst watch' ahead of Q1 results

(Sharecast News) - JPMorgan Cazenove placed shares of BA and Iberia owner IAG on 'positive catalyst watch' on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

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21 Mar 2024 16:33

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.

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21 Mar 2024 09:27

LONDON BROKER RATINGS: UBS cuts Entain; RBC raises IAG

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

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21 Mar 2024 09:09

RBC Capital upgrades IAG to 'outperform'

(Sharecast News) - RBC Capital Markets upgraded BA and Iberia owner IAG on Thursday to 'outperform' from 'sector perform' and lifted the price target to 220p from 200p.

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21 Mar 2024 07:52

LONDON BRIEFING: Stocks called up thanks to New York rally

(Alliance News) - Stocks in London are to open higher on Thursday, after a global equity market rally following the latest interest rate call from the US Federal Reserve.

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15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

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6 Mar 2024 15:02

London close: Stocks finish higher after Hunt's Spring Budget

(Sharecast News) - London's stock markets closed in positive territory on Wednesday, as investors absorbed the Chancellor's Spring Budget announcement of a 2p reduction in National Insurance.

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6 Mar 2024 14:05

Tax rise outlined in UK budget for air passengers in premium cabins

(Alliance News) - Airline passengers travelling in premium cabins will be hit by a UK tax hike.

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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:

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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.

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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.

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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:

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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.

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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.

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