The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 178.65
Bid: 0.00
Ask: 182.50
Change: 0.00 (0.00%)
Spread: 3.80 (2.126%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 178.65
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Tui, Virgin Atlantic, IAG join legal action against UK travel rules

Tue, 22nd Jun 2021 12:12

(Alliance News) - Tui AG has announced it has joined Virgin Atlantic and British Airways' parent company International Consolidated Airlines Group SA in supporting legal action against the UK government's coronavirus travel restrictions.

The UK's largest tour operator said the three firms have become interested parties in a challenge launched by Ryanair Holdings PLC and Manchester Airports Group last week.

The legal bid is an attempt to get the government to be more transparent in relation to how it determines which countries are on the green, amber and red lists under the traffic light system for international travel.

There are currently no major viable tourist destinations on the quarantine-free green list.

Speaking at the Travel Matters conference organised by industry association Abta, Tui Managing Director Andrew Flintham said: "At the time of the last country review, many destinations such as Malta, the Greek islands and the Balearics had much lower rates (of infection) than the UK.

"It was inexplicable as to why these were not added and instead Portugal was moved straight from green to amber, without the slightest sign of stopping at the much-vaunted green watchlist.

"We must understand the criteria we are all working towards so we can pre-empt when countries may move into different categories and help our customers with that challenge, and we must understand how the framework is being applied."

Abta Chief Executive Mark Tanzer told the conference that the organisation is also looking at whether legal action is "an avenue that we can pursue".

He said: "The hurdle for suing the government is high but we think at least the government needs to say, did it measure the impact on the travel sector of its own policies, and if it did, did it then decide that the sector nonetheless wasn't worthy of support?"

Tanzer issued a "heartfelt plea for political change" in relation to restrictions on international travel.

Noting that outbound travel is influenced by several government departments, he said the sector is not content to be "a political orphan".

He added: "Clear accountability for the welfare of the outbound travel sector needs to be given to a designated minister.

"Our economic contribution is weighty. More money is spent in the UK by British citizens prior to travelling abroad than is spent by international visitors, and the job creation or destruction potential is huge.

"I say to government: put aside any misguided prejudices against outbound travel. We are ready to work together, show us that you are."

Tanzer said Aviation Minister Robert Courts pulled out from a planned speech at the conference due to "a diary clash".

Flintham said: "It is incredibly disappointing that the aviation minister didn't come to speak with us all today.

"There is no doubt the government needs to hear what we have to say as an industry, and this once again feels like a sign that they're not."

source: PA

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
3 Aug 2023 06:01

Sluggish return of business travelers forces US airlines to rejig their networks

CHICAGO, Aug 3 (Reuters) - U.S. airlines are enjoying strong leisure travel demand, but corporate travelers are still not back in full force, compelling airlines to restructure their networks to account for fewer people flying for business purposes.

Read more
1 Aug 2023 09:24

LONDON BROKER RATINGS: JPMorgan cuts L&G, St James's price target

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

Read more
31 Jul 2023 17:27

UK's FTSE 100 ends marginally higher, notches monthly gains

Beverages down on Heineken's outlook

*

Read more
31 Jul 2023 16:56

LONDON MARKET CLOSE: FTSE 100 inches higher as BoE moves into focus

(Alliance News) - European equities closed slightly higher on Monday, supported by favourable eurozone data and the hope of more stimulus in China, after an underwhelming factory reading there.

Read more
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.

Read more
31 Jul 2023 14:45

Broker tips: IAG, Babcock

(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.

Read more
31 Jul 2023 12:06

LONDON MARKET MIDDAY: Europe rises but FTSE 100 underperforms

(Alliance News) - Stock prices in London were lower at midday on Monday, though European peers were on the rise, following favourable eurozone economic data.

Read more
31 Jul 2023 09:16

LONDON BROKER RATINGS: Oddo BHF raises IAG to 'outperform'

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

Read more
28 Jul 2023 17:44

UK's FTSE 100 ends flat as BOJ sparks rate worries, higher on the week

AstraZeneca boosts pharma index to one-month high

*

Read more
28 Jul 2023 16:58

LONDON MARKET CLOSE: FTSE 100 flat as DAX surges to record high

(Alliance News) - London's FTSE 100 tread water on Friday, after a trio of central bank decisions, and as focus turns to the Bank of England next week and the US jobs report.

Read more
28 Jul 2023 12:34

Air France-KLM's rising costs overshadow profit beat

Q2 operating profit 733 mln euros vs forecast 663 mln

*

Read more
28 Jul 2023 11:47

LONDON MARKET MIDDAY: FTSE 100 treads water on blue chip earnings

(Alliance News) - Stock prices in London were mixed at midday on Friday, after a busy week of earnings comes to an end.

Read more
28 Jul 2023 09:27

TOP NEWS: IAG to restore flight capacity to pre-pandemic by year-end

(Alliance News) - International Consolidated Airlines Group SA on Friday said it will return its flying capacity back to the level seen before the Covid-19 by the end of 2023, as it reported a dramatic swing to profit in the first half of the year.

Read more
28 Jul 2023 08:52

British Airways-owner IAG beats forecasts, but wary on outlook

Q2 profit 1.25 bln euros vs 895 mln forecast

*

Read more
28 Jul 2023 07:54

LONDON BRIEFING: NatWest posts interim growth; IAG swings to profit

(Alliance News) - Stocks in London are called slightly lower on Friday, with investors having plenty to consider amid the week's swathe of corporate earnings and central bank decisions.

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.