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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: 186.45
Bid: 185.95
Ask: 186.10
Change: 5.25 (2.90%)
Spread: 0.15 (0.081%)
Open: 181.95
High: 186.45
Low: 181.95
Prev. Close: 181.20
IAG Live PriceLast checked at -

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Run 'realistic' schedules to avoid summer chaos, UK tells airlines

Thu, 30th Jun 2022 13:16

LONDON, June 30 (Reuters) - Britain told airlines on Thursday it was down to them to avoid a repeat of recent chaotic scenes at airports during the upcoming holiday season, publishing a 22-point support plan that included a call to run "realistic" summer schedules.

The year has so far been marked by widespread disruption, including long queues and cancelled flights caused by staff shortages, leaving airlines and airports struggling to keep up with a surge in demand after the COVID-19 pandemic.

The government's planned measures for the industry included help in recruiting staff, but it also said they should run realistic schedules and support passengers when delays and cancellations are unavoidable. Critics have accused airlines of selling more tickets than they can honour, a charge they deny.

"It's now on airports and airlines to commit to running the flights they've promised or cancel them with plenty of time to spare so we can avoid the kind of scenes we saw at Easter and half term," transport minister Grant Shapps said in a statement.

The plan is the latest move by the government to try and relieve some of the pressure, having relaxed rules around airport slots last week to help scheduling.

The head of Airlines UK, which represents British airlines, said the sector was working with ministers and other government authorities to be more resilient.

"Aviation is a complex international eco-system with many moving parts but we are all working collectively to ensure the summer peak runs smoothly and passengers are able to get away," Tim Alderslade said.

Earlier on Thursday, Britain's busiest airport Heathrow asked airlines to cancel 30 scheduled flights due to passenger numbers exceeding the airport's capacity.

Apologising for the impact of that decision on travel plans, a Heathrow spokesperson said it was working hard to ensure a smooth summer. (Reporting by Muvija M and William James Editing by Kylie MacLellan and Mark Potter)

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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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LONDON BROKER RATINGS: UBS cuts Entain; RBC raises IAG

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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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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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