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: 168.90
Bid: 168.90
Ask: 169.00
Change: -4.80 (-2.76%)
Spread: 0.10 (0.059%)
Open: 169.85
High: 170.15
Low: 167.25
Prev. Close: 168.90
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-British Airways boss says taking drastic action to make it through winter

Wed, 16th Sep 2020 10:13

(Adds quotes, reaction)

By Sarah Young

LONDON, Sept 16 (Reuters) - British Airways is having to
take every measure possible to make it through the winter
because a fear of flying during the pandemic has destroyed any
hope of a rapid return to normality, its boss said on Wednesday.

BA CEO Alex Cruz told a parliamentary select committee that
the airline was running at 25 to 30% of its normal flight
schedule, prompting it to cut thousands of jobs because "fewer
flights means fewer people required to actually service them".

"This is the worst crisis that British Airways has gone
through in its 100 years of history," he said. "We're still
fighting for our own survival.

"We are taking every measure possible to make sure we can
actually make it through this winter. We do not see a short-term
coming back of our passengers. All the feedback we get ... is
still pointing at a slow recovery process."

Britain's leading airline has been heavily criticised by
politicians and unions for laying off 13,000 staff and
renegotiating the contracts of many of its remaining employees.

It says it has no choice, because it is burning through 20
million pounds a day and straining the finances of parent
company IAG which is in the process of raising 2.74
billion euros from shareholders.

Cruz has cut his own pay by around a third.

UK-based airlines have benefited from government employment
retention schemes and loans, but have not had the kind of
industry-specific support deployed in France and Germany to bail
out Air France-KLM and Lufthansa.

Cruz said a return to flying had been hampered by the weekly
changes to quarantine rules and the lack of a testing system at
airports. A two-stage testing system, where passengers are
tested on arrival and five days later could remove the need for
14-day quarantines, he said.

"We remain worried with regards to the evolution of the rest
of the winter season. People are still afraid of travelling and
we are having weekly changes to the quarantine list, we don't
have a testing solution yet.
(Reporting by Sarah Young; writing by Kate Holton; editing by
Estelle Shirbon)

More News
11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

Read more
10 Apr 2024 14:46

Portugal's new government vows to keep balanced budgets, privatise TAP

LISBON, April 10 (Reuters) - Portugal's new minority government will maintain balanced budgets, keep reducing the country's public debt and carry out a long-planned privatisation of flag carrier TAP, it said in its inaugural legislative programme on Wednesday.

Read more
8 Apr 2024 17:03

LONDON MARKET CLOSE: Miners and airlines in demand as FTSE 100 climbs

(Alliance News) - Investors bought in London on Monday, as the FTSE 100 rose with gold hitting a new high before fading, airlines and miners were in demand, while Entain prospered on bid speculation.

Read more
6 Apr 2024 18:59

Two planes at Heathrow Airport collide on the ground

LONDON, April 6 (Reuters) - The wingtip of an empty Virgin Atlantic jet collided with a stationary British Airways airliner while being towed from a stand at London's Heathrow Airport on Saturday, the airlines said.

Read more
5 Apr 2024 19:38

UK Border Force officers suspend Heathrow Airport strike action plan

LONDON, April 5 (Reuters) - UK Border Force officers at Heathrow Airport, Britain's busiest hub, have suspended the strike action they were due to take for four days from April 11 in a dispute over working conditions, a trade union said on Friday.

Read more
5 Apr 2024 15:22

London close: Stocks finish lower as US payrolls top forecasts

(Sharecast News) - London markets closed lower on Friday amid a backdrop of heightened investor caution, following robust US job data for March, hawkish remarks from Federal Reserve officials, and escalating tensions in the Middle East.

Read more
28 Mar 2024 16:49

UK Border Force officers at Heathrow airport to take strike action

LONDON, March 28 (Reuters) - More than 600 UK Border Force officers at Heathrow Airport, Britain's busiest hub, will take strike action for four days from April 11 in a dispute over working conditions, the PCS trade union said on Thursday.

Read more
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.

Read more
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:

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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.

Read more
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.

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.