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: 177.40
Bid: 177.75
Ask: 177.85
Change: -1.25 (-0.70%)
Spread: 0.10 (0.056%)
Open: 183.05
High: 184.50
Low: 173.90
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

UPDATE 1-UK's Gatwick Airport sees travel boost from new testing rules

Fri, 27th Nov 2020 13:35

* CEO says flights at about 100 per day from mid-Dec

* Says new shorter quarantine rule boosting travel

* Sees strong summer next year

* Says Wizz, Ryanair keen to grow at Gatwick
(Adds detail, background, more comments)

By Sarah Young

GATWICK AIRPORT, England, Nov 27 (Reuters) - The boss of
Britain's Gatwick Airport said the introduction of shorter
quarantine times from mid-December was boosting travel, and that
the combination of testing and a COVID-19 vaccine means he is
optimistic holidays can restart next year.

Gatwick, Britain's second busiest airport, is opening a new
COVID-19 testing facility on Monday, offering passengers
discounted tests. CEO Stewart Wingate hopes by making it easier
and cheaper to get a test, more people will travel.

From mid-December, travellers arriving in England will have
to quarantine for five days instead of 14 if they have a
negative test, a rule change which Wingate said is helping.

"We are seeing already an uptick in flights, so we should
expect to see about 100 flights per day by the time we get to
the middle of December, and across the Christmas period," he
told Reuters in an interview.

The pandemic has battered the aviation industry, leaving
Gatwick particularly exposed as airlines such as British Airways
and Virgin Atlantic have prioritised flights from
Heathrow, Britain's no.1 airport to the west of London.

During England's latest lockdown in November, Gatwick,
easyJet's biggest base, had about four flights a day, a
startling drop from 600 flights a day this time last year. Some
of Gatwick's airlines, such as Norwegian, are fighting for
survival.

Wingate, who has had to axe 45% of Gatwick's staff during
the pandemic, forecast a travel recovery next summer, when he
expected the airport's airlines to be flying between 60% and 70%
of their 2019 capacity.

"I expect once the vaccinations roll out and the testing is
rolled out, we should expect to see quite a strong performance
in the market next summer," he said.

The testing site in a long-stay car park at Gatwick will
initially be able to test up to 500 people per day, but this
could be ramped up to 2,000 a day, and then 4,000 a day given
sufficient demand, according to testing company ExpressTest.

Wingate said demand for tests at the site was "strong" and
he hoped ExpressTest would roll out more sites. They will cost
Gatwick passengers 60 pounds ($80), and anyone else 100 pounds.

Wingate said Gatwick, 30 miles south of London, also
remained attractive to airlines. Hungarian airline Wizz Air
has publicly said it wants to expand at Gatwick, and
Wingate said others did too.

"Ryanair are quite keen to grow as well at the airport," he
said.

($1 = 0.7500 pounds)
(Reporting by Sarah Young; Editing by Kate Holton and Jan
Harvey)

More News
7 Dec 2023 10:16

LONDON BROKER RATINGS: JPMorgan lowers IAG; Exane BNP cuts Vodafone

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

Read more
7 Dec 2023 10:10

JP Morgan cuts IAG to 'underweight'

(Sharecast News) - Analysts at JP Morgan downgraded British Airways parent company International Consolidated Airlines Group from 'neutral' to 'underweight' on Thursday as it turned "more cautious" on the sector.

Read more
7 Dec 2023 08:09

LONDON BRIEFING: Frasers confident; DS Smith profit down, CEO to leave

(Alliance News) - London's FTSE 100 made a slow start on Thursday, after equities in Asia struggled following Chinese trade data which failed to soothe growth worries about the world's second-largest economy.

Read more
28 Nov 2023 16:54

LONDON MARKET CLOSE: European stocks perk up but end day mixed

(Alliance News) - European equities closed off session lows during a mixed day on Tuesday, while stocks in New York went into the afternoon in the green, as comments from Federal Reserve officials cemented expectations that the US central bank has already enacted its last hike of the cycle.

Read more
22 Nov 2023 14:41

Aurrigo inks USD290,000 deal with IAG for Cincinnati airport in US

(Alliance News) - Aurrigo International PLC on Wednesday said that it has signed an agreement with International Consolidated Airlines Group SA for the deployment and demonstration of its autonomous aviation solutions.

Read more
21 Nov 2023 15:19

London close: Stocks slip ahead of FOMC minutes, Autumn Statement

(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.

Read more
21 Nov 2023 09:57

IN BRIEF: International Consolidated Airlines seeks to restore payouts

International Consolidated Airlines Group SA - Madrid-based owner of British Airways, Iberia, Vueling and Aer Lingus - Hosts capital markets day for institutional investors and analysts on Tuesday, saying its 2023 outlook remains unchanged. "We expect 2023 to be a year of strong recovery in our margins, operating profit and balance sheet and towards pre-Covid-19 levels of capacity," the company had said with its third-quarter results back in October.

Read more
21 Nov 2023 09:20

IAG reiterates commitment to resuming dividends

(Sharecast News) - British Airways owner IAG on Tuesday set out its medium-term targets and pledged its commitment to resume paying dividends once its balance sheet and investment plans are "secure".

Read more
17 Nov 2023 13:59

British Airways' green fuel project wins UK government backing

(Alliance News) - A partnership involving International Consolidated Airlines Group SA's British Airways to develop lower carbon aviation fuels has secured a share of new UK government funding.

Read more
15 Nov 2023 09:41

LONDON BROKER RATINGS: Deutsche likes Compass; Numis cuts Elementis

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

Read more
6 Nov 2023 16:59

LONDON MARKET CLOSE: Stocks fail to shine despite dovish sentiment

(Alliance News) - Stock prices in London closed mixed on Monday, whilst US markets opened higher, with investors continuing to digest hopes that interest rates have peaked.

Read more
6 Nov 2023 12:04

LONDON MARKET MIDDAY: Tepid start to new week as investors take stock

(Alliance News) - London's FTSE 100 drifted marginally lower heading into Monday afternoon in uncertain trade as investors reassess the near-term outlook for equity markets after a bullish week for stocks last week.

Read more
30 Oct 2023 09:40

LONDON BROKER RATINGS: Jefferies cuts NatWest to underperform from buy

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

Read more
27 Oct 2023 17:08

LONDON MARKET CLOSE: Poorly-received earnings weigh on European stocks

(Alliance News) - Stock prices in London closed mixed on Friday, hurt by share price falls for the banking sector, while investors also digested underwhelming earnings elsewhere and a US inflationary reading.

Read more
27 Oct 2023 12:06

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

(Alliance News) - Stock prices in London were up at midday on Friday, as the FTSE 100 was led higher by oil majors, tracking a rise in the Brent price.

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.