Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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: 172.50
Bid: 172.45
Ask: 172.60
Change: 0.50 (0.29%)
Spread: 0.15 (0.087%)
Open: 171.55
High: 173.20
Low: 170.40
Prev. Close: 172.00
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 2-Air France joins China exodus as virus unnerves cabin crew

Thu, 30th Jan 2020 13:15

* Air France suspends China flights until Feb. 9 as virus
spreads

* Follows airlines such as British Airways, Lufthansa

* Airlines still flying to China cut layover times
(Adds details, comment, background)

By Laurence Frost, Aradhana Aravindan and Chayut
Setboonsarng

PARIS/SINGAPORE/BANGKOK, Jan 30 (Reuters) - Air France
became the latest major airline to suspend flights to
China, as cabin crews around the world voiced growing unease
about their exposure to the coronavirus, which has killed more
than 170 people and continues to spread.

The decision by Air France came amid mounting pressure from
cabin crew unions, who had demanded an immediate halt to the
carrier's Beijing and Shanghai flights ahead of a Thursday works
council meeting, staff representatives told Reuters.

Scheduled flights to mainland China have been suspended
until Feb. 9 "after careful consideration of the developing
situation", the airline said. "Air France's top priority is the
health and safety of its customers and employees."

Air France joins airlines including British Airways
and Germany's Lufthansa that have already dropped
mainland Chinese destinations besides Wuhan, the outbreak's
centre, which is closed to commercial air traffic. But other
major carriers have kept flying to China.

Protective masks and shorter layovers designed to reduce
exposure have done little to reassure crews on those routes.

Thai Airways is also hosing its cabins with
disinfectant spray between China flights and allowing crew to
wear masks and gloves.

"I don't think it's safe at all even with gloves and masks,
because you catch it so many ways, like your eyes," said one
flight attendant with the carrier, who spoke on condition of
anonymity.

"My friends also feel unsafe and don't want to fly," she
said. "When we fly, we don't sleep a lot."

Airlines still flying to China that have reduced layovers
include Virgin Atlantic. Its staff layover times have been
halved and will be spent in airport hotels, the UK's Unite union
said. Delta Air Lines is operating fewer China flights
and shorter layovers, with food deliveries so crew can stay
bunkered in their hotel.

Korean Air Lines Co Ltd and Singapore Airlines
are sending additional crew to fly each plane straight
back, avoiding overnight stays altogether.

"Most of us would not want to stay in China at the current
moment," said a Singapore pilot who welcomed the policy. The
airline declined to comment on the details.

The South Korean carrier also said on Thursday it was
loading hazmat suits for flight attendants who might need to
take care of suspected coronavirus cases in the air.

REPATRIATING FRENCH NATIONALS

The outbreak poses the biggest epidemic threat to the
airline industry since the 2003 SARS crisis, which led to a 45%
plunge in passenger demand in Asia at its peak in April of that
year, analysts said.

Air France, which had maintained China flights throughout
the SARS epidemic, faced growing pressure to suspend its flights
in recent days.

"When the staff see that other airlines have stopped flying
there, their reaction is 'Why are we still going?'," said Flore
Arrighi, president of UNAC, one of the airline's four main
flight attendants' unions.

The airline still plans to fly special services to China
with volunteer crews to help repatriate French nationals
stranded by the health crisis.

The spectrum of measures taken by different airlines
underlines how little is known about coronavirus transmission
and how to prevent it.

Cathay Pacific has cut hot towels, blankets and
magazines from its China flights in case they spread the virus.

British Airways crews still flying to Hong Kong are wearing
gloves to hand out towels, according to one pilot who returned
recently from the city and said colleagues were unfazed.

"The crew weren't really using their masks, although they
were given three each for the flight," he said.

(For a factbox on airlines suspending China flights, click
on)
(Reporting by Laurence Frost, Aradhana Aravindan and Chayut
Setboonsarng; Additional reporting by Caroline Pailliez in
Paris, Josephine Mason in London, John Geddie in Singapore, Panu
Wongcha-um in Bangkok, Tracy Rucinski in Chicago, Jamie Freed in
Sydney and Joyce Lee in Seoul; Writing by Jamie Freed;
Editing by Sudip Kar-Gupta/ Timothy Heritage/Susan Fenton)

More News
7 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks muted amid pre-US jobs data nerves

(Alliance News) - London's FTSE 100 was slightly lower early on Thursday afternoon, with the mood in global markets cautious as investors eagerly anticipate Friday's US jobs data.

Read more
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

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.