PYX Resources: Achieving volume and diversification milestones. 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: 177.60
Bid: 177.65
Ask: 177.75
Change: 0.65 (0.37%)
Spread: 0.10 (0.056%)
Open: 177.25
High: 179.35
Low: 176.60
Prev. Close: 176.95
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-Airbus wins Air France-KLM jet order in dramatic treble - sources

Thu, 16th Dec 2021 15:07

(Adds background)

By Tim Hepher and Eric M. Johnson

PARIS, Dec 16 (Reuters) - Airbus is set to complete
a rapid-fire trio of aircraft order wins at the expense of rival
Boeing on Thursday with a deal to supply all or most of a
requirement for dozens of narrowbody jets to Air France-KLM,
industry sources said.

Airbus has secured an order for A321 single-aisle jets from
Dutch subsidiary KLM, the sources said, confirming an advantage
first reported by Reuters last week, and is favoured to grab at
least one of two Transavia budget units, they said.

Neither planemaker agreed to comment.

Air France-KLM, whose KLM and Transavia units currently rely
on Boeing for narrowbody medium-haul jets, was not immediately
available for comment.

Air France-KLM is expected to announce results of the keenly
awaited contest later on Thursday, hours after Airbus seized a
deal to supply two tranches of aircraft to Australia's Qantas
in a defeat for existing supplier Boeing.

Shares in Europe's second-largest airline by fleet size
extended gains and were up 3% in afternoon trading.

The Franco-Dutch group launched a tender earlier this year
to renew and expand the medium-haul Boeing 737 fleet at KLM and
the French and Dutch operations of Transavia.

It has said the deal could involve a firm purchase of 80
aircraft with options for another 60-80 in what would be the
group's biggest single fleet transaction.

Factors weighing in Airbus's favour in recent months have
included a gradual thawing of relations between French and Dutch
arms of the airline group, which have different suppliers, and
tensions over recent Boeing 787 delays, industry sources say.

The Air France-KLM deal continues a buoyant week for Airbus
after Singapore Airlines threw its weight behind its
efforts to break Boeing's grip on the cargo plane market, with a
tentative order for seven new A350 freighters.

However, Boeing is ahead on firm orders so far this year, as
of the end of November, due to a sharp recovery in sales of the
737 MAX after it returned to service following a safety ban.

Boeing is expected to grab at least one more order before
end-year and appears ahead so far in a narrowbody contest run by
British Airways owner IAG, industry sources said.

Airlines are once again placing orders for jets as the
industry starts to map growth beyond the pandemic and take
advantage of lower fuel costs and emissions.
(Reporting by Tim Hepher, Eric M. Johnson; Editing by Kirsten
Donovan)

More News
14 May 2024 06:27

UK ministers, companies visit Saudi Arabia to boost trade ties

(Alliance News) - UK Cabinet ministers are visiting Saudi Arabia in a bid to bolster trade links with the kingdom amid reports that Riyadh authorised the use of lethal force to clear land for a new desert city.

Read more
13 May 2024 15:36

London close: Stocks take a breather after last week's surge

(Sharecast News) - London's stock markets ended the day in negative territory on Monday, with investors taking a breather following a six-day winning streak that propelled the FTSE 100 to a new all-time high.

Read more
13 May 2024 12:01

LONDON MARKET MIDDAY: Stocks flat as IPO chat brightens up subdued day

(Alliance News) - Stocks in London marked time on Monday, consolidating recent gains, ahead of a key week of US economic data.

Read more
13 May 2024 09:03

JPMorgan sees further upside at IAG despite recent rally

(Sharecast News) - British Airways owner IAG's stock was making gains on Monday following positive comments from JPMorgan, which said that earnings momentum should continue to take the shares higher.

Read more
10 May 2024 16:02

London close: Stocks rise further as UK exits recession

(Sharecast News) - London stocks finished the trading week on a positive note on Friday, driven by gains in the mining sector, following the release of data indicating the UK's exit from recession.

Read more
10 May 2024 14:17

IAG in talks to address Air Europa bid concerns

PARIS, May 10 (Reuters) - British Airways owner IAG said on Friday it is in talks with other airlines about ceding routes in order to address EU regulators' concerns that its bid for Air Europa may reduce competition and lead to price increases.

Read more
10 May 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 hits record high on BoE vote, UK GDP

(Alliance News) - Stock prices in London were up at midday on Friday, hitting a record high once again as investors reacted positively to a dovish Bank of England interest rates hold.

Read more
10 May 2024 09:28

TOP NEWS: Upbeat IAG buoyed by continued high demand for travel

(Alliance News) - British Airways-owner International Consolidated Airlines Group SA on Friday said it is well positioned for the key summer season as it reported a narrowed first-quarter loss.

Read more
10 May 2024 09:20

owner IAG projects strong summer after solid first quarter

IAG operating profit at 68 million in Q1, compared to 9 million last year

*

Read more
10 May 2024 09:03

LONDON MARKET OPEN: Stocks buoyed by dovish BoE hold and UK GDP growth

(Alliance News) - Stock prices in London opened up after a dovish Bank of England interest rates hold on Thursday.

Read more
10 May 2024 07:56

LONDON BRIEFING: FTSE 100 called up on BoE hold and UK economic growth

(Alliance News) - Stocks in London are set to open up on Friday after a dovish Bank of England interest rates hold on Thursday.

Read more
10 May 2024 07:04

IAG sees strong summer demand as Q1 profits take off

(Sharecast News) - British Airways owner IAG said it was "well positioned" for the summer after posting a huge rise in first quarter profit on the back of strong leisure travel demand, especially over the Easter holidays.

Read more
9 May 2024 15:21

London close: Stocks manage gains as BoE holds rates

(Sharecast News) - London markets closed on a positive note on Thursday, bolstered by the Bank of England's decision to maintain interest rates, in line with market expectations.

Read more
8 May 2024 16:54

LONDON MARKET CLOSE: Shares rise as eyes turn to Bank of England

(Alliance News) - Stock prices in London closed higher on Wednesday, with the FTSE 100 achieving another record high and markets in a confident mood ahead of Thursday's Bank of England decision.

Read more
8 May 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 hits record again ahead of BoE call

(Alliance News) - Stock prices in London were up at midday on Wednesday, with IAG and Informa leading FTSE 100 gains.

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.