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: 178.65
Bid: 178.70
Ask: 178.80
Change: 0.35 (0.20%)
Spread: 0.10 (0.056%)
Open: 178.75
High: 181.20
Low: 177.50
Prev. Close: 178.30
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-Airline CEOs call for summit to speed relaunch of UK-US travel

Tue, 11th May 2021 15:52

(Adds research report, USDOT comment)

By David Shepardson

WASHINGTON, May 12 (Reuters) - Bosses of major U.S. and UK
airlines called on Tuesday for a summit between the two
governments to speed the reopening of transatlantic travel,
still paralyzed even though the countries have among the world's
highest COVID-19 vaccination rates.

"The airline industry needs adequate lead time to establish
a plan for restarting air services, including scheduling
aircraft and crews for these routes as well as for marketing and
selling tickets," said the letter to the transport chiefs of
both countries.

It was signed by the CEOs of American Airlines,
Delta Air Lines, United Airlines, British
Airways, Virgin Atlantic and JetBlue Airways.

Flights between the United States and Britain, normally some
of the world's busiest international long-haul routes, are still
largely stalled even as both countries are loosening COVID-19
restrictions and travelers are making summer holiday plans.
Britain has administered the most vaccine doses per capita of
any big country, and the United States is close behind.

MANAGING RISK

Willie Walsh, the former British Airways boss who now heads
global airline body IATA, voiced exasperation over what he
described as a failure by governments to "manage the net risk"
proportionately.

"You see some politicians just afraid to make decisions
because they're afraid of the consequences, whereas (in) the
airline industry we live with that all the time," Walsh said at
a virtual event on Wednesday. "Sometimes it's necessary for us
to be vocal and try to force that approach upon people."

Since March 2020, the United States has barred nearly all
non-U.S. citizens who have recently been in Britain. For its own
citizens, the U.S. State Department on Monday eased its UK
travel advisory, lowering it to a "Level 3: Reconsider Travel"
rating.

Britain requires visitors from the United States to
quarantine on arrival. Next week it is set to lift a nearly
five-month ban on most international travel by its own
residents, but it has so far excluded the United States from a
small "green list" of destinations where British passengers can
travel for leisure and return without a quarantine.

A spokesman for U.S. Transportation Secretary Pete Buttigieg
noted that G7 Transport Ministers met last week "to discuss the
complexities around reopening international travel and how to do
so safely.

"These conversations are ongoing. The department will be
reviewing the letter with other agencies as part of the whole of
government approach to COVID recovery."

The British Embassy in Washington did not immediately
comment.

A coalition of U.S. and European travel, airline, union,
business and airport groups called last week for a full
reopening of the U.S.-UK air travel market "as soon as safely
possible."

Investment bank Cowen and Co said in a research note it
believes "the Biden Administration needs to make a decision
about international travel within the next week to 10 days...

"Americans are making their summer travel plans now, and
without a decision on Europe soon, we believe they will continue
to travel" to other destinations.

Travel firm TUI said on Wednesday it still expects a strong
2021 travel season, assuming some of its best destinations are
added to Britain's "green list" later this month.
(Reporting by David Shepardson
Editing by Chizu Nomiyama, Carmel Crimmins and Peter Graff)

More News
29 Aug 2023 05:51

Travel disruption could last days after UK air traffic control fault

(Alliance News) - Travel disruption could last for days after flights were cancelled leaving thousands of passengers stranded following an air traffic control technical fault.

Read more
28 Aug 2023 20:14

UK air traffic issue fixed but flight disruption to continue

LONDON, Aug 28 (Reuters) - Britain's National Air Traffic Service (NATS) was hit by a technical problem for several hours on Monday, causing widespread disruption to flights in UK airspace that it said would continue for some time even though the issue was fixed.

Read more
28 Aug 2023 19:18

UPDATE: Dozens of flights cancelled after UK air traffic control fault

(Alliance News) - Hundreds of flights to and from the UK are estimated to have been cancelled this bank holiday, leaving passengers stranded, after an air traffic control failure.

Read more
28 Aug 2023 13:42

Airlines warn of delays as UK airspace hit by technical fault

(Alliance News) - Air passengers have been warned they face delays after UK air traffic control systems were hit by a technical fault.

Read more
28 Aug 2023 13:09

UK airspace hit by technical fault - National Air Traffic Services

(Alliance News) - UK airspace has been hit by a technical fault, the country's leading provider of air traffic control services said.

Read more
9 Aug 2023 15:32

Rising prices for travel yet to curb wanderlust

LONDON/CHICAGO/NEW YORK, Aug 9 (Reuters) - The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.

Read more
9 Aug 2023 12:37

Rising prices for travel do not appear to be curbing wanderlust

LONDON/CHICAGO/NEW YORK, Aug 9 (Reuters) - The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.

Read more
9 Aug 2023 10:09

Irish court pauses order for Dublin Airport to limit flights

DUBLIN, Aug 9 (Reuters) - Ireland's High Court has paused a local council order that would have forced Dublin Airport to limit daily flights between the hours of 11 p.m. and 7 a.m. from next month pending a full hearing on the matter.

Read more
9 Aug 2023 05:01

Rising prices for travel do not appear to be curbing wanderlust

LONDON/CHICAGO/NEW YORK, Aug 9 (Reuters) - The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.

Read more
7 Aug 2023 13:09

Carriers face longer Africa flights, suspensions as Niger closes airspace

LONDON/GDANSK, Aug 7 (Reuters) - European carriers on Monday reported disruptions and suspended flights across the African continent after Niger's junta closed its airspace on Sunday.

Read more
5 Aug 2023 11:12

PRESS: IAG agree 13% pay rise for 24,000 staff - Financial Times

(Alliance News) - The Financial Times on Friday reported that International Consolidated Airlines Group SA has agreed a 13% pay rise for 24,000 staff.

Read more
3 Aug 2023 12:00

Sluggish return of business travelers forces US airlines to rejig their networks

CHICAGO, Aug 3 (Reuters) - U.S. airlines are enjoying strong leisure travel demand, but corporate travelers are still not back in full force, compelling airlines to restructure their networks to account for fewer people flying for business purposes.

Read more
3 Aug 2023 11:43

Holiday travel boom here to stay, says Lufthansa

BERLIN, Aug 3 (Reuters) - The boom in holiday travel shows no signs of ending, German airline group Lufthansa said on Thursday, as advance bookings for this winter and next year were already a double-digit percentage above the year-earlier level.

Read more
3 Aug 2023 10:25

Lufthansa bolstered by leisure travel demand, but costs bite

Lufthansa sees 2023 adj EBIT at more than 2.6 bln euros

*

Read more
3 Aug 2023 09:31

LONDON BROKER RATINGS: Berenberg raises Hochschild Mining to 'buy'

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

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.