Firering Strategic Minerals: From explorer to producer. 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: 170.05
Bid: 170.30
Ask: 170.45
Change: 2.00 (1.19%)
Spread: 0.15 (0.088%)
Open: 167.45
High: 171.00
Low: 167.45
Prev. Close: 168.05
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-BA owner considering legal challenge on UK quarantine as relations fray

Fri, 05th Jun 2020 10:34

* IAG boss Walsh says looking at legal action

* Says govt did not consult industry over new legislation

* Relations between BA and govt strained under COVID

* IAG shares up 8%
(Adds detail, background)

By Sarah Young

LONDON, June 5 (Reuters) - The owner of British Airways is
considering launching a legal challenge against the UK's looming
quarantine plan, in the latest sign of a breakdown in relations
between airlines and the government over the coronavirus
pandemic.

With planes grounded since late March, airlines had hoped to
start flying and earning revenues again from July, but Britain's
14-day quarantine rule to be introduced on June 8 for arrivals
from abroad will hamper that recovery, say bosses.

Willie Walsh, the chief executive of IAG, said
industry had not been consulted on the quarantine rule and he
expected other airlines to consider their legal options too.

Ryanair Group Chief Executive Michael O'Leary has described
the plan as "useless and ineffective" and a threat to the
broader tourism industry, while Walsh said it would torpedo any
return to flying in July.

"We think it is irrational, we think it is disproportionate
and we are giving consideration to a legal challenge to this
legislation," he told Sky News on Friday.

Britain's big carriers, BA, easyJet and Virgin Atlantic,
have between them announced almost 20,000 job cuts to prepare
for a smaller travel market post-COVID-19.

Relations between BA and the government have come under
increasing strain as the crisis has progressed, with both sides
making threats.

A junior transport minister agreed with a lawmaker on
Wednesday who said BA should "pay a price" for putting thousands
of staff on notice of redundancy while accessing the
government's salary support scheme.

IAG's Walsh and the head of British Airways then declined to
attend a meeting with the UK interior minister on Thursday to
discuss quarantine plans.

The plan has been criticised by bosses from tourism,
hospitality and leisure industries, and by some of the
government's own lawmakers who question why it is being brought
in now when infection levels across many European countries are
much lower than they were months ago.

The government's chief scientific adviser Patrick Vallance
said on Wednesday that politicians decided the policy, adding
that quarantines worked best for restricting travel from
countries with high infection rates.

Shares in IAG rose 8% in morning trading amid a
rally in holiday-linked stocks on hopes that the worst of the
crisis is over.

(Reporting by Sarah Young and Michael Holden; editing by Kate
Holton)

More News
13 Apr 2023 09:48

LONDON BROKER RATINGS: HSBC lifts housebuilders; Peel cuts Britvic

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

Read more
12 Apr 2023 16:54

LONDON MARKET CLOSE: Stocks in the green as US inflation rate cools

(Alliance News) - Stocks in London closed higher on Wednesday as the US inflation rate continued to cool, providing investors with some hope that the cycle of rate hikes may soon be at an end.

Read more
3 Apr 2023 13:07

Oil prices, oil stocks surge on OPEC+ move

*

Read more
3 Apr 2023 10:10

Oil prices surge, Fed rate path in question again

Asian stock markets : https://tmsnrt.rs/2zpUAr4

*

Read more
31 Mar 2023 14:12

With strict targets looming, European aviation races to make green fuel

CARTAGENA, Spain/LEEDS, England, March 29 (Reuters) - E nergy giant Repsol has bought into Europe's drive for green jet fuel, but believes the 200 million euro ($217 million) plant it is building in southeast Spain faces a bumpier ride than if it was on the other side of the Atlantic.

Read more
31 Mar 2023 14:12

With strict targets looming, European aviation races to make green fuel

CARTAGENA, Spain/LEEDS, England, March 29 (Reuters) - E nergy giant Repsol has bought into Europe's drive for green jet fuel, but believes the 200 million euro ($217 million) plant it is building in southeast Spain faces a bumpier ride than if it was on the other side of the Atlantic.

Read more
31 Mar 2023 12:15

LONDON MARKET MIDDAY: Shares climb ahead of key US inflation gauge

(Alliance News) - European markets were on the rise early Friday afternoon after eurozone inflation data failed to spring any negative surprise.

Read more
31 Mar 2023 11:12

Britvic hires British Airways CFO Rebecca Napier as new finance chief

(Alliance News) - Britvic PLC on Friday said it has appointed British Airway's Rebecca Napier as its new chief financial officer and executive director.

Read more
31 Mar 2023 10:01

LONDON BROKER RATINGS: UBS likes Beazley; Berenberg cuts Wood Group

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

Read more
31 Mar 2023 09:13

LONDON MARKET OPEN: UK avoids recession; NCC slumps on profit warning

(Alliance News) - Stocks in London saw a muted open on Friday, but the FTSE 100 index remained on course to finish a tumultuous first quarter of 2023 in the green.

Read more
31 Mar 2023 07:56

LONDON BRIEFING: UK avoids recession in 2022; house prices down 3%

(Alliance News) - Stocks in London were called to open flat on Friday, amid better-than-expected UK GDP figures.

Read more
28 Mar 2023 12:06

LONDON MARKET MIDDAY: Europe edges higher as banking stress easing

(Alliance News) - Blue-chip shares in Europe drifted off session highs but still were in the green heading into Tuesday afternoon, amid hope that a threatened global banking crisis is being kept in check.

Read more
28 Mar 2023 09:37

LONDON BROKER RATINGS: Numis likes WH Smith; Liberum cuts Centamin

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

Read more
28 Mar 2023 07:56

LONDON BRIEFING: Diageo CEO to retire; UK shop inflation hits record

(Alliance News) - Stocks in London were set for a higher open on Tuesday, with investors feeling cautiously optimistic as the dust settles from the recent turmoil in the banking sector.

Read more
27 Mar 2023 20:38

IAG's BA cancels flights during Easter as airport guards strike

(Alliance News) - International Consolidated Airlines Group SA's British Airways will cancel around 32 flights per day to and from Heathrow over the Easter weekend due to a strike by security guards at the airport.

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.