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Share Price Information for International Airlines (IAG)

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Share Price: 168.15
Bid: 168.05
Ask: 168.20
Change: -5.55 (-3.20%)
Spread: 0.15 (0.089%)
Open: 169.85
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Low: 167.45
Prev. Close: 173.70
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UPDATE 2-Britain urgently reviewing distancing rules, could ease quarantine

Sun, 14th Jun 2020 10:02

* UK looking at changes to 2-metre social distance rule

* Travel quarantine changes under consideration

* Hospitality sector might reopen in early July

* Too early to cut VAT tax
(Adds details on travel quarantine, stimulus options)

By William Schomberg and Paul Sandle

LONDON, June 14 (Reuters) - Britain is urgently reviewing
its social distancing rule and might be able to relax quarantine
for travellers to help its economy recover from a coronavirus
crisis collapse, the country's finance minister Rishi Sunak
said.

Progress in tackling the coronavirus pandemic meant Britain
was able to take a "fresh look" at the two-metre rule, which
many employers have said will make it harder to get back up to
speed after the lockdown, Sunak said on Sunday.

Prime Minister Boris Johnson's government, which says it has
always followed scientific advice in its handling of the
pandemic, faces the difficult balancing act of reviving the
economy without allowing a second wave of coronavirus cases.

Britain has the third highest number of coronavirus deaths
after the United States and Brazil, something critics of the
government say reflects its response to the crisis.

"It's important that we look at it comprehensively, in the
round, and that's what we will do urgently," Sunak told Sky News
about the social distancing rule, adding that preliminary work
had already begun.

Reducing the distance people must keep apart from each other
would mean three quarters of pubs could reopen, rather than
about one third with a two-metre rule.

Sunak also said the government could make changes to a
14-day quarantine for people coming into the country, such as
the introduction of travel corridors with specific countries.

Airlines have warned of huge job losses because of the
quarantine introduced last week.

"The transport secretary is actively looking at options as
we continue to make progress against the virus. We might be able
to do more here as well," Sunak said.

Sunak said he would reopen the economy "slowly and safely",
starting with the retail sector this week, and he hoped the
hospitality sector would follow in early July.

The scale of the economic slump was laid bare by data last
week which showed output shrank by a quarter over March and
April, but the focus was now on the recovery phase.

Sunak said he wanted to encourage companies to hire workers
and there needed to be more skills training, while higher levels
of household savings represented a positive for the economy.

Asked if he might cut value-added tax to spur spending,
Sunak said it was something Britain had done previously.

"Before we have that conversation we need to actually reopen
those sectors. There's no point in cutting VAT on a sector that
is actually closed," he said.
(Writing by William Schomberg
Editing by Paul Sandle and Alexander Smith)

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Around 1,500 flights cancelled on Monday

*

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29 Aug 2023 13:44

UK government orders review into air traffic control chaos

(Alliance News) - The UK government on Tuesday ordered a review after the country's air traffic control system suffered its worst disruption in almost ten years, stranding thousands of passengers.  

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29 Aug 2023 07:45

UK air travel disruption to last for days -minister

LONDON, Aug 29 (Reuters) - British transport minister Mark Harper said it would take days to resolve the widespread disruption to flights into and out of the country after air traffic control systems were hit by a technical problem.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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