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Share Price Information for International Airlines (IAG)

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Share Price: 163.50
Bid: 163.70
Ask: 163.80
Change: -3.55 (-2.13%)
Spread: 0.10 (0.061%)
Open: 167.15
High: 167.15
Low: 162.85
Prev. Close: 167.05
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UPDATE 2-Britain's embattled aviation industry demands alternative to quarantine

Mon, 11th May 2020 08:06

* UK set to introduce quarantine on international arrivals

* 14-day quarantine seen introduced at end of the month

* Aviation industry warns will need more government help
(Adds detail, background, Manchester airports boss comment)

By Sarah Young

LONDON, May 11 (Reuters) - Britain's aviation industry
called on the government to find an alternative to quarantine
plans for international arrivals, or risk seeing airlines and
airports being dealt a fatal blow from the coronavirus pandemic.

Prime Minister Boris Johnson said on Sunday a quarantine
would soon be needed for people coming into the country by air
to prevent a second peak of the virus outbreak.

The new rules, which airlines have been told will be a
14-day quarantine period for most people arriving from abroad,
will deter travelling and destroy any hopes of a swift recovery
for an industry in crisis, said aviation bosses.

Airlines are already facing a battle to survive, with most
flights grounded since March due to travel restrictions to
contain the pandemic.

Heathrow Airport, which during normal times is Europe's
busiest airport but which saw passenger numbers plunge 97% in
April, called for common international standards to enable
passengers to travel freely between low risk counties once the
virus is under control.

That would allow borders to be re-opened, it said.

Meanwhile, easyJet, one of Britain's biggest
airlines, said any quarantine requirements must be short-lived
and replaced by a targeted regime allowing low-risk passengers
to travel easily.

MORE HELP

Airlines UK, which represents British Airways,
easyJet and other UK carriers, said quarantine measures would
lead to the industry requiring additional government support.

The industry body has already asked for Britain's job
retention scheme to be extended beyond June, and requested a
temporary suspension of some taxes airlines pay, such as air
passenger duty.

Bosses complained there was lack of clarity over how long
the new rules would last and how often they would be reviewed.

"It's inevitable that consumers will be confused by the
message, they will not be certain as to when they should book
their holidays," Manchester Airports Group Chief Executive
Charlie Cornish told BBC television.

Some destinations will be at an advantage, as travellers
from France will be exempt from the quarantine rules, while
airlines said the new rules wouldn't be applied to arrivals from
Ireland.

Britain's foreign minister Dominic Raab told BBC Radio there
would be exemptions from the rules but did not give details. He
said the government was aiming to bring in the quarantine from
the end of the month.

Critics have asked why it was not brought in sooner and how
it will be put into practise, given passengers could fly to
France and then cross into Britain via ferry or train.

Willie Walsh, the boss of British Airways parent company
IAG, is likely to comment on the new rules when he gives
evidence to parliament's transport committee later on Monday.
(Reporting by Sarah Young; editing by James Davey and Mark
Potter)

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26 May 2023 07:57

LONDON BRIEFING: UK retail sales up; Hunt "comfortable" with recession

(Alliance News) - Stocks in London are expected to kick off the final trading day of a fraught week with a minor gain, though US debt ceiling uncertainty continues to temper sentiment.

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26 May 2023 07:00

Soaring airline customer complaints push global legislators to act

LONDON/MONTREAL, May 26 (Reuters) - Nikoleta Dodova is among a growing number of dissatisfied airline customers. Having bought her mother and niece airline tickets from Sweden to Macedonia last year, their flight was cancelled and they ended up at an airport over two hours away. She is still waiting for compensation.

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26 May 2023 06:01

IT issue causes mass cancellation of British Airways Heathrow flights

(Alliance News) - International Consolidated Airlines PLC's British Airways has apologised after an IT issue caused the cancellations of domestic and European flights on Thursday, as Britain heads into the Bank Holiday weekend.

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19 May 2023 09:34

Dublin Airport to lower charges for more fuel-efficient airlines

DUBLIN, May 19 (Reuters) - Dublin Airport plans to cut runway charges by 25% for airlines that operate planes with lower emissions, the Dublin Airport Authority (DAA) said on Friday.

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18 May 2023 08:10

UK's easyJet confident as summer demand ramps up

Sees Q3 revenue per seat up 20% on last year

*

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11 May 2023 09:45

LONDON BROKER RATINGS: Asos targets cut; Jefferies ups Diploma to buy

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

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10 May 2023 11:20

UK's Virgin Atlantic says bumper bookings eclipsed by rising costs

2022 revenue 2.9 bln stg, 98% of 2019 levels

*

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9 May 2023 17:27

UK stocks slide ahead of U.S. inflation data, BoE meet

IAG closes at over a two-month high

*

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9 May 2023 13:45

Liberum reiterates 'buy' on IAG, lifts price target

(Sharecast News) - Liberum reiterated its 'buy' recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

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9 May 2023 07:52

Broker tips: IAG, Intertek

(Sharecast News) - Liberum reiterated its 'buy' recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

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5 May 2023 17:03

LONDON MARKET CLOSE: Surprise US jobs report lifts market mood

(Alliance News) - Stocks in London were higher at the close on Friday, ahead of a long bank holiday weekend, as the latest US jobs report made a recession across the Atlantic appear less likely.

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5 May 2023 12:08

LONDON MARKET MIDDAY: Stocks pare weekly losses ahead of US nonfarms

(Alliance News) - Stock prices in London were higher at midday on Friday, a better end to a nervy week for equities, with investors digesting central bank decisions and an ongoing crisis in the US regional banking sector.

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5 May 2023 09:42

European airlines see strong summer bookings, hope to avert chaos

IAG first-quarter results better than expected

*

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5 May 2023 09:10

TOP NEWS: IAG loss narrows, revenue up as capacity recovers from Covid

(Alliance News) - International Consolidated Airlines Group SA on Friday reported its first quarter narrowed alongside strong revenue as Iberia delivered its "best ever" quarterly performance, while noting capacity recovering towards pre-pandemic levels.

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