Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. 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: 181.20
Bid: 181.95
Ask: 182.10
Change: -1.60 (-0.88%)
Spread: 0.15 (0.082%)
Open: 184.45
High: 186.00
Low: 181.20
Prev. Close: 182.80
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-UK PM Johnson says talks continue over support for airlines

Wed, 25th Mar 2020 13:37

* Johnson denies abandoning sector

* Letter to airlines suggested they would have to help
themselves

* London City Airport to close until April as airlines
struggle

* Pilot union: leaks from discussions with government
"unhelpful"
(Adds closure of London City Airport)

By Alistair Smout and Kylie MacLellan

LONDON, March 25 (Reuters) - Britain is continuing talks
with the aviation industry about how best to support the sector,
Prime Minister Boris Johnson and a pilots' union said on
Wednesday, reviving the prospect of a sector-specific support
package that had seemed to be on hold.

Finance minister Rishi Sunak had told airlines in a letter
on Tuesday that state investment to help them survive the
coronavirus crisis will only be considered once they have looked
at the possibility of raising capital from existing investors.

The letter appeared to freeze any prospect of a special
assistance package for aviation, which has been hard-hit by
curbs in travel.

But asked whether the government had abandoned the sector,
Johnson told parliament that discussions with the aviation
sector were ongoing, adding that airlines could also access loan
support schemes announced for businesses already.

"We have certainly not washed our hands of any sector of UK
business or industry. We are in regular contact with the
aviation sector, doing everything that we can to help," he told
lawmakers.

"There are ... contacts going on as we speak," he added.

UK airlines such as easyJet, IAG-owned
British Airways and Virgin Atlantic have almost no revenue
coming in after demand for air travel came to a standstill,
forcing them to ground hundreds of planes and putting thousands
of jobs and the future of the sector at risk.

London City Airport said it would suspend all commercial and
private flights from Wednesday evening until the end of April
following Britain's order that people should stay at home and
stop travelling.

"At this point in this fast-moving and unprecedented
situation, we think this is the responsible thing to do," it
said.

The British Airline Pilots Association (BALPA) said the
suggestion that the government would not provide financial
backing for airlines was misleading and that discussions about
unique measures for individual airlines were ongoing.

"It is unhelpful that correspondence is leaked out of the
context of discussions. It gives rise to the erroneous
conclusion that there is no chance of any government help for UK
airlines. I've said before that there is no 'one size fits all'
solution," BALPA General Secretary Brian Strutton said.

"The government will be looking at areas such as the
airline's financial state, whether it could raise the cash in
other ways, or if it's crucial to the UK transport system. These
deliberations still are ongoing so we should await the
outcomes."

(Editing by Kate Holton and Stephen Addison)

More News
12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

Read more
12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

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

Read more
5 Jan 2024 07:59

Ground staff at IAG-owned Iberia to strike from midnight

MADRID, Jan 4 (Reuters) - Ground staff at IAG-owned Iberia airlines will stage a four-day strike at Spanish airports from Friday, forcing the cancellation of hundreds of flights, after talks between unions and the company failed at a last-ditch meeting, the airline said.

Read more
21 Dec 2023 07:26

Ground service workers at Spain's Iberia postpone strike after New Year period

MADRID, Dec 21 (Reuters) - Unions for ground service workers at International Airlines Group-owned Iberia have postponed a strike at Spanish airports that was announced for the New Year period.

Read more
14 Dec 2023 13:32

Ground service workers at Spain's Iberia plan New Year strike

MADRID, Dec 14 (Reuters) - Unions for ground service workers at International Airlines Group-owned Iberia said on Thursday they plan to strike over the New Year period at Spanish airports.

Read more
14 Dec 2023 07:53

Spain airport ground service workers plan New Year strike, Iberia says

MADRID, Dec 14 (Reuters) - Labour unions representing ground service workers at Spanish airports plan to strike from late December into early January, Spain's Iberia, part of the International Airlines Group, said.

Read more
13 Dec 2023 14:22

Spanish airline Volotea to increase fleet to 45 jetliners in 2024

MADRID, Dec 13 (Reuters) - Spanish low-cost airline Volotea plans to increase its fleet to 45 commercial aircraft next year up from 41 now as it plans to expand its short- and medium- haul route network, a spokesperson said on Wednesday.

Read more
12 Dec 2023 17:16

Portugal's TAP expects slower but sound 2024 revenue growth, CEO says

LISBON, Dec 12 (Reuters) - Portugal's flag carrier TAP expects to deliver strong results again in 2024, though with more moderate revenue growth, which should maintain its attractiveness to potential buyers, CEO Luis Rodrigues said on Tuesday.

Read more
7 Dec 2023 16:59

LONDON MARKET CLOSE: Stocks mute as eyes turn to US jobs data

(Alliance News) - Stock prices across Europe were muted on Thursday, as investors cautiously eye the next set of US jobs data.

Read more
7 Dec 2023 15:03

London close: Stocks weaker as investors look to central banks

(Sharecast News) - London markets closed lower on Thursday as investors reacted to lacklustre Chinese trade data and the latest UK house price figures.

Read more
7 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks muted amid pre-US jobs data nerves

(Alliance News) - London's FTSE 100 was slightly lower early on Thursday afternoon, with the mood in global markets cautious as investors eagerly anticipate Friday's US jobs data.

Read more
7 Dec 2023 10:16

LONDON BROKER RATINGS: JPMorgan lowers IAG; Exane BNP cuts Vodafone

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

Read more
7 Dec 2023 10:10

JP Morgan cuts IAG to 'underweight'

(Sharecast News) - Analysts at JP Morgan downgraded British Airways parent company International Consolidated Airlines Group from 'neutral' to 'underweight' on Thursday as it turned "more cautious" on the sector.

Read more
7 Dec 2023 08:09

LONDON BRIEFING: Frasers confident; DS Smith profit down, CEO to leave

(Alliance News) - London's FTSE 100 made a slow start on Thursday, after equities in Asia struggled following Chinese trade data which failed to soothe growth worries about the world's second-largest economy.

Read more
28 Nov 2023 16:54

LONDON MARKET CLOSE: European stocks perk up but end day mixed

(Alliance News) - European equities closed off session lows during a mixed day on Tuesday, while stocks in New York went into the afternoon in the green, as comments from Federal Reserve officials cemented expectations that the US central bank has already enacted its last hike of the cycle.

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.