If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them 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: 186.45
Bid: 185.95
Ask: 186.10
Change: 5.25 (2.90%)
Spread: 0.15 (0.081%)
Open: 181.95
High: 186.45
Low: 181.95
Prev. Close: 181.20
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 3-BA owner considers legal challenge to 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 12%
(Adds PM spokesman comment, details of Walsh's letter)

By Sarah Young

LONDON, June 5 (Reuters) - The owner of British Airways is
considering a legal challenge to Britain's quarantine plan, as
relations between airlines and the government are frayed by
steps to curb the coronavirus pandemic.

With planes around the world grounded since late March,
airlines had hoped to start flying from July. But Britain's
14-day quarantine, due to be introduced on June 8 for arrivals
from abroad, will hamper that recovery, say bosses.

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

Ryanair Group CEO Michael O'Leary has described the
plan as "useless" and a threat to the 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 airlines, IAG's British Airways (BA), easyJet
and Virgin Atlantic, have between them announced almost
20,000 job cuts to prepare for a smaller travel market after the
pandemic.

Relations between BA and the government have come under
increasing strain as the crisis has progressed.

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.

Walsh and the head of BA then declined to attend a meeting
with Britain's interior minister on Thursday to discuss
quarantine plans.

"Obviously we are disappointed they chose not to attend the
meeting," a spokesman for Prime Minister Boris Johnson said on
Friday.

Walsh wrote to lawmakers on Thursday defending BA's plans to
cut up to 12,000 jobs and explaining that, while not flying, BA
was burning through about 20 million pounds ($25 million) of
cash a day. He said he had not had any contact with transport
ministers since March 18.

Company chiefs and some lawmakers have questioned why the
quarantine plan is being brought in now when infection levels
across Europe 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
quarantines worked best for restricting travel from countries
with high infection rates.

There are hopes that some quarantine requirements could be
replaced with air bridges, or bi-lateral agreements between
Britain and other countries to allow unrestricted travel.

IAG shares were up 12% at 1319 GMT, as tourism-related
stocks gained on hopes the worst of the crisis is over.

($1 = 0.7883 pounds)
(Reporting by Sarah Young, additional reporting by Michael
Holden and William James; editing by Kate Holton and Mark
Potter)

More News
21 Jan 2024 18:15

Over 100 flights cancelled at Dublin airport due to storm

DUBLIN, Jan 21 (Reuters) - Airlines cancelled 102 flights in and out of Dublin airport on Sunday due to a storm that was forecast to rage for the rest of the day, the airport operator said.

Read more
17 Jan 2024 09:10

LONDON BROKER RATINGS: UBS cuts Shell, Admiral and M&G to 'neutral'

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

Read more
16 Jan 2024 17:01

IAG to offer remedies to EU for Air Europa deal

BRUSSELS, Jan 16 (Reuters) - British Airways owner IAG expects EU antitrust regulators to open a full-scale investigation into its plan to buy Spain's Air Europa and will offer remedies to address their concerns, IAG's chief executive said on Tuesday.

Read more
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

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.