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Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
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Share Price: 178.65
Bid: 178.70
Ask: 178.80
Change: 0.35 (0.20%)
Spread: 0.10 (0.056%)
Open: 178.75
High: 181.20
Low: 177.50
Prev. Close: 178.30
IAG Live PriceLast checked at -

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UPDATE 3-British Airways, Iberia suspend direct flights to mainland China amid virus fears

Wed, 29th Jan 2020 07:14

(Adds Iberia suspending flights to China)

LONDON, Jan 29 (Reuters) - British Airways has
suspended all direct flights to and from mainland China, one of
the biggest names in aviation to do so, as worries grow about
the impact of the spreading coronavirus on global travel.

BA.com, the airline's website, shows no direct flights to
mainland China are available to book in January or February, but
the airline said in an email that the cancellations were in
effect until Jan. 31 while it assesses the situation.

Direct flights to the Chinese-ruled autonomous region of
Hong Kong were unaffected.

Iberia, part of the IAG group along with BA, said on
Wednesday it was temporarily suspending all flights to Shanghai,
its only mainland Chinese destination, "because of coronavirus".

BA's move followed some flight cancellations to China by
U.S. airline United Airlines Holdings Inc, which blamed
a sharp fall in demand.

Fears over the spread of the flu-like virus, which
originated in the central city of Wuhan, are growing as the
death toll rose to 132 and countries warned their citizens over
travel to China.

Britain's Foreign Office on Tuesday advised against "all but
essential" travel to mainland China due to the coronavirus
outbreak.

BA said customers due to travel to or from China in the
coming days could find out more on its website.

"We apologise to customers for the inconvenience, but the
safety of our customers and crew is always our priority," BA
said in an emailed statement on Wednesday.

UK-based airline Virgin Atlantic said its flights to
Shanghai would continue to operate as scheduled.

British Airways usually flies daily between London's
Heathrow airport and both Beijing and Shanghai.

The temporary suspension of flights comes days after BA had
offered passengers the chance to cancel or rebook tickets to
China during February, a move which could have resulted in its
large long-haul jets flying half empty.

Iberia's suspension, which will last throughout February,
will come into force from Friday, when its next Madrid-Shanghai
flight had been due to fly.

According to analysts, IAG, the group which owns BA
and Iberia, is less exposed to the Asia-Pacific region on a
capacity basis compared to rival European airlines like Air
France-KLM and Lufthansa.

Asia Pacific accounts for about 19% of both Air France-KLM
and Lufthansa's available seat kilometres and 8% of IAG's in
2019, Goodbody analysts said.

(Reporting by Sarah Young, additional reporting by Jessica
Jones in Madrid; editing by Kate Holton and Nick Macfie)

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