Roundtable Discussion; The Future of Mineral Sands. 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: 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 -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 3-We'll pay for tests, Spain's hotels say, amid UK quarantine backlash

Mon, 27th Jul 2020 11:44

* Hotel association brands UK move "totally illogical"

* Urges system of reciprocal testing instead

* Some Spanish regions have lower infection rate than UK
(Adds new coronavirus data, quotes)

By Emma Pinedo and Nathan Allen

MADRID, July 27 (Reuters) - Spain's hard-hit hotels offered
on Monday to pay for foreign tourists to take coronavirus tests,
in an effort to lure back visitors worried by a fresh wave of
cases and put off by Britain's sudden imposition of a two-week
quarantine.

Britain on Saturday shocked hoteliers and holidaymakers with
an unexpected 14-day quarantine on people returning from Spain,
in a major blow to a tourist season already hanging on by a
thread.

"Not only is it unjust but it's also totally illogical and
lacking in rigour," Spain's main hotel association CEHAT said of
the quarantine.

Instead, the association proposed a system of reciprocal
testing across Europe and said its members would cover the cost
for tourists coming to Spain.

Since ending its nationwide lockdown a month ago, Spain has
been grappling with a rapid proliferation of new cases.

The health ministry reported 6,361 new cases over the
weekend and said it was monitoring 361 clusters around the
country.

With most new infections concentrated in Catalonia and
Aragon and with several other regions having a lower infection
ratio than Britain, the blanket quarantine has been criticised
as disproportionate and impulsive.

"How is it that we find ourselves on the brink of the
apocalypse in just 12 hours?" asked Jose Luis Zoreda,
vice-president of the Exceltur tourism association, adding that
the move could do lasting damage to Spain's image.

Britain's The Sun newspaper said London was considering an
exemption for Spain's Balearic and Canary islands, where
infection rates are very low, after lobbying by the Madrid
government.

"We hope it will be today rather than tomorrow," Tourism
Minister Reyes Maroto said.

'A BADLY MANAGED OVERREACTION'

While Catalan leader Quim Torra warned that more
restrictions could be needed if the local outbreak continued to
expand, other regions such as Andalusia and Valencia felt
unfairly penalised.

"Our epidemiological data are better than the UK's,"
Valencian regional leader Ximo Puig told Cadena Ser radio. "I
don't understand why you would make a decision like this with
such a broad brushstroke."

Puig's counterpart in the Canary Islands, Angel Victor
Torres, said the shock to the local tourism sector could be
irreversible if Britons stopped coming.

Tour operators, airlines and hotel groups, already
struggling after the pandemic brought global air travel to a
virtual standstill, also hit back at the measure.

Budget carrier Ryanair's Chief Executive Michael
O'Leary derided the UK move as a "badly managed overreaction,"
while rival Jet2.com cancelled flights to four Spanish
destinations.

Melia Hotels and NH hotels shares closed
6.4% and 4.3% respectively on Monday, while British Airways
parent IAG dropped 5.9%.
(Reporting by Emma Pinedo
Additional reporting by Inti Landauro, Belén Carreño, Paola
Luelmo and Conor Humphries
Writing by Nathan Allen
Editing by Ingrid Melander and Gareth Jones)

More News
5 Apr 2024 19:38

UK Border Force officers suspend Heathrow Airport strike action plan

LONDON, April 5 (Reuters) - UK Border Force officers at Heathrow Airport, Britain's busiest hub, have suspended the strike action they were due to take for four days from April 11 in a dispute over working conditions, a trade union said on Friday.

Read more
5 Apr 2024 15:22

London close: Stocks finish lower as US payrolls top forecasts

(Sharecast News) - London markets closed lower on Friday amid a backdrop of heightened investor caution, following robust US job data for March, hawkish remarks from Federal Reserve officials, and escalating tensions in the Middle East.

Read more
28 Mar 2024 16:49

UK Border Force officers at Heathrow airport to take strike action

LONDON, March 28 (Reuters) - More than 600 UK Border Force officers at Heathrow Airport, Britain's busiest hub, will take strike action for four days from April 11 in a dispute over working conditions, the PCS trade union said on Thursday.

Read more
27 Mar 2024 10:28

JPMorgan puts IAG on 'positive catalyst watch' ahead of Q1 results

(Sharecast News) - JPMorgan Cazenove placed shares of BA and Iberia owner IAG on 'positive catalyst watch' on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

Read more
21 Mar 2024 16:33

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.

Read more
21 Mar 2024 09:27

LONDON BROKER RATINGS: UBS cuts Entain; RBC raises IAG

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

Read more
21 Mar 2024 09:09

RBC Capital upgrades IAG to 'outperform'

(Sharecast News) - RBC Capital Markets upgraded BA and Iberia owner IAG on Thursday to 'outperform' from 'sector perform' and lifted the price target to 220p from 200p.

Read more
21 Mar 2024 07:52

LONDON BRIEFING: Stocks called up thanks to New York rally

(Alliance News) - Stocks in London are to open higher on Thursday, after a global equity market rally following the latest interest rate call from the US Federal Reserve.

Read more
15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

Read more
6 Mar 2024 15:02

London close: Stocks finish higher after Hunt's Spring Budget

(Sharecast News) - London's stock markets closed in positive territory on Wednesday, as investors absorbed the Chancellor's Spring Budget announcement of a 2p reduction in National Insurance.

Read more
6 Mar 2024 14:05

Tax rise outlined in UK budget for air passengers in premium cabins

(Alliance News) - Airline passengers travelling in premium cabins will be hit by a UK tax hike.

Read more
6 Mar 2024 09:07

LONDON BROKER RATINGS: JPMorgan raises IAG; Jefferies likes Experian

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

Read more
6 Mar 2024 08:45

IAG flies higher after double upgrade to 'overweight' by JPMorgan

(Sharecast News) - BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove double upgraded the shares to 'overweight' from 'underweight' and lifted the price target to €2.50 from €1.45.

Read more
6 Mar 2024 07:45

LONDON BRIEFING: ConvaTec profit doubles; DS smith trades in line

(Alliance News) - Stocks are called to open higher on Wednesday, with focus in the UK on Wednesday's Spring budget.

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.