The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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 6-UK deals new blow to Spanish tourism in what Spain's PM calls 'error' by London

Mon, 27th Jul 2020 11:44

* UK advises against travelling to Canary and Balearic
islands

* Sanchez says epidemiological data does not back quarantine
move

* UK's transport minister cuts short own Spanish holiday
(Adds quotes)

By Joan Faus and Belén Carreño

MADRID, July 27 (Reuters) - Britain made a mistake when it
decided at the weekend to slap a quarantine on people travelling
from Spain, Prime Minister Pedro Sanchez said on Monday, saying
much of the Mediterranean country had a lower coronavirus
infection rate than the UK.

Sanchez was speaking just after Britain dealt a new blow to
any hopes of reviving Spain's tourism by extending guidance
advising against all non-essential travel, which already applied
to mainland Spain, to include the Balearic and Canary Islands.

"The error, in my judgement, and hence the lack of alignment
of the United Kingdom's response, is based on considering the
cumulative incidence of (the virus in) the entire country,"
Sanchez said in an interview with Telecinco television.

The rebound in coronavirus cases is focused in two regions,
Catalonia and Aragon, he said, adding: "In most of Spain, the
incidence (of the disease) is very much inferior to even the
numbers registered in the United Kingdom."

Last year, Britons made up over a fifth of foreign visitors
to Spain, which relies heavily on tourism.

The Socialist prime minister said the British government had
given Spain no heads up about the quarantine move.

Nevertheless, both teams are in touch and Madrid is trying
to persuade British Prime Minister Boris Johnson's government to
change its mind, Sanchez said, adding that the two governments
were "friends".

But the latest British move, announced shortly before
Sanchez's evening interview, did not bode well for Spain's
chances of getting the British government to change tack any
time soon.

While Madrid was focusing its efforts on getting the
Balearic and Canary Islands, which have a low coronavirus rate,
off the quarantine list, London instead decided to add them to
its guidance advising against all non-essential travel.

Sanchez said that the two archipelagos, as well as the
regions of Valencia and Andalusia, had a lower infection rate
than Britain.

"It would be safer to be in those destinations than in the
United Kingdom," he said.

The blanket quarantine has been criticised by tourism groups
as disproportionate and impulsive.

Earlier on Monday, Spain's hard-hit hotels had offered 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.

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.

Britain's transport minister cut short his own holiday in
Spain to return home to handle the fallout.

"The sooner I get back from Spain myself, the sooner I can
get through quarantine," Grant Shapps said in a statement.
(Reporting by Emma Pinedo, Nathan Allen, Belén Carreño and Joan
Faus; Additional reporting by Inti Landauro, Paola Luelmo,
Costas Pitas; Writing by Ingrid Melander; Editing by Gareth
Jones and Peter Cooney)

More News
3 Aug 2023 06:01

Sluggish return of business travelers forces US airlines to rejig their networks

CHICAGO, Aug 3 (Reuters) - U.S. airlines are enjoying strong leisure travel demand, but corporate travelers are still not back in full force, compelling airlines to restructure their networks to account for fewer people flying for business purposes.

Read more
1 Aug 2023 09:24

LONDON BROKER RATINGS: JPMorgan cuts L&G, St James's price target

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

Read more
31 Jul 2023 17:27

UK's FTSE 100 ends marginally higher, notches monthly gains

Beverages down on Heineken's outlook

*

Read more
31 Jul 2023 16:56

LONDON MARKET CLOSE: FTSE 100 inches higher as BoE moves into focus

(Alliance News) - European equities closed slightly higher on Monday, supported by favourable eurozone data and the hope of more stimulus in China, after an underwhelming factory reading there.

Read more
31 Jul 2023 14:57

BofA Merrill Lynch lifts IAG price target, reiterates 'buy'

(Sharecast News) - Bank of America Merrill Lynch lifted its price target on BA and Iberia owner IAG on Monday to 260p from 240p and reiterated its 'buy' rating on the shares after results last week.

Read more
31 Jul 2023 14:45

Broker tips: IAG, Babcock

(Sharecast News) - Bank of America Merrill Lynch lifted its price target on BA and Iberia owner IAG on Monday to 260p from 240p and reiterated its 'buy' rating on the shares after results last week.

Read more
31 Jul 2023 12:06

LONDON MARKET MIDDAY: Europe rises but FTSE 100 underperforms

(Alliance News) - Stock prices in London were lower at midday on Monday, though European peers were on the rise, following favourable eurozone economic data.

Read more
31 Jul 2023 09:16

LONDON BROKER RATINGS: Oddo BHF raises IAG to 'outperform'

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

Read more
28 Jul 2023 17:44

UK's FTSE 100 ends flat as BOJ sparks rate worries, higher on the week

AstraZeneca boosts pharma index to one-month high

*

Read more
28 Jul 2023 16:58

LONDON MARKET CLOSE: FTSE 100 flat as DAX surges to record high

(Alliance News) - London's FTSE 100 tread water on Friday, after a trio of central bank decisions, and as focus turns to the Bank of England next week and the US jobs report.

Read more
28 Jul 2023 12:34

Air France-KLM's rising costs overshadow profit beat

Q2 operating profit 733 mln euros vs forecast 663 mln

*

Read more
28 Jul 2023 11:47

LONDON MARKET MIDDAY: FTSE 100 treads water on blue chip earnings

(Alliance News) - Stock prices in London were mixed at midday on Friday, after a busy week of earnings comes to an end.

Read more
28 Jul 2023 09:27

TOP NEWS: IAG to restore flight capacity to pre-pandemic by year-end

(Alliance News) - International Consolidated Airlines Group SA on Friday said it will return its flying capacity back to the level seen before the Covid-19 by the end of 2023, as it reported a dramatic swing to profit in the first half of the year.

Read more
28 Jul 2023 08:52

British Airways-owner IAG beats forecasts, but wary on outlook

Q2 profit 1.25 bln euros vs 895 mln forecast

*

Read more
28 Jul 2023 07:54

LONDON BRIEFING: NatWest posts interim growth; IAG swings to profit

(Alliance News) - Stocks in London are called slightly lower on Friday, with investors having plenty to consider amid the week's swathe of corporate earnings and central bank decisions.

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.