Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. 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: 177.40
Bid: 177.75
Ask: 177.85
Change: -1.25 (-0.70%)
Spread: 0.10 (0.056%)
Open: 183.05
High: 184.50
Low: 173.90
Prev. Close: 178.65
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 8-Airlines disrupted worldwide by U.S. 5G 'nightmare'

Tue, 18th Jan 2022 23:04

(Recasts, adds detail)

By Tim Hepher, Jamie Freed and David Shepardson

Jan 19 (Reuters) - Global airlines cancelled or rejigged
dozens of flights as the on-off rollout of 5G mobile in the
United States triggered what one airline pilot called a
"nightmare" of scheduling for carriers grappling with
fast-changing airplane restrictions.

A decision by two U.S. wireless carriers to delay switching
on the powerful new telecom masts near key airports, following
protests from airlines about possible interference, came too
late to avoid a ripple of cancellations on Wednesday.

Airlines across Asia and several in the Middle East and
Europe said they were cancelling some flights or switching
models, with much of the initial disruption hitting the Boeing
777, for decades a workhorse of long-distance air travel.

Dubai's Emirates, the largest user of the Boeing mini-jumbo,
kicked off a slew of industry cancellations or aircraft changes
late on Tuesday, saying it would suspend nine U.S. routes.

The airline's veteran president Tim Clark told CNN the
carrier had not been aware of the extent of the problem until
Tuesday and called it "one of the most delinquent, utterly
irresponsible" episodes he had seen, a CNN reporter tweeted https://twitter.com/petemuntean/status/1483790509340569600?s=20.

The disruption caps a weeks-long dispute between airlines
and telecom companies over the speed of deployment of 5G mobile
services in the United States, mirrored by tensions between
regulators of the economically sensitive industries.

U.S. airlines and the Federal Aviation Administration (FAA)
have warned that the frequencies and transmission strength being
deployed in the United States could interfere with the precise
height readings needed for bad-weather landings on some
jetliners.

European regulators say no risks have been found elsewhere.

AT&T and Verizon Communications agreed https://www.reuters.com/business/aerospace-defense/biden-administration-talks-head-off-5g-aviation-standoff-2022-01-18
on Tuesday to delay turning on 5G near key airports but are
pressing ahead with the wider U.S. deployment on Wednesday of
services designed to serve tens of millions of people.

Late on Tuesday, the FAA began updating guidance on which
airports and aircraft models would be affected, in a move
expected to dramatically lessen the impact of the nearly 1,500
notices of 5G restrictions previously issued by the regulator.

Even so, dozens of flights had to be cancelled or modified,
pushing shares in European long-haul carriers down about 2%.

"The last-minute postponement happened too late to stop the
crews being sent out for today's (return) flight. It just made
it a nightmare," said a pilot with a major European airline.

OFF SEASON

Analysts said a slump in long-haul flying caused by pandemic
border restrictions would limit the immediate impact, however.

"It's the off season, so in January or February airlines
will be losing money and that's not counting the impact of the
pandemic. At the moment they are fighting for survival," said
James Halstead, managing partner at UK-based Aviation Strategy.

"Where it might hurt is that some airlines are using the
same long-haul aircraft to carry freight," he added.

Korean Air Lines said it had switched planes on
six U.S. passenger and cargo flights, Taiwan's China Airlines
rescheduled some flights and Hong Kong's Cathay
Pacific said it would change aircraft types if needed.

Japan's All Nippon Airways and Japan Airlines, said
they would curtail Boeing 777 flights following a notice from
Boeing that 5G signals may interfere with the radio altimeter.

Radio altimeters give precise readings of the height above
the ground on approach and help with automated landings, as well
as verifying a jet has landed before allowing reverse thrust.

Boeing said it was working with all parties on a
"data-driven solution for the long-term that ensures all
commercial airplane models can operate safely as 5G is
deployed."

The 777 last year was the second-most used widebody plane on
flights to and from U.S. airports with around 210,000 flights,
behind the older 767, according to data from FlightRadar24.

In other disruption, Germany's Lufthansa said it
had cancelled one flight and was switching aircraft on others.

Air India said its four U.S. flights would be curtailed or
face changes in aircraft type starting from Wednesday.

Singapore Airlines said it had switched the
aircraft used on select U.S. routes.

British Airways switched its daily flight to Los Angeles to
an Airbus A380 from the usual Boeing 777 service and
cancelled or modified other U.S. flights.

Cargo airlines AeroLogic and Polar diverted away from
Cincinnati to Atlanta, according to web tracker FlightRadar24
which said Atlanta was not subject to 5G related restrictions.

Not all 777 flights have been hit. Emirates said it would
keep flying the 777 to Washington, which is not so far affected.

Qatar Airways and Air France said U.S. routes were
operating as scheduled and Israel's El Al and Abu Dhabi's Etihad
Airways said their services had not been affected. Kenya Airways
said it was taking precautions outlined by Boeing and the FAA.

(Additional reporting by Ed Copley and Josephine Mason in
London, Eric M. Johnson in Seattle, Alexander Cornwell in Dubai,
Ari Rabinovitch in Jerusalem, Lilian Wagdy and Moataz Mohamed in
Cairo, Abhijith Ganapavaram in Bengaluru, Duncan Miriri in
Nairoboi
Editing by Chizu Nomiyama, Richard Pullin and Mark Potter)

More News
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
28 Jul 2023 07:35

BA owner IAG posts record first-half operating profit

(Sharecast News) - British Airways and Iberia owner IAG posted a record first-half profit on Friday as it hailed a strong performance across the group.

Read more
26 Jul 2023 10:34

UK's Heathrow warns of leisure travel slowdown later this year

First-half pretax profit up 6%

*

Read more
25 Jul 2023 14:08

Mercia Asset Management investee wins IAG investment

(Alliance News) - Mercia Asset Management PLC on Tuesday said that one of its direct investments Nova Pangaea Holdings Ltd has received an investment from International Consolidated Airlines Group SA.

Read more
21 Jul 2023 15:38

UK earnings, trading statements calendar - next 7 days

Monday 24 July 
discoverIE Group PLCTrading Statement
Cranswick PLCTrading Statement
Glantus Holdings PLCTrading Statement
MoneySupermarket.com PLCHalf Year Results
Ryanair Holdings PLCQ1 Results
Science Group PLCHalf Year Results
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 25 July 
City of London Investment Group PLCTrading Statement
Compass Group PLCTrading Statement
Croda International PLCHalf Year Results
Games Workshop Group PLCFull Year Results
Greencore Group PLCTrading Statement
Hummingbird Resources PLCTrading Statement
MITIE Group PLCTrading Statement
Paragon Banking Group PLCTrading Statement
Reach PLCHalf Year Results
Smart Metering Systems PLCTrading Statement
Tristel PLCTrading Statement
Tyman PLCHalf Year Results
Unilever PLCHalf Year Results
Unite Group PLCHalf Year Results
Wednesday 26 July 
Aptitude Software Group PLCHalf Year Results
Breedon Group PLCHalf Year Results
Conduit Holdings LtdHalf Year Results
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
FRP Advisory Group PLCFull Year Results
Gresham Technologies PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Lloyds Banking Group PLCHalf Year Results
Marston's PLCTrading Statement
Nichols PLCHalf Year Results
Primary Health Properties PLCHalf Year Results
Rathbones Group PLCHalf Year Results
Rio Tinto PLCHalf Year Results
Science Group PLCHalf Year Results
Van Elle Holdings PLCFull Year Results
Thursday 27 July 
Allianz Technology Trust PLCHalf Year Results
Antofagasta PLCHalf Year Results
Capital & Regional PLCHalf Year Results
Card Factory PLCTrading Statement
Checkit PLCTrading Statement
Deliveroo PLCHalf Year Results
Derwent London PLCHalf Year Results
Entain PLCHalf Year Results
Global Connectivity PLCHalf Year Results
Hostelworld Group PLCHalf Year Results
HydrogenOne Capital Growth PLCTrading Statement
Lancashire Holdings LtdHalf Year Results
OSB Group PLCHalf Year Results
Persimmon PLCHalf Year Results
Petrofac LtdHalf Year Results
Redcentric PLCFull Year Results
S&U PLCTrading Statement
Savills PLCHalf Year Results
Secure Trust Bank PLCHalf Year Results
Spirax-Sarco Engineering PLCHalf Year Results
Videndum PLCHalf Year Results
Wheaton Precious Metals CorpHalf Year Results
Friday 28 July 
AIB Group PLCHalf Year Results
GCP Infrastructure Investments LtdTrading Statement
International Consolidated Airlines Group SAHalf Year Results
Intertek Group PLCHalf Year Results
Jardine Matheson Holdings LtdHalf Year Results
NatWest Group PLCHalf Year Results
Standard Chartered PLCHalf Year Results
YouGov PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
20 Jul 2023 11:33

Transatlantic travel sets up European airlines for bumper earnings

LONDON/CHICAGO, July 20 (Reuters) - North American tourists thronging the streets of Europe's top destinations are set to fuel healthy earnings for airlines this quarter and onwards as they enjoy travelling after long pandemic lockdowns, analysts and aviation executives said.

Read more
17 Jul 2023 09:20

LONDON BROKER RATINGS: JPMorgan cuts Spectris; Berenberg likes Victrex

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

Read more
16 Jul 2023 11:44

Sunday newspaper round-up: Tesco, Green Agenda, EasyJet

(Sharecast News) - Tesco is leaning on its suppliers so that they pass on savings from falling costs so that it can reduce prices more quickly than rivals and thus lead on price cuts. Among other factors, on Thursday Tesco pointed to a halviing in wholesale electricity prices, a 22% reduction in PET packaging and an 84% fall in the cost of freight. Suppliers however said that other costs had continued to rise - not least wages. And in response to prodding by MPs, Asda co-owner, Mohsin Issa, has cautioned that fixed-term contracts meants that three to nine more month would be needed before customers benefitted from falling prices. - The Sunday Times

Read more
14 Jul 2023 14:37

Strikes at Britain's Gatwick Airport could hit summer holidays

950 workers to strike in pay dispute

*

Read more
14 Jul 2023 09:13

LONDON BROKER RATINGS: HSBC says 'buy' AstraZeneca but 'reduce' GSK

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

Read more
14 Jul 2023 07:56

LONDON BRIEFING: Burberry shines in China; ITV-All3Media deal unlikely

(Alliance News) - Stocks in London are expected to slip into the red at Friday's open, in a tepid conclusion to what has been a largely positive week for global equities, as the market prices in a lower peak for US interest rates.

Read more
12 Jul 2023 17:13

Miners, banks lift FTSE 100, cooling US inflation lifts sentiment

Banks gain after major lenders clear BoE's stress test

*

Read more
12 Jul 2023 12:08

LONDON MARKET MIDDAY: FTSE 100 boosted by banks ahead of US inflation

(Alliance News) - The FTSE 100 in London was lifted by banking stocks heading into Wednesday afternoon, after the Bank of England's latest stress test showed the sector to be "resilient".

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.