focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 175.60
Bid: 175.50
Ask: 175.70
Change: -0.80 (-0.45%)
Spread: 0.20 (0.114%)
Open: 175.40
High: 176.15
Low: 175.15
Prev. Close: 176.40
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WRAPUP 2-Airlines suspend, scale back direct flights to China amid virus fears

Wed, 29th Jan 2020 21:59

By Sarah Young and Allison Lampert

LONDON/MONTREAL, Jan 29 (Reuters) - Global airlines on
Wednesday continued to suspend or scale back direct flights to
China's major cities amid an increase in travel warnings and
decline in demand from passengers due to the coronavirus.

Fears over the spread of the flu-like virus, which
originated in the central Chinese city of Wuhan, are increasing
as the death toll rose to 133.

The virus appears to represent the biggest epidemic threat
to the airline industry since the SARS outbreak, which at its
peak in April 2003 led to a 45% plunge in passenger demand in
Asia, analysts said.

British Airways said it suspended all direct
flights to and from mainland China.

BA.com, the airline's website, shows no direct flights to
mainland China 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.

Air Canada, which planned earlier this week to
cancel just a select number of its 33 weekly flights to China,
said on Wednesday it would suspend all direct flights to Beijing
and Shanghai.

The suspension, from Jan. 30 to Feb. 29, came after the
government of Canada updated its travel advisory urging its
citizens to avoid non-essential travel to China.

American Airlines Group Inc said on Wednesday it
would suspend flights from Los Angeles to Beijing and Shanghai
but continue flying from Dallas, and Delta Air Lines
said it was halving its U.S.-China schedule to about 21 weekly
flights.

U.S. officials said the White House had decided against
suspending all flights to China for now, but it could revisit
the decision if events warrant.

Among European carriers, Germany’s Lufthansa
suspended its own, Swiss and Austrian Airlines flights to and
from China until Feb. 9, while Air France said it
would reduce its flight schedule to Beijing and Shanghai this
week.

Iberia, part of the IAG group along with BA, said it was
temporarily suspending all flights to Shanghai.

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

Indonesia’s Lion Air said on Wednesday it would suspend all
direct flights to China. India’s IndiGo is also suspending
flights to Chengdu and Hong Kong.

Carriers including Hong Kong's Cathay Pacific Airways said
on Wednesday that amenities such as hot towels, blankets and
magazines would not be offered on flights to and from mainland
China from Thursday until further notice.

Cathay Pacific and other airlines are allowing their flight
attendants to wear face masks and gloves on flights to protect
against fears of contagion.

Wesley Lesosky, president of the Canadian Union of Public
Employees unit that represents Air Canada flight attendants,
said by email that members have the option of wearing masks and
gloves on flights to China.

But flight attendants remained "concerned with the effects
the virus could have if contracted, how to recognize an infected
passenger and how to deal with the nervous passengers onboard,"
Lesosky said.

(Reporting by Sarah Young, additional reporting by Jessica
Jones in Madrid, Allison Lampert in Montreal, Tracy Rucinski in
Chicago, Jamie Freed in Sydney, David Shepardson in Washington
and Aradhana Aravindan in Singapore; editing by Kate Holton,
Nick Macfie, Jonathan Oatis and Dan Grebler)

More News
26 May 2023 06:01

IT issue causes mass cancellation of British Airways Heathrow flights

(Alliance News) - International Consolidated Airlines PLC's British Airways has apologised after an IT issue caused the cancellations of domestic and European flights on Thursday, as Britain heads into the Bank Holiday weekend.

Read more
19 May 2023 09:34

Dublin Airport to lower charges for more fuel-efficient airlines

DUBLIN, May 19 (Reuters) - Dublin Airport plans to cut runway charges by 25% for airlines that operate planes with lower emissions, the Dublin Airport Authority (DAA) said on Friday.

Read more
18 May 2023 08:10

UK's easyJet confident as summer demand ramps up

Sees Q3 revenue per seat up 20% on last year

*

Read more
11 May 2023 09:45

LONDON BROKER RATINGS: Asos targets cut; Jefferies ups Diploma to buy

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

Read more
10 May 2023 11:20

UK's Virgin Atlantic says bumper bookings eclipsed by rising costs

2022 revenue 2.9 bln stg, 98% of 2019 levels

*

Read more
9 May 2023 17:27

UK stocks slide ahead of U.S. inflation data, BoE meet

IAG closes at over a two-month high

*

Read more
9 May 2023 13:45

Liberum reiterates 'buy' on IAG, lifts price target

(Sharecast News) - Liberum reiterated its 'buy' recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

Read more
9 May 2023 07:52

Broker tips: IAG, Intertek

(Sharecast News) - Liberum reiterated its 'buy' recommendation on BA and Iberia owner IAG on Tuesday, and lifted its price target to 350p from 240p as it said positive earnings momentum was set to continue.

Read more
5 May 2023 17:03

LONDON MARKET CLOSE: Surprise US jobs report lifts market mood

(Alliance News) - Stocks in London were higher at the close on Friday, ahead of a long bank holiday weekend, as the latest US jobs report made a recession across the Atlantic appear less likely.

Read more
5 May 2023 12:08

LONDON MARKET MIDDAY: Stocks pare weekly losses ahead of US nonfarms

(Alliance News) - Stock prices in London were higher at midday on Friday, a better end to a nervy week for equities, with investors digesting central bank decisions and an ongoing crisis in the US regional banking sector.

Read more
5 May 2023 09:42

European airlines see strong summer bookings, hope to avert chaos

IAG first-quarter results better than expected

*

Read more
5 May 2023 09:10

TOP NEWS: IAG loss narrows, revenue up as capacity recovers from Covid

(Alliance News) - International Consolidated Airlines Group SA on Friday reported its first quarter narrowed alongside strong revenue as Iberia delivered its "best ever" quarterly performance, while noting capacity recovering towards pre-pandemic levels.

Read more
5 May 2023 08:47

LONDON MARKET OPEN: Stocks make headway, investors cheer IAG update

(Alliance News) - Stock prices in London opened higher on Friday, with oil companies and an encouraging trading update from International Consolidated Airlines boosting the FTSE 100.

Read more
5 May 2023 07:56

LONDON BRIEFING: IAG narrows loss; IHG CEO to step down

(Alliance News) - Stocks in London were called higher on Friday, as investors mulled over the latest interest rate decisions in the US and the EU and ahead of the US nonfarm payrolls report.

Read more
5 May 2023 07:21

IAG lifts guidance on strong summer demand as Q1 earnings beat forecasts

(Sharecast News) - British Airways-owner IAG on Friday lifted its full year earnings forecasts on the back of strong summer demand as first-quarter profits beat expectations.

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.