International Consolidated Airlns Grp SA LON:IAG

Iberia’s Luis Gallego took over the role of the new chief executive officer of the parent organisation, International Airlines Group (LON: IAG), on Tuesday, that effectively marked an end to CEO Willie Walsh’s tenure at the airline holding company. IAG’s shareholders also voted in favour of the company’s plans of raising new equity worth £2.51 billion on Tuesday. IAG’s stock didn’t respond aggressively to the news. Shares of the company remained...

British Airways said on Friday that it has decided in favour of retiring its entire fleet of Boeing 747s with immediate effect as the Coronavirus pandemic curbed demand for air travel and brought the global airline industry to a near halt in recent months. The British flagship air carrier that is a subsidiary of International Consolidated Airlines Group (LON: IAG) has the largest fleet of Boeing’s jumbo jets in the world. Shares of IAG opened abo...

The Sun reported on Sunday that British Airways had inked an agreement with its pilots to layoff 350 of them. Another 300, the company added, have been placed in a pool to be rehired once the demand recovers. Shares of BA’s parent organisation, International Consolidated Airlines Group (Lon: IAG), are currently more than 1% up on Monday. At 225 pence per share, IAG is roughly 65% down year to date in the stock market after recovering from an even...

Shares of International Consolidated Airlines Group (LSE: IAG), the parent company of British Airways (BA), plunged 9% today as the row between the BA and its unions has deepened over the past few days.  Fundamental analysis: Unions to approach the EU The Unite union, which represents BA cabin crew, says it has contacted the European Union to register its resistance to IAG’s acquisition of Air Europa. In November last year, Iberia, another s...

International Consolidated Airlines Group (LON: IAG) released its quarterly financial results on Thursday that showed an operating loss (pre-exceptional) of £473 million as compared to £119 million profit in the same quarter last year. The company attributed its downbeat performance to Coronavirus restrictions that brought the global travel and tourism industry to a near halt in March. IAG reported a 33.5% decline in ASKs (available seat kilometr...

The Coronavirus driven curbs on traveling continue to hit the global airline industry. Prime Minister Boris Johnson had recently recommended the UK airlines to explore their options to raise funds and survive the pandemic before relying completely on the government aid. According to BBC’s report on Wednesday, however, British Airways is struggling to sustain its financial stature as it announced its plans of laying off 36,000 workers to cut...

British Airways (BA), a prominent name on the FTSE 100 index, was recently hit by a cyberattack. As per the report of the Information Commissioners Office (ICO) of the United Kingdom, as many as 500K passengers were affected by the adversity. The confidential information of the passengers compromised due to the cyberattack was not confined to their personal details but the payment data was also conceded. Upon hacking the British Airways website,...

International Consolidated Airlines Group’s (LON:IAG) CEO has said that the company is interested in slots which might become available following Thomas Cook’s (LON:TCG) collapse this week, the BBC has reported. The comments came after the British Airways and Iberia parent flagged a hit to profits for the current year. IAG’s share price, which suffered yesterday, is flying higher this Friday, having gained 2.02 percent to 470.30...

The FTSE 100 has surged in London this Thursday, finding support in hopes over the US-China trade relations which have boosted investor sentiment around the world. The blue-chip index has shrugged off falls in Pearson (LON:PSON), Imperial Brands (LON:IMB) and International Consolidated Airlines (LON:IAG) which all cautioned on profits. FTSE 100 rallies As of 13:34 BST, the Footsie had surged 82.06 points to stand 1.13 percent higher at 7,372.05....

International Consolidated Airlines Group’s (LON:IAG) share price has fallen into negative territory in London this Thursday, as the British Airways and Iberia parent flagged a hit to profits for the current year. The update comes after the company, which also owns Aer Lingus and low-cost carriers Vueling and Level, saw an unprecedented strike at the British flag carrier earlier this month. As of 12:22 BST, IAG’s share price had given...

The FTSE 100 has fallen marginally lower in London this Monday, with a surge in BP (LON:BP) and Royal Dutch Shell (LON:RDSA) limiting the index’s losses over geopolitical concerns in the wake of the attacks on two Saudi Arabian facilities. Cruise operator Carnival (LON:CCL) meanwhile is in the doldrums, pressured by prospects for higher fuel prices. FTSE 100 inches lower As of 13:21 BST, the Footsie had given up 12.99 points to stand 0.18 p...

A new study has found that Heathrow passengers could be paying as much as 10 percent more on fares because they lack an alternative to flying with International Consolidated Airlines Group’s (LON:IAG) British Airways, City A.M. The news comes at a sensitive time for the British flag carrier which has been hit by pilot strikes. IAG’s share price has been steady in London this Thursday, having gained 0.28 percent to 452.99p as of 13:53...

International Consolidated Airlines Group’s (LON:IAG) chief executive Willie Walsh will be grilled by top investors this week over the handling of a 48-hour pilot strike at British Airways, the Financial Times reports. The news comes as pilots in the British flag carrier kicked off an unprecedented strike yesterday over a pay dispute, grounding nearly all the airline’s flights. IAG’s share price, which came under pressure yester...

The FTSE 100 has started the new week on the back foot responding, to a rise in the pound. Falls in Associated British Foods (LON:ABF) and Lloyds Banking Group (LON:LLOY) are also weighing on the blue-chip index, with investors reacting negatively to company updates. FTSE 100 falls into the red As of 12:25 BST, the Footsie had given up 40.54 points to stand 0.56 percent lower at 7,241.80. Sentiment has been subdued this Monday, with the pound ris...

International Consolidated Airlines Group’s (LON:IAG) share price has fallen into the red in London this Monday morning, as pilots at its British Airways unit kicked off an unprecedented 48-hour strike. The news comes after it emerged last week that the company, which also owns Iberia, Aer Lingus as well as low-cost carriers Vueling and Level, was planning to crack down on perks for striking pilots. As of 09:13 BST, IAG’s share price...

The FTSE 100 has slipped marginally into the red in today’s session, pressured by losses in energy and mining shares. Sentiment has remained subdued following the US jobs report which has fallen short of expectations. FTSE 100 subdued on Friday As of 14:53 BST, the Footsie had given up 2.37 points to stand 0.03 percent lower at 7,268.8 points. Despite today’s drop, the blue-chip index is on track to post a rise for the first week of S...

The FTSE 100 is expected to start the last trading day of the week marginally lower, with investors staying on the sidelines ahead of a jobs report on the other side of the Atlantic. On the corporate front, British Airways parent International Consolidated Airlines Group (LON:IAG) is set to be in focus amid prospects for a pilot strike at the British flag carrier. Muted start ahead IG’s opening calls suggest that the FTSE 100 is set to start trad...

British Airways and Iberia parent International Consolidated Airlines Group (LON:IAG) has appointed a new boss of its transatlantic low-cost carrier Level, Reuters has reported. The update comes after the blue-chip company, which also owns Aer Lingus and Spanish low-cost carrier Vueling, disclosed in its traffic statistics last month that Level’s passenger numbers had soared 392.3 percent in July, even as the airline’s passenger load...

International Consolidated Airlines Group’s (LON:IAG) British Airways airline is preparing to crack down on perks enjoyed by striking pilots, The Sunday Times has reported. The news comes amid prospects for the airline’s flights likely to be cancelled during a walkout this week. IAG’s share price has climbed higher in London this morning, having gained 0.38 percent to 423.30p as of 10:06 BST. The stock is underperforming the broader UK market, wi...

International Consolidated Airlines Group’s (LON:IAG) share price has advanced in today’s session as the company updated investors on its July traffic. The update comes after its British Airways unit suffered a glitch earlier in the week, with problems with the carrier’s IT systems leaving passengers facing flight delays and long queues at airports in the midst of the peak summer holiday period. As of 14:41 BST, IAG’s shar...