Andrada Mining acquisition elevates the miner to emerging mid-tier status. 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: 162.85
Bid: 162.90
Ask: 163.05
Change: 1.95 (1.21%)
Spread: 0.15 (0.092%)
Open: 160.85
High: 163.15
Low: 159.90
Prev. Close: 160.90
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

British Airways pilots accept pay cuts, job losses negotiated by union

Fri, 31st Jul 2020 22:01

July 31 (Reuters) - British Airways pilots have accepted a
deal that will temporarily cut pay by 20% and eliminate more
than 200 jobs, the pilots' union said on Friday.

"The deal means that there will be temporary 20% pay cuts
reducing to 8% over two years and towards zero over the longer
term", British Airline Pilots Association said in a statement.

"Regrettably, there will still be some compulsory
redundancies which are currently estimated to be 270 although
that number will fall as mitigations take effect", the statement
added.

The ballot result was 85% to accept the deal on an 87%
turnout. There will be no "fire and rehire" of pilots, the union
said.

UK lawmakers have previously criticized BA, alleging that it
used a furlough "fire and rehire" scheme, a tactic used by
companies forcing employees to accept inferior terms.

Earlier this year, British Airways, which is owned by
International Consolidated Airlines Group, was seeking
to lay off a quarter of its pilots, according to a letter sent
to the union and seen by Reuters.

Global curbs imposed to fight the coronavirus pandemic have
slammed air travel, putting the future of many airline companies
in doubt.

"We do not expect our company to return to 2019 levels of
business until at least 2023 and therefore we need to act now to
reshape our company for a very different future", British
Airways said in an emailed statement.

(Reporting by Kanishka Singh in Bengaluru; Editing by Dan
Grebler)

More News
7 Nov 2022 13:39

Ryanair expects to emerge as Europe's only major low-cost carrier

DUBLIN, Nov 7 (Reuters) - Ryanair on Monday predicted it would eventually become Europe's only major low-cost carrier, with Chief Executive Michael O'Leary claiming a widening gap on costs would make rivals easyJet and Wizz takeover targets.

Read more
7 Nov 2022 13:29

Ryanair hails 'very strong' recovery with record summer profit

Forecasts 1-1.2 bln eur FY profit

*

Read more
4 Nov 2022 10:15

LONDON BROKER RATINGS: Liberum cuts British Land; Exane cuts Sainsbury

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

Read more
2 Nov 2022 09:32

Wizz Air eyes more growth, sees travel demand holding up

Plans to grow capacity by 35% this winter

*

Read more
1 Nov 2022 10:09

LONDON BROKER RATINGS: UBS raises Auto Trader; Berenberg likes Next 15

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

Read more
31 Oct 2022 17:40

FTSE 100 hits fresh five-week high, EasyJet rises on takeover talk

FTSE marks first monthly rise in three

*

Read more
31 Oct 2022 17:05

European shares notch monthly gain on Fed pivot hopes, robust earnings

STOXX 600 notches monthly gain, hits 6-week high

*

Read more
31 Oct 2022 16:59

LONDON MARKET CLOSE: Weaker pound, banks and IAG help FTSE outperform

(Alliance News) - London's FTSE 100 ended solidly higher on Monday, closing out the month strongly despite trepidation elsewhere in global markets, as investors look forward to a key week for monetary policy.

Read more
31 Oct 2022 12:13

LONDON MARKET MIDDAY: Stocks on shaky ground after hot EU inflation

(Alliance News) - European markets were looking for direction at midday on Monday, ahead of key interest rate decisions to come later in the week and after a stronger-than-expected consumer price inflation print from the eurozone.

Read more
31 Oct 2022 10:46

PRESS: IAG may try to buy airlines easyJet and Portugal's TAP - Times

(Alliance News) - British Airways owner International Consolidated Airlines Group SA could attempt to buy rivals easyJet PLC and Portugese state-owned flag carrier TAP Air Portugal, the Times reported on Monday.

Read more
31 Oct 2022 09:43

LONDON BROKER RATINGS: Jefferies raises Centrica and Drax to 'buy'

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

Read more
31 Oct 2022 09:06

LONDON MARKET OPEN: Stocks open in the red; pound holds on to gains

(Alliance News) - Stock prices in London opened lower on Monday, while the pound remained strong ahead of the Bank of England's interest rate decision to come later in the week.

Read more
31 Oct 2022 07:19

IAG mulling potential acquisitions - report

(Sharecast News) - British Airways owner International Consolidated Airlines Group is turning its attention to industry consolidation, it was reported on Monday, with ailing rivals thought to be in its sights.

Read more
28 Oct 2022 12:33

European airlines bump up against airport hurdles as demand recovers

Air France-KLM and IAG beat Q3 earnings expectations

*

Read more
28 Oct 2022 12:16

LONDON MARKET MIDDAY: Stocks stage fight back but still face pressure

(Alliance News) - Stocks in Europe were attempting to reclaim some positivity in midday trade on Friday, while it remained a bleak picture on Wall Street after Amazon became the latest tech firm to upset investors.

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.