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Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
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Share Price: 162.30
Bid: 162.10
Ask: 162.25
Change: 1.40 (0.87%)
Spread: 0.15 (0.093%)
Open: 160.85
High: 162.75
Low: 159.90
Prev. Close: 160.90
IAG Live PriceLast checked at -

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European airline stocks hit by oil prices, Credit Suisse downgrade

Wed, 07th Oct 2015 10:24

(ShareCast News) - European airline stocks fell sharply on Wednesday, dragged lower by rising oil prices and a downgrade by Credit Suisse."We can see the close correlation between airlines and the oil price, with much of their recent outperformance resulting from the renewed weakness in the oil price," said Credit Suisse, as it cut its stance on European airlines to 'benchmark' from 'overweight'.Beyond lower fuel costs, CS said the fall in the oil price has also benefitted airlines through the boost it has given to consumer incomes. It said this was particularly true for budget airlines, which are predominantly consumer plays, as opposed to the flag-carriers where up to half of revenue is corporate-related.Still, the bank said that if oil prices were to stabilise or stage a modest recovery, one of the most significant tailwinds airlines have recently enjoyed would fade away. In addition, it argued that there are some signs that capital discipline is deteriorating: capex to sales has increased and historically a low oil price has been associated with an increase in competition, it said.It said that while valuations are still attractive on 12-month forward P/E relatives and earnings momentum is positive, the latter is at levels where it has historically rolled over, with earnings revisions boosted by the falling oil price."On top of that, the sector is overbought," it added.Oil prices surged on Tuesday after the Organisation of Petroleum Exporting Countries forecast big cuts to oil investments that are expected to slow production and reduce global crude supplies. In addition, the Energy Information Administration estimated that crude production in September was down 120,000 barrels a day from August and said output is likely to continue to decline through next August.At 1030 BST, Air France-KLM shares were 4.8% lower at €5.82, Easyjet was 4.4% weaker at 1,683p, IAG shares were down 4.1% at 563.50p, Ryanair shares off 3% at €12.81, and Deutsche Lufthansa was 2.6% weaker at €13.08.
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29 Jul 2022 12:00

How the other half lives: luxury companies thrive

LONDON/PARIS, July 29 (Reuters) - While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags as soaring prices leave wealthier people relatively unscathed.

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29 Jul 2022 09:11

LONDON MARKET OPEN: Banks lead FTSE 100 as returns rain on investors

(Alliance News) - Stock prices in London opened higher on Friday amid hopes the US Federal Reserve will pump the brakes on aggressive rate hikes, while banks boosted the FTSE 100 with the sector awash in cash.

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29 Jul 2022 09:07

TOP NEWS: IAG swings to profit but held back by Heathrow airport chaos

(Alliance News) - International Consolidated Airlines Group SA swung to profit in the second quarter of 2022, saying early Friday it was seeing strong demand for premium leisure travel and a continued recovery of business travel from the Covid-19 pandemic.

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29 Jul 2022 08:45

owner IAG returns to profit after COVID-19 slump

LONDON, July 29 (Reuters) - British Airways-owner IAG on Friday returned to profit for the first time since the outbreak of the COVID-19 pandemic as demand for European flights between April and June boosted its battered finances.

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29 Jul 2022 08:27

LONDON BRIEFING: AstraZeneca ups payout and guidance; taps new chair

(Alliance News) - AstraZeneca on Friday said it delivered a strong first-half boosted by demand for its cancer treatments.

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28 Jul 2022 14:01

British Airways and Iberia owner IAG orders 37 Airbus A320neo jets

(Alliance News) - British Airways-parent International Consolidated Airlines Group SA on Thursday said it placed a multi-billion-dollar order for 37 A320neo jets from European planemaker Airbus SE, as the aviation industry charts its recovery from the pandemic.

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28 Jul 2022 12:42

IAG places order for 37 Airbus jets with an option for another 50

(Sharecast News) - IAG announced a big order for Airbus single aisle A320neo and A321neo jets.

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27 Jul 2022 13:53

U.S. equities, not UK, the place to hide

July 27 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

U.S. EQUITIES, NOT UK, THE PLACE TO HIDE (1235 GMT)

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25 Jul 2022 16:57

LONDON MARKET CLOSE: FTSE up but gas worries and Ifo survey hit DAX

(Alliance News) - European equities largely recovered from a slow start to post cautious gains on Monday ahead of a busy week of corporate earnings, economic data and a US Federal Reserve interest rate decision.

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22 Jul 2022 16:09

UK earnings, trading statements calendar - next 7 days

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22 Jul 2022 14:51

Boost for passengers at Heathrow Airport as BA workers accept pay rise

(Alliance News) - The prospect of industrial action by International Consolidated Airlines Group SA's British Airways check-in staff at Heathrow Airport has ended after workers accepted a pay offer.

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19 Jul 2022 13:38

Heathrow hit with fresh strike threat

(Sharecast News) - Heathrow was dealt a fresh blow on Tuesday, after refuelling workers at the UK's busiest airport agreed to strike.

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18 Jul 2022 18:54

Airbus, airlines to explore carbon capture technology

FARNBOROUGH, England, July 18 (Reuters) - European airplane manufacturer Airbus and more than a half dozen airlines said on Monday they had signed letters of intent to discuss buying carbon removal credits to offset the emissions from air travel.

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15 Jul 2022 09:49

LONDON BROKER RATINGS: JPMorgan downgrades Admiral and Direct Line

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

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12 Jul 2022 17:32

UK's FTSE 100 edges up as consumer staples offset commodity slump

July 12 (Reuters) - UK's top share index edged up on Tuesday, as gains in defensive sectors outweighed mining and energy stocks pulled down by strict COVID-19 lockdowns in China and prospects of further central bank tightening.

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