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: 162.25
Bid: 162.40
Ask: 162.55
Change: 1.35 (0.84%)
Spread: 0.15 (0.092%)
Open: 160.85
High: 163.55
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

UPDATE 2-BA owner considering legal challenge on UK quarantine as relations fray

Fri, 05th Jun 2020 10:34

* IAG boss Walsh says looking at legal action

* Says govt did not consult industry over new legislation

* Relations between BA and govt strained under COVID

* IAG shares up 8%
(Adds detail, background)

By Sarah Young

LONDON, June 5 (Reuters) - The owner of British Airways is
considering launching a legal challenge against the UK's looming
quarantine plan, in the latest sign of a breakdown in relations
between airlines and the government over the coronavirus
pandemic.

With planes grounded since late March, airlines had hoped to
start flying and earning revenues again from July, but Britain's
14-day quarantine rule to be introduced on June 8 for arrivals
from abroad will hamper that recovery, say bosses.

Willie Walsh, the chief executive of IAG, said
industry had not been consulted on the quarantine rule and he
expected other airlines to consider their legal options too.

Ryanair Group Chief Executive Michael O'Leary has described
the plan as "useless and ineffective" and a threat to the
broader tourism industry, while Walsh said it would torpedo any
return to flying in July.

"We think it is irrational, we think it is disproportionate
and we are giving consideration to a legal challenge to this
legislation," he told Sky News on Friday.

Britain's big carriers, BA, easyJet and Virgin Atlantic,
have between them announced almost 20,000 job cuts to prepare
for a smaller travel market post-COVID-19.

Relations between BA and the government have come under
increasing strain as the crisis has progressed, with both sides
making threats.

A junior transport minister agreed with a lawmaker on
Wednesday who said BA should "pay a price" for putting thousands
of staff on notice of redundancy while accessing the
government's salary support scheme.

IAG's Walsh and the head of British Airways then declined to
attend a meeting with the UK interior minister on Thursday to
discuss quarantine plans.

The plan has been criticised by bosses from tourism,
hospitality and leisure industries, and by some of the
government's own lawmakers who question why it is being brought
in now when infection levels across many European countries are
much lower than they were months ago.

The government's chief scientific adviser Patrick Vallance
said on Wednesday that politicians decided the policy, adding
that quarantines worked best for restricting travel from
countries with high infection rates.

Shares in IAG rose 8% in morning trading amid a
rally in holiday-linked stocks on hopes that the worst of the
crisis is over.

(Reporting by Sarah Young and Michael Holden; editing by Kate
Holton)

More News
4 Oct 2022 10:10

Aercap CEO says jetmakers will at best reach 90% of output goals

BRUSSELS, Oct 4 (Reuters) - Planemakers will at best reach 90% of their production targets because of constraints including the challenges of recruiting and training qualifed staff, the head of the world's largest aircraft leasing company, AerCap, said on Wednesday.

Read more
3 Oct 2022 09:48

LONDON BROKER RATINGS: HSBC raises IAG to 'buy'; cuts easyJet

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

Read more
27 Sep 2022 09:38

LONDON BROKER RATINGS: Berenberg likes Inchcape, cuts Devolver Digital

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

Read more
16 Sep 2022 13:02

Flights in Europe disrupted by French air traffic control strike

PARIS, Sept 16 (Reuters) - European flights faced widespread disruption on Friday as a French air traffic controllers' strike forced airlines to cancel half of those scheduled to arrive or depart Paris airports and others due to have flown over France.

Read more
14 Sep 2022 12:08

LONDON MARKET MIDDAY: Stocks lower as US rate hike fears intensify

(Alliance News) - Stocks in London were lower at midday on Wednesday, with investors continuing to mull over a higher-than-expected US inflation print which has reignited rate hike fears from the Federal Reserve.

Read more
14 Sep 2022 09:40

LONDON BROKER RATINGS: Stifel downgrades IAG, easyJet and Ryanair

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

Read more
14 Sep 2022 07:49

REPEAT: LONDON BRIEFING: UK annual inflation back in single digits

(Alliance News) - Stocks in London were set for a slump on Wednesday after a higher-than-expected US inflation reading spooked markets and sparked a sell-off in New York.

Read more
11 Sep 2022 23:26

Sunday newspaper round-up: Energy sector, EdF, Fracking

(Sharecast News) - Industry sources are warning that the energy sector needs to know the details of the new Prime Ministers' plans to support businesses in order for them to take effect during the next winter. The government has indicated that a more complete plan for businesses will be announced as soon as possible. In another development, Centrica chief executive officer, Chris O'Shea, voiced support for using contracts for difference for long-term electricity prices as part of efforts to ensure lower prices for consumers over the years ahead. - The Sunday Telegraph

Read more
10 Sep 2022 15:03

IAG's Aer Lingus cancels flights to UK and Europe after IT breakdown

(Alliance News) - Irish airline Aer Lingus has apologised to customers after a major technical failure meant it had to cancel all flights from Dublin Airport to UK or European destinations after 2pm.

Read more
25 Aug 2022 08:26

UK bank holiday flight cancellations mean almost 290,000 fewer seats

(Alliance News) - Nearly 290,000 seats have been cut from UK bank holiday flight schedules in recent weeks, according to new analysis.

Read more
23 Aug 2022 13:35

Ryanair nudges up passenger target as adds more UK flights

DUBLIN, Aug 23 (Reuters) - Ryanair on Tuesday nudged up its full-year forecast for passenger numbers after adding more flights to its UK winter schedule in response to cuts by IAG-owned rival British Airways.

Read more
23 Aug 2022 12:17

Ryanair nudges up passenger target on increased UK capacity

DUBLIN, Aug 23 (Reuters) - Ryanair said on Tuesday it expects to grow traffic to 166.5 million passengers in the year to the end of March, up from a previous target of 165 million after adding to its UK winter capacity.

Read more
23 Aug 2022 11:11

London's Gatwick returns to profit as Britons rush to holiday abroad again

Aug 23 (Reuters) - Britain's second biggest airport Gatwick returned to profit in the first six months of this year as Britons flocked to overseas holiday destinations, the company said on Tuesday as it lifted its 2022 forecast for passenger numbers.

Read more
22 Aug 2022 18:47

IAG's British Airways reduces Heathrow flights through winter

(Alliance News) - International Consolidated Airlines Group SA's British Airways said Monday it is reducing the number of its planned flights at London's Heathrow airport through the winter as the aviation sector continues to struggle with staffing issues amid resurging travel demand.

Read more
19 Aug 2022 17:07

LONDON MARKET CLOSE: FTSE 100 keeps head above water as pound sinks

(Alliance News) - The FTSE 100 managed to outperform European counterparts on Friday due to weakness in the pound as consumer confidence in the UK fell to a record low, while attention turns to next week's Jackson Hole Symposium.

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.