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International Consolidated Airlines Group SA (ICAG.L)

ICAG.L on London Stock Exchange

550.80GBp
20 Nov 2019
Change (% chg)

-3.00 (-0.54%)
Prev Close
553.80
Open
552.40
Day's High
558.00
Day's Low
546.60
Volume
4,848,836
Avg. Vol
6,387,660
52-wk High
669.41
52-wk Low
411.50

Latest Key Developments (Source: Significant Developments)

IAG CEO Walsh Says Can't See Any Direct Brexit Impact On Bookings
Friday, 8 Nov 2019 

Nov 8 (Reuters) - International Consolidated Airlines Group SA ::CEO WALSH SAYS THERE WILL BE M&A OPPORTUNITIES, BUT MANY OF THE AIRLINES WILL BE WEAK AND IT IS BETTER TO STAND BACK.CEO WALSH SAYS CLEAR WE NEED TO RATIONALISE BRANDS, ESPECIALLY IN THE SPANISH MARKET.CEO WALSH SAYS CAN'T SEE ANY IMPACT ON PERFORMANCE THAT IS DIRECTLY RELATED TO BREXIT, ASIDE FROM VIA UK GDP.  Full Article

IAG CFO Says We Have The Ability To Exploit Opportunities If There Are Any
Friday, 8 Nov 2019 

Nov 8 (Reuters) - IAG ::CFO SAYS THERE WILL BE ZERO CAPACITY GROWTH AT VUELING IN 2020, WE SEE WEAKNESS THERE.CFO SAYS WE WILL BE OUT OF THE BOEING 747 AT BA BY EARLY 2024.CFO SAYS , ON LOI FOR 737 MAX, HAVEN'T REACHED DEFINITIVE AGREEMENT YET.CFO SAYS WE HAVE A STRONG BALANCE SHEET, WE HAVE THE ABILITY TO EXPLOIT OPPORTUNITIES IF THERE ARE ANY.  Full Article

International Consolidated Airlines Says Oct Revenue Passenger Kilometres Up 4.8%
Friday, 8 Nov 2019 

Nov 8 (Reuters) - International Consolidated Airlines Group SA ::INTL CON AIRLINE GRP - IAG TRAFFIC AND CAPACITY STATISTICS OCTOBER 2019.IAG - TRAFFIC IN OCTOBER, MEASURED IN REVENUE PASSENGER KILOMETRES, INCREASED BY 4.8 PER CENT VERSUS SAME PERIOD LAST YEAR.IAG - CAPACITY MEASURED IN AVAILABLE SEAT KILOMETRES INCREASED BY 2.7 PER CENT VERSUS SAME PERIOD LAST YEAR.  Full Article

IAG To Buy Air Europa For 1 Bln Euros
Monday, 4 Nov 2019 

Nov 4 (Reuters) - International Consolidated Airlines Group SA ::INTL CON AIRLINE GRP - AGREEMENT FOR THE ACQUISITION OF AIR EUROPA.IAG - AGREEMENT FOR ACQUISITION OF AIR EUROPA FOR EUR 1 BILLION.IAG - PROPOSED DEAL FOR EUR 1 BILLION.IAG - EPS ACCRETIVE IN FIRST FULL YEAR AND ACCRETIVE TO IAG'S RETURN ON INVESTED CAPITAL BY FOURTH YEAR AFTER COMPLETION.IAG - DEAL TO BE EPS ACCRETIVE IN FIRST FULL YEAR AND ACCRETIVE TO IAG'S RETURN ON INVESTED CAPITAL BY FOURTH YEAR AFTER COMPLETION.IAG - HAS AGREED TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF AIR EUROPA ("AIR EUROPA") FOR EUR 1 BILLION TO BE SATISFIED IN CASH AT COMPLETION.IAG - ACQUISITION WILL BE FUNDED BY EXTERNAL DEBT..IAG - AGREED TO PAY AIR EUROPA A BREAK FEE OF EUR 40 MILLION IN EVENT THAT TRANSACTION FAILS TO RECEIVE NECESSARY REGULATORY APPROVALS, OTHERS.IAG - AIR EUROPA BRAND WILL INITIALLY BE RETAINED.  Full Article

IAG CEO Walsh Says Expects Global Macro Softness To Continue In 2020
Thursday, 31 Oct 2019 

Oct 31 (Reuters) - IAG ::CEO WALSH SAYS SOFTENING OF GLOBAL MACRO OUTLOOK WE'VE SEEN IN 2019 WE EXPECT TO CONTINUE IN 2020.CEO WALSH SAYS HAVE SEEN IMPACT ON YIELDS AS A RESULT OF CURRENCY MOVES IN ARGENTINA.CEO WALSH SAYS ISSUES AT BOEING ARE SIMILAR TO ISSUES THAT OTHER MANUFACTURERS EXPERIENCE.CEO WALSH SAYS REMAIN CONFIDENT THAT THE 737 MAX WILL RESUME FLYING.  Full Article

BALPA Says British Airways Pilots Asking To Consider More Strike Dates
Thursday, 26 Sep 2019 

Sept 26 (Reuters) - BALPA::SAYS GIVEN THAT UNION HAD NO RESPONSE FROM BRITISH AIRWAYS FOR MEANINGFUL NEGOTIATIONS, BA PILOTS NOW ASKING BALPA TO CONSIDER MORE STRIKE DATES.  Full Article

IAG, On Acquiring Thomas Cook Slots At Gatwick, Says Will Be Looking At Opportunities If Slots Are Available
Thursday, 26 Sep 2019 

Sept 26 (Reuters) - International Consolidated Airlines Group SA ::IAG, ON ACQUIRING THOMAS COOK SLOTS AT GATWICK, SAYS WILL BE LOOKING AT OPPORTUNITIES IF SLOTS ARE AVAILABLE.IAG SAYS THE STRIKE IN BARCELONA HAS HAD VERY LIMITED RIPPLE EFFECT INTO OTHER PARTS OF SPAIN.  Full Article

British Airways Reviewing Flying Schedule On Sept 27 On Scheduled Strike From BALPA - Spox
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - International Consolidated Airlines Group SA ::BRITISH AIRWAYS IS REVIEWING ITS FLYING SCHEDULE ON SEPT 27 BECAUSE OF SCHEDULED STRIKE FROM THE BRITISH AIRLINE PILOTS' ASSOCIATION - SPOKESWOMAN.  Full Article

British Airways Says Cancelled Nearly 100% Of Flights Due To BALPA Strike
Monday, 9 Sep 2019 

Sept 9 (Reuters) - BRITISH AIRWAYS: :BRITISH AIRWAYS SAYS CANCELLED NEARLY 100% OF FLIGHTS DUE TO BALPA STRIKE.  Full Article

British Airways owner IAG's Traffic Rises 6.6% In August
Friday, 6 Sep 2019 

Sept 6 (Reuters) - International Consolidated Airlines Group SA ::IAG TRAFFIC AND CAPACITY STATISTICS AUGUST 2019.TRAFFIC IN AUGUST, MEASURED IN REVENUE PASSENGER KILOMETRES, INCREASED BY 6.6 PER CENT VERSUS SAME PERIOD LAST YEAR.IAG CAPACITY MEASURED IN AVAILABLE SEAT KILOMETRES ROSE BY 4.5 PER CENT IN AUGUST VERSUS SAME PERIOD LAST YEAR.  Full Article

UPDATE 2-Dart Group sees demand boost after Thomas Cook collapse

* Shares rise almost 13% (Adds shares, analyst comment, estimates, TUI outlook, background)