Shares in International Consolidated Airlines (IAG) were down more than 2 per cent in early trading as British Airways pilots begin a two day strike over an ongoing dispute about pay and conditions. Around 1,700 flights have been cancelled as a result with around 4,000 pilots involved in the strike, and is expected to cost the airline up to £40m per day. Pilot union Balpa said cost cuts have eroded confidence in the airline, but British Airways chief executive Alex Cruz said investment in the operator has never been so high. Sell.
*Domestic includes routes within UK, Spain and Italy. Further developing IAG's sustainability strategy, on 20 August British Airways, Shell and sustainable aviation fuel company Velocys announced that they had submitted planning permission to build Europe's first household waste to jet fuel plant in Humberside, UK. *British Airways includes BA CityFlyer;...
RNS Number: 6829 K International Cons Airlines Group 30 August 2019. In accordance with Disclosure and Transparency Rule 5.6. 1 R, International Consolidated Airlines Group, S.A. announces that, on 30 August 2019, the Company holds 7,702,495 treasury shares with a nominal value of €0.50 each, and the Company's issued share capital consists of 1,984,330,139....
RNS Number: 4299 I International Cons Airlines Group 08 August 2019. *Domestic includes routes within UK, Spain, Ireland and Italy. On 26 July, Aer Lingus took delivery of its first Airbus 321 neo LR aircraft which operated its inaugural flight from Dublin to Hartford, Connecticut on 2 August.
RNS Number: 0974 I International Cons Airlines Group 06 August 2019 NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM. NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED...
British Airways parent IAG expects 2019 operating profit before exceptional items to be in line with last year’s pro forma result, thanks to the higher price of fuel. The airline company reported an operating profit of €960m for the second quarter, up 6.7% from last year and a 9.5% increase in revenue to €6.8bn. At constant currency, fuel unit costs were up 6.3% in Q2. CEO Willie Walsh said the airline company had still manage to deliver “good” results despite the oil price.
International Consolidated Airlines Group (IAG.L) Announced, in its results for the six months ended 30 June 2019, that revenues rose to €12.1 billion from €11.2 billion recorded in the same period a year ago. Profit after tax narrowed to €0.8 billion from €1.4 billion. The Directors proposed that no dividend will be paid for the six months to June 30, 2019 (June 30, 2018: nil).
·Second quarter operating profit €960 million before exceptional items. ·Operating profit before exceptional items for the half year €1,095 million, down 11.7 per cent. ·Cash of €8,031 million at June 30, 2019 was up €1,757 million on December 31, 2018 and net debt to EBITDA decreased by 0.3 to 0.9 times.
RNS Number: 4129 H International Cons Airlines Group 31 July 2019. In accordance with Disclosure and Transparency Rule 5.6. 1 R, International Consolidated Airlines Group, S.A. announces that, on 31 July 2019, the Company holds 7,702,495 treasury shares with a nominal value of €0.50 each, and the Company's issued share capital consists of 1,984,330,139. Each...
International Consolidated Airlines Group Plc (IAG.L) Announced that following the purchase and cancellation of 89.44% of the convertible bonds due 17 November 2020, it has decided to early redeem the remaining 10.56% of the bonds in accordance with Condition 7(b)(ii) of the terms and conditions of the bonds. The aggregate principal amount of the remaining bonds is equal to €52.8 million.
The aggregate principal amount of the Remaining Bonds is equal to €52,800,000.. Madrid, 2 6 July 2019.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Following the relevant events published on 24 June 2019, on 26 June 2019 on 27 June 2019 and on 5 July 2019, the Company hereby announces that it has completed the purchase, amortized and cancelled 89.44% of the Convertible Bonds due 17 November 2020, ISIN XS1322536332 for an aggregate nominal amount of €447,200,00.. Therefore, taking all the above into...
British Airways is to be fined a record £183m following a major hacking incident last year when 185,000 customers' payment details were stolen. The penalty, which represents 1.5% of BA’s airline’s worldwide turnover in 2017, is being levied by the UK Information Commissioner's Office under the UK Data Protection Act, which came into force in May last year. BA chairman and chief executive Alex Cruz says the company is “surprised and disappointed” by the initial finding, given that it responded quickly to the discovery of the theft last September and has found no evidence of fraud linked to it. Willie Walsh, chief executive of BA’s parent International Consolidated Airlines Group, says the company will be “making representations” to the ICO about the proposed fine and intends to “take all appropriate steps to defend the airline's position vigorously, including making any necessary appeals".
International Consolidated Airlines Group (IAG.L) Announced that further to the theft of customer data from British Airways' website, disclosed on 6 September 2018 and 25 October 2018, British Airways has been notified by the UK Information Commissioner's Office (ICO) that it intends to issue the airline with a penalty notice under the UK Data Protection Act. The ICO has indicated that it proposes to impose a penalty of £183.39 million.
UK Information Commissioner's Office issues Notice of Intent. Further to the theft of customer data from British Airways' website, disclosed on 6 September 2018 and 25 October 2018, British Airways has been notified by the UK Information Commissioner's Office that it intends to issue the airline with a penalty notice under the UK Data Protection Act.
*Domestic includes routes within UK, Spain, Ireland and Italy. On 28 June, IAG launched and priced a €1.0 billion dual tranche offer of senior unsecured bonds. The proceeds of the transaction will be used to fund the repurchase of the €500 million 0.25 per cent convertible bond due in November 2020 and other corporate purposes..
RNS Number: 6450 E International Cons Airlines Group 05 July 2019 INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A., pursuant to article 17 of Regulation No. 596/ 2014 of the European Parliament and of the Council on Market Abuse and article 226 of the Restated Text of the Spanish Securities Market Act approved by Royal Legislative Decree 4/ 2015, of 23 October and...
Following the relevant events published on 28 June 2019 regarding the launch by IAG of the issue of two tranches of senior unsecured bonds for an aggregate principal amount of EUR 1 billion, it is hereby announced that on the date hereof, being the closing date of the Issue, the Bonds have been issued, fully subscribed and settled.. Banco Santander, S.A. and Credit...
RNS Number: 9222 D International Cons Airlines Group 28 June 2019 International Consolidated Airlines Group, S.A., pursuant to article 17 of Regulation No. 596/ 2014 of the European Parliament and of the Council on Market Abuse and article 226 of the Restated Text of the Spanish Securities Market Act approved by Royal Legislative Decree 4/ 2015, of 23 October and...
RNS Number: 8712 D International Cons Airlines Group 28 June 2019. In accordance with Disclosure and Transparency Rule 5.6. 1 R, International Consolidated Airlines Group, S.A. announces that, on 28 June 2019, the Company holds 7,726,083 treasury shares with a nominal value of €0.50 each, and the Company's issued share capital consists of 1,984,306,551. Each...
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Company Profile

IAG was formed by the merger of British Airways and Iberia in January 2011. It is one of the largest airline groups with over four hundred aircraft flying 55 million passengers to 200 destinations. They are also major conveyors of air-cargo. BA is principally located in the UK and are sole tenants of Terminal 5 at Heathrow, the world's busiest hub and biggest premium travel market. Iberia, principally based at Madrid's Terminal 4, operates a major network between Europe and Latin America.

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Waterside HAA2
Speedbird way
Harmondsworth
London
UB7 0GB
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