Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  International Consolidated Airlines Group    IAG   ES0177542018

INTERNATIONAL CONSOLIDATED AIRLINES GROU

(IAG)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

International Consolidated Airlines : British Airways owner IAG to cap share ownership by non-Europeans

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/11/2019 | 02:20pm EST
FILE PHOTO: An Iberia Airbus A319 airplane takes off from the Adolfo Suarez Madrid-Barajas airport

MADRID (Reuters) - IAG, the owner of British Airways and Iberia airlines, said on Monday that it would cap ownership of its shares by non-Europeans at the current 47.5 percent level to maintain its status as a European-owned airline.

Britain is due to leave the European Union on March 29 but has yet to seal a withdrawal agreement, posing a potential risk to airlines that do not meet EU rules requiring European carriers to be majority-owned and operated in the bloc.

Airlines that will no longer be majority owned by EU nationals once Britain leaves the EU face the threat of losing their right to fly within the bloc after Brexit due to share ownership rules.

European Commission sources told Reuters that Brussels encouraged IAG and all airlines concerned to check with the national licensing authorities whether they would still meet the operating licence requirements in case of a "no deal" Brexit.

IAG said in a statement it would suspend the voting rights of any shares acquired by a relevant non-EU person and require the owner to sell the shares to a third party or to the airline group itself.

But IAG said that United Kingdom citizens would not be subjected to this buying cap.

IAG is registered in Spain and has its corporate headquarters in Britain. It has shareholders from around the world.

The Spanish government has said it is confident national flag carrier Iberia is a Spanish company and will be able to fly across Europe in the event of a disorderly Brexit.

(Reporting by Andres Gonzalez; Editing by Ingrid Melander and Jane Merriman)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INTERNATIONAL CONSOLIDATED
02/13AIRBUS POISED TO AX A380 AS EMIRATES : sources
RE
02/12INTERNATIONAL CONS AIRLINES GROUP : IAG Limit on Non-EU Shareholdings
AQ
02/12LONDON MARKETS: London Struggles As Investors Eye U.S. Politics; TUI Under Pr..
DJ
02/12INTERNATIONAL CONSOLIDATED AIRLINES : FLIGHT'S OVER British Airways owner puts c..
AQ
02/11INTERNATIONAL CONSOLIDATED AIRLINES : British Airways owner IAG to cap share own..
RE
02/11INTERNATIONAL CONSOLIDATED AIRLINES : IAG Limit on Non-EU Shareholdings
PU
02/07INTERNATIONAL CONSOLIDATED AIRLINES : January 2019
PU
02/07INTERNATIONAL CONSOLIDATED AIRLINES : IAG traffic and capacity statistics &ndash..
PU
02/07INTERNATIONAL CONSOLIDATED AIRLINES : IAG traffic and capacity statistics Jan 20..
PU
02/07Norwegian Air puts brakes on 2019 growth plans
RE
More news
Financials (€)
Sales 2018 24 302 M
EBIT 2018 3 256 M
Net income 2018 2 736 M
Debt 2018 1 058 M
Yield 2018 3,99%
P/E ratio 2018 5,57
P/E ratio 2019 6,65
EV / Sales 2018 0,66x
EV / Sales 2019 0,61x
Capitalization 14 927 M
Chart INTERNATIONAL CONSOLIDATED AIRLINES GROUP
Duration : Period :
International Consolidated Airlines Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INTERNATIONAL CONSOLIDATED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 7,75 €
Spread / Average Target 2,2%
EPS Revisions
Managers
NameTitle
William Matthew Walsh Chief Executive Officer & Director
Antonio Vázquez Romero Chairman
Enrique Dupuy de Lôme Chávarri Group Chief Financial Officer & Executive Director
Patrick Jean-Pierre Cescau Senior Independent Director
Kieran C. Poynter Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
INTERNATIONAL CONSOLIDATED AIRLINES GROUP7.41%16 858
DELTA AIR LINES1.16%35 021
UNITED CONTINENTAL HOLDINGS INC5.28%24 061
AIR CHINA LTD.9.42%16 837
RYANAIR HOLDINGS PLC9.62%15 156
ANA HOLDINGS INC5.35%12 800