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

INTERNATIONAL CONSOLIDATED AIRLINES GROU

(IAG)
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International Consolidated Airlines : British Airways suspending flights from Gatwick

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03/31/2020 | 04:18am EDT
Passengers walk with suitcases in Gatwick Airport, in Crawley

British Airways said it is temporarily suspending flights from Gatwick Airport in southern England, Britain's second busiest airport, due to the coronavirus.

BA's boss warned earlier in March that the airline was in a battle for survival and would have to cut jobs and park planes.

"Due to the considerable restrictions and challenging market environment, like many other airlines, we will temporarily suspend our flying schedule at Gatwick," a BA spokesman said.

BA said it will contact affected customers. The airline continues to operate some flights from its main hub at Heathrow.

Parent company IAG said flying capacity would be down 75% in April and May.

Rival airline easyJet said on Monday that it had grounded its entire fleet.

Gatwick Airport said last week it would shut one of its two terminals on Wednesday.

(Reporting by Sarah Young)

Stocks mentioned in the article
ChangeLast1st jan.
EASYJET PLC 5.80% 767.5578 Delayed Quote.-49.13%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, SA 7.94% 270.8 Delayed Quote.-59.90%
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Financials
Sales 2020 11 573 M 12 957 M 12 957 M
Net income 2020 -2 951 M -3 304 M -3 304 M
Net Debt 2020 13 137 M 14 708 M 14 708 M
P/E ratio 2020 -1,57x
Yield 2020 -
Capitalization 5 597 M 6 239 M 6 266 M
EV / Sales 2019
EV / Sales 2020 1,62x
Nbr of Employees 64 642
Free-Float 74,3%
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Mean consensus BUY
Number of Analysts 18
Average target price 4,03 €
Last Close Price 2,82 €
Spread / Highest target 87,4%
Spread / Average Target 43,0%
Spread / Lowest Target -21,0%
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Managers
NameTitle
William Matthew Walsh Chief Executive Officer & Director
Antonio Vázquez Romero Chairman
Stephen William Lawrence Gunning Chief Financial Officer & Executive Director
John Gibbs Chief Information Officer
Kieran C. Poynter Independent Non-Executive Director
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