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MarketScreener Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

AMERICAN EXPRESS COMPANY

(AXP)
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American Express : IAG Renews Commercial Partnership With American Express

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07/24/2020 | 03:31am EDT

By Anthony O. Goriainoff

 

International Consolidated Airlines Group S.A. said Friday that it has signed a multi-year renewal with American Express which will extend their commercial partnership.

The airline group--which houses British Airways, Iberia, and Vueling among others--said that under the agreement American Express will pay IAG Loyalty around 750 million pounds ($955.6 million), and that a significant part of this is a pre-purchase of Avios points. American Express will use these in the U.K. and worldwide for its British Airways co-branded cards and membership rewards program, the company said.

IAG Loyalty is a subsidiary of IAG which offers a range of services to the group's airlines and business-to-business clients.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 


Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN EXPRESS COMPANY -0.56% 90.54 Delayed Quote.-26.85%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. 5.29% 95.66 Delayed Quote.-78.02%
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Financials (USD)
Sales 2020 36 164 M - -
Net income 2020 2 695 M - -
Net Debt 2020 - - -
P/E ratio 2020 27,0x
Yield 2020 1,89%
Capitalization 73 330 M 73 330 M -
Capi. / Sales 2020 2,03x
Capi. / Sales 2021 1,83x
Nbr of Employees 64 000
Free-Float 99,9%
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Technical analysis trends AMERICAN EXPRESS COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Average target price 107,38 $
Last Close Price 91,07 $
Spread / Highest target 42,7%
Spread / Average Target 17,9%
Spread / Lowest Target -3,37%
EPS Revisions
Managers
NameTitle
Stephen J. Squeri Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive VP-Finance
Marc D. Gordon Chief Information Officer & Executive VP
Charlene Barshefsky Independent Director
Peter F. Chernin Independent Director
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