Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

(IAG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

International Consolidated Airlines : Britain to quarantine travellers for 14 days, UK airlines body says

05/09/2020 | 02:32pm EDT
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in London

By James Davey

The British government has told airlines it will introduce a 14-day quarantine period for most people arriving from abroad to try to avoid a second peak of the coronavirus outbreak, an association representing the airlines said on Saturday.

Airlines UK, which represents British Airways, easyJet and other UK carriers, said the move required "a credible exit plan" and should be reviewed weekly. Airport operators said it could have a "devastating" impact on the aviation industry and the broader economy.

The quarantine plan was first reported by The Times newspaper, which said Prime Minister Boris Johnson would announce on Sunday that passengers arriving at airports and ports, including Britons returning from abroad, would have to self-isolate for a fortnight.

Under measures that are likely to come into force in early June, travellers will have to provide the address at which they will self-isolate on arrival, The Times said.

"These measures will help protect the British public and reduce the transmission of the virus as we move into the next phase of our response," The Times quoted a government source as saying.

Johnson's Downing Street office and the interior ministry declined comment.

At the government's daily news briefing, transport minister Grant Shapps did not confirm the quarantine plans but said, with the UK infection rate down, "it clearly then makes sense to look at what happens at the borders".

Ireland has had similar measures in place since last month.

Johnson is due to announce on Sunday the next steps in Britain's battle to tackle the pandemic following a review by ministers of lockdown measures that have all but shut down the economy and kept millions at home for nearly seven weeks.

'UNBELIEVABLE CAUTION'

Airport operators said a quarantine would compound damage done by the virus to the aviation industry as it would put people off travelling when lockdown restrictions are lifted.

"Quarantine would not only have a devastating impact on the UK aviation industry, but also on the wider economy," said Karen Dee, Chief Executive of the Airport Operators Association.

"If the government believes quarantine is medically necessary, then it should be applied on a selective basis following the science, there should be a clear exit strategy and the economic impact on key sectors should be mitigated."

Airlines UK said it would seek assurances that the move is "led by the science" and that airlines would need support measures to ensure the aviation sector gets through the quarantine period.

Pilots union Balpa said it was concerned the commercial impact of a quarantine scheme had not been thought through by the government.

The Times report said travellers from Ireland, the Channel Islands and the Isle of Man would be exempt from the quarantine, as would lorry drivers bringing crucial supplies.

It said the authorities would carry out spot checks and those found to be breaking the rules would face fines or deportation.

Britain has reported 31,587 deaths from the coronavirus and Shapps said Johnson would not announce any dramatic changes to Britain's lockdown on Sunday.

"We will have to proceed with an unbelievable degree of caution, we will not be able to go back to business as usual," he said.

(Reporting by James Davey, additional reporting by Estelle Shirbon in London and Aishwarya Nair in Bengaluru, Editing by Ros Russell and Timothy Heritage)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
EASYJET PLC 4.10% 680.6 Delayed Quote.-2.60%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. 1.96% 175.6 Delayed Quote.9.89%
All news about INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
09/24VIDEO : This week's gainers and losers
09/24GLOBAL MARKETS LIVE : Daimler, GeNeuro, Nike, Thermo Fischer...
09/23INTERNATIONAL CONSOLIDATED AIRLINES : IAG's British Airways Drops Plan to Set Up Short-Ha..
MT
09/23Industrials Move Higher Even as Business Activity Slows -- Industrials Roundup
DJ
09/23Wizz Air focused on organic growth - chief supply chain officer
RE
09/23BA to scrap Gatwick short-haul flights after low-cost plan fails
RE
09/22London Stocks Seen Higher on Evergrande Hope as Fed Looms
DJ
09/21BANK OF QUEENSLAND : Names New Chief Risk Officer
MT
09/21Eurostoxx 50 : European shares recover from worst session in two months; UMG soars in d..
RE
09/21As America reopens, airlines hunger to reclaim transatlantic cash
RE
More news
Analyst Recommendations on INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
More recommendations
Financials
Sales 2021 9 250 M 10 839 M 10 839 M
Net income 2021 -2 852 M -3 342 M -3 342 M
Net Debt 2021 13 115 M 15 368 M 15 368 M
P/E ratio 2021 -3,60x
Yield 2021 -
Capitalization 10 158 M 11 908 M 11 904 M
EV / Sales 2021 2,52x
EV / Sales 2022 1,21x
Nbr of Employees 50 813
Free-Float 74,5%
Chart INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
Duration : Period :
International Consolidated Airlines Group, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
Short TermMid-TermLong Term
TrendsBullishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 2,05 €
Average target price 2,68 €
Spread / Average Target 30,9%
EPS Revisions
Managers and Directors
Luís Gallego Martín Chief Executive Officer & Executive Director
Stephen William Lawrence Gunning Chief Financial Officer
Javier Ferrán Larraz Chairman
John Gibbs Chief Information Officer
Alberto Miguel Terol Esteban Senior Independent Director