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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  International Consolidated Airlines Group, S.A.    IAG   ES0177542018

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

(IAG)
  Report
Delayed Quote. Delayed London Stock Exchange - 12/04 11:35:18 am
169.55 GBX   -0.26%
12/04IAG : Deutsche Bank remains its Buy rating
MD
12/01IAG : Receives a Buy rating from UBS
MD
11/27Gatwick Airport sees travel boost from new testing rules
RE
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UK's new travel testing plan will boost flying, minister says

10/14/2020 | 07:34am EST

LONDON, Oct 14 (Reuters) - Britain's transport minister said on Wednesday that his coronavirus testing plans would get more people flying in the months ahead, sounding an optimistic note at a time when travel companies are struggling to survive.

A 14-day quarantine for arrivals from most countries could be replaced by an as-yet unspecified shorter isolation period followed by a negative test result under plans that Transport Minister Grant Shapps set out last week.

"I believe the measures I've outlined will result in significantly more people flying in the months ahead," Shapps told a virtual ABTA travel industry association event.

Airlines have cut back their already anaemic flying schedules for autumn due to mounting travel restrictions in Europe.

Shapps said the government was working hard to get the new arrivals regime in place and much of the work had already been done, with another approach also being considered for pre-departure testing. Final details due in early November.

British Airways said in a statement it backed pre-flight testing, "where travellers arriving in the UK all have a negative test up to 72 hours before flying".

But the International Air Transport Association has said the plan does not go far enough, because 80% of travellers will not fly it there is any quarantine in place.

Virgin Atlantic chief executive Shai Weiss told the event that a travel testing regime was urgently needed.

After a 1.2 billion pound rescue and nearly 5,000 job cuts, Virgin is prepared for a severe downturn which continues into next year, but he warned that beyond that there would be airline failures.

"At some point if borders do not open up ... there's only a certain amount of time that you can survive," Weiss said.

ABTA, representing 4,300 UK travel brands, urged the government to provide more support. Shapps said his focus was on enabling travel through "test and release".

He said a recovery plan for the aviation industry would be set out later this autumn. (Reporting by Sarah Young; editing by Kevin Liffey/Jane Merriman and Emelia Sithole-Matarise)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
EASYJET PLC 1.26% 928.8 Delayed Quote.-34.80%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. -0.26% 169.55 Delayed Quote.-60.35%
JET2 PLC -0.07% 1428 Delayed Quote.-15.70%
RYANAIR HOLDINGS PLC 5.15% 17.06 Delayed Quote.16.61%
TUI AG 1.98% 5.14 Delayed Quote.-54.91%
All news about INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
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Financials
Sales 2020 8 421 M 10 206 M 10 206 M
Net income 2020 -5 627 M -6 819 M -6 819 M
Net Debt 2020 11 787 M 14 286 M 14 286 M
P/E ratio 2020 -0,96x
Yield 2020 0,04%
Capitalization 9 332 M 11 344 M 11 310 M
EV / Sales 2020 2,51x
EV / Sales 2021 1,47x
Nbr of Employees 63 501
Free-Float 89,6%
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International Consolidated Airlines Group, S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 1,94 €
Last Close Price 1,88 €
Spread / Highest target 35,9%
Spread / Average Target 3,12%
Spread / Lowest Target -41,0%
EPS Revisions
Managers
NameTitle
Luís Gallego Martín Chief Executive Officer & Executive Director
Antonio Vázquez Romero Chairman
Stephen William Lawrence Gunning Chief Financial Officer & Executive Director
John Gibbs Chief Information Officer
Alberto Miguel Terol Esteban Senior Independent Director
Sector and Competitors