BABWF - International Consolidated Airlines Group, S.A.

Other OTC - Other OTC Delayed Price. Currency in USD
8.31
0.00 (0.00%)
At close: 2:36PM EST
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Previous Close8.31
Open8.35
Bid0.00 x 0
Ask0.00 x 0
Day's Range8.31 - 8.31
52 Week Range5.04 - 8.48
Volume1,450
Avg. Volume5,678
Market Cap16.566B
Beta (5Y Monthly)0.85
PE Ratio (TTM)5.19
EPS (TTM)1.60
Earnings DateN/A
Forward Dividend & Yield0.32 (4.07%)
Ex-Dividend DateNov 28, 2019
1y Target EstN/A
  • Reuters

    American Airlines selects Seattle for first direct U.S. flight to Bangalore

    American Airlines Group Inc said on Thursday it would launch its first direct U.S. flight to Bangalore from Seattle, a new route meant to meet corporate customers' demand for travel to the center of India's high-tech industry. As part of the launch targeted for October, American is expanding its codeshare with Seattle-based Alaska Airlines , which is expected to help feed passengers on American's international routes out of the city. Alaska Airlines is one of the biggest operators of flights along the West Coast, where businesses from Seattle to San Diego have bases of operation in Bangalore, and American is one of the largest U.S. long-haul carriers.

  • Reuters

    Coronavirus travel slowdown spreads from China across Asia-study

    The coronavirus outbreak is causing travel demand across the whole Asia Pacific region to slump, data showed on Thursday, as the impact of the flu-like illness on future bookings spreads beyond China. ForwardKeys, a travel analytic company, said that airline bookings from across the region were 10.5% lower for March and April 2020 compared with last year. Outbound travel from Japanese and South Korean markets were the worst hit, with bookings to worldwide destinations down 17% for the next two months, compared with the same period in 2019, showed ForwardKeys data.

  • European stocks close at record high as travel sector booms
    MarketWatch

    European stocks close at record high as travel sector booms

    European stocks rebounded on Tuesday in a broad-based advance, with the travel sector rallying as tour operator Tui demonstrated how it has benefited from the collapse of a rival.

  • Reuters

    EU aviation agency says monitoring coronavirus, no current need for directive

    The European Union Aviation Safety Agency (EASA) issued a safety information bulletin on Monday saying It was closely monitoring developments related to the coronavirus outbreak in China but the concern does currently warrant an operational directive.

  • Reuters

    British Airways cancels mainland China flights until end of March

    British Airways said on Monday all its flights to mainland China had been cancelled until the end of March as the government continues to advise against all but essential travel to the country due to an outbreak of coronavirus. Last month British Airways suspended flights to Beijing and Shanghai until the end of February.

  • Reuters

    UK says two of its new coronavirus cases are healthcare workers

    Two of the new coronavirus cases in Britain announced on Monday are healthcare workers, Public Health England said. Earlier, Britain said the number of confirmed coronavirus cases had doubled to eight as the government declared the virus a serious and imminent threat, giving it additional powers to isolate those suspected of being infected. "We are now working urgently to identify all patients and other healthcare workers who may have come into close contact, and at this stage we believe this to be a relatively small number," Public Health England Medical Director Yvonne Doyle said in a statement.

  • Reuters

    Likely Irish kingmaker Green Party eyes aviation tax, megaprojects

    Ireland's Green Party, likely to be a kingmaker after Saturday's election, would re-introduce an aviation tax opposed by Ryanair and push two megaprojects to cut carbon emissions if it enters government, leader Eamon Ryan said in an interview this week. While recent opinion polls show the Green Party in fourth place with around 8% support, the country's two dominant parties, Fine Gael and Fianna Fail, have consistently named the Greens as a preferred partner.

  • Barrons.com

    Airline Stocks Bounce Back as Coronavirus Drug Hopes Rise

    Airline stocks have bounced back after reports of a drug breakthrough in the fight against the coronavirus and as the British Airways boss played down the virus’ impact on the industry.

  • British Airways owner IAG sees coronavirus having only marginal impact on global travel
    Reuters

    British Airways owner IAG sees coronavirus having only marginal impact on global travel

    The coronavirus epidemic will have a only a marginal impact on global travel demand and the airline industry is healthy enough to absorb any economic slowdown in China, the chief executive of British Airways parent IAG said on Wednesday. Dozens of airlines have suspended flights to China in response to the worsening health emergency that has killed close to 500, nearly all in the country, while a meeting of international aviation officials in Singapore was cancelled.

  • Reuters

    IAG CEO says coronavirus impact on air travel demand will be marginal

    The chief executive of International Airlines Group (IAG) said he believes the overall impact of coronavirus on global air travel demand will be marginal. IAG, which owns British Airways and others, has not identified the impact of the new virus on demand for the airlines it owns, except for cancelled flights to China, Willie Walsh said, speaking at an aviation event in Doha on Wednesday. Aviation remains as safe as any other form of mass transport following the new coronavirus outbreak, Qatar Airways chief executive Akbar Al Baker said, speaking at the same event.

  • British aviation industry outlines plans for net-zero emissions by 2050
    Reuters

    British aviation industry outlines plans for net-zero emissions by 2050

    Britain's aviation industry has set out plans to reach a target of net-zero carbon emissions by 2050, even with the building of a third runway at Heathrow airport which is expected to drive up flight numbers. The plans were published on Tuesday by the Sustainable Aviation coalition of companies in the British sector, including engine-maker Rolls Royce, airline easyJet, BP's aviation fuel arm AirBP and planemaker Airbus. Meeting the emissions target is likely to require several major changes in the industry, such as more efficient aircraft and a significant increase in the use of sustainable aviation biofuels, which are currently not widespread.

  • OPEC Only Faces One Choice in China Virus Crisis
    Bloomberg

    OPEC Only Faces One Choice in China Virus Crisis

    (Bloomberg Opinion) -- Oil producers are starting to feel the impact of  the new coronavirus as it continues to spread, and they need to take drastic action to head off a potentially devastating impact on prices. The world’s biggest producers face two key questions, how long will it last and how severe will the consequences will be? The answers are of course still elusive, but the OPEC+ group of nations will need to weigh some educated guesses soon.The initial reaction resembles that of an agitated anthill, with frantic scurrying in all directions amid an apparent lack of coordination. The final days of last week saw calls for their next meeting, scheduled for the first week of March, to be brought forward, perhaps by as much as a month. That move appeared to be driven by Saudi Arabia, OPEC’s biggest producer, but initially found little support from the largest of the non-OPEC members of the wider group — Russia. One of the key challenges facing the Organization of the Petroleum Exporting Countries and its big oil-producing counterparts is that they have no idea how big a problem they face. At this point, estimates of the epidemic’s impact on oil demand vary widely. S&P Global Platts sees global oil demand falling by an “almost catastrophic” 2.6 million barrels a day in February and 2 million barrels in March in its worst-case scenario. No wonder producers are in a panic.China is, by far, the biggest market for OPEC+ crude exports, with the big Persian Gulf producers particularly vulnerable. Tanker tracking data compiled by Bloomberg show that almost a quarter of all shipments out of the region last year went to China. Add in the other three big Asian buyers — India, Japan and South Korea — and that share rises to two-thirds.It is difficult to overestimate the importance of China to global oil balances. Earlier this month, OPEC’s own forecasts showed the world’s most populous country accounting for more than a quarter of all the growth in oil demand worldwide this year. The International Energy Agency saw it playing an even bigger role, with almost 40% of incremental demand in China. The word “virus” didn’t appear in either of those agencies’ monthly reports.The virus will not affect all oil products equally. With travel bans and an extended Lunar New Year holiday, transport fuels will be hit hardest. Gasoline, jet fuel and gas/diesel oil were expected to account for 55% of China’s oil demand this year and make up almost 60% of the growth.It is these products that will be hardest hit — and not just in China. Flight bans to China by many airlines, including British Airways Plc and Delta Air Lines Inc., and travel restrictions on Chinese tourists will have a knock-on effect on fuel use elsewhere, particularly in nearby countries that are favored destinations for tour groups.And then there’s all of the other knock-on effects. Lower demand from end users means lower demand from refiners. Major state-owned Chinese refiners may cut run rates below 70% to cope with falling demand, industry consultant JLC said in a note, while operating rates at privately-owned independent refineries in the eastern Chinese province of Shandong may be cut to below 50%.Even before the new coronavirus began to hit oil consumption, the swing producers that make up OPEC+ were in trouble. The hard-won output deal they reached in December failed to deliver any significant cuts to total output levels, and prices have drifted lower. The deal’s currently scheduled to expire at the end of March. Simply extending the cuts will do nothing to improve the worsening balances between supply and demand, and therefore it will take more to light a fire under oil prices. Deeper cuts will be much harder to agree — Russia, for one, is against them — but that's the only thing that will lift prices in the face of a Chinese slowdown.There are already signs that slowdown is happening. Sales of Latin American oil cargoes to China ground to a halt last week. Persian Gulf producers are starting to receive preliminary nominations from their customers of how much oil they want in March, and that will indicate whether Chinese refiners seek to reduce the volumes they lift from export terminals in the region.Non-OPEC countries — led by the U.S., Norway, Brazil and new producer Guyana — were already expected to add two extra barrels for every additional one consumed worldwide this year, squeezing OPEC. The loss of much of China’s oil demand growth will crush the producer group under the weight of falling oil prices, unless, collectively, they cut their output further.To contact the author of this story: Julian Lee at jlee1627@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Julian Lee is an oil strategist for Bloomberg. Previously he worked as a senior analyst at the Centre for Global Energy Studies.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    WRAPUP 3-Major U.S. airlines cancel China flights as government steps up warnings

    WASHINGTON/CHICAGO Jan 31 (Reuters) - All three major U.S. airlines announced the cancellation of flights to mainland China on Friday as the U.S. government unveiled additional steps to curb the spread of the coronavirus, which originated in China. The trio of carriers, United Airlines Holdings Inc, Delta Air Lines Inc and American Airlines Group Inc , had already moved to reduce flights to China amid a sharp drop in demand due to the flu-like virus. The Trump administration on Friday declared a public health emergency over the coronavirus outbreak and said it would take the extraordinary step of barring entry to the United States of foreign nationals who have recently traveled to China.

  • Reuters

    WRAPUP 2-Pilots, flight attendants demand flights to China stop as virus fear mount worldwide

    CHICAGO/PARIS Jan 30 (Reuters) - Pilots and flight attendants are demanding airlines stop flights to China as health officials declare a global emergency over the rapidly spreading coronavirus, with American Airlines' pilots filing a lawsuit seeking an immediate halt. China has reported nearly 10,000 cases and 213 deaths, but the virus has spread to 18 countries often by plane passengers. The Allied Pilots Association (APA), which represents American Airlines pilots, cited "serious, and in many ways still unknown, health threats posed by the coronavirus" in a lawsuit filed in Texas, where the airline is based.

  • WHO Declares Emergency; Cruise Passengers Cleared: Virus Update
    Bloomberg

    WHO Declares Emergency; Cruise Passengers Cleared: Virus Update

    (Bloomberg) -- The World Health Organization called the outbreak of coronavirus in China a global health emergency, citing the risk that the sometimes-deadly virus could expand to other countries beyond the smattering of cases outside China so far.The declaration comes hours after the Centers for Disease Control and Prevention reported the first case of human-to-human transmission of the coronavirus in the U.S., in a woman who traveled to China and then infected her husband. As confirmed cases in China have topped 8,000, nations are taking drastic measures to stop the virus’s spread.Key Developments:Recap Bloomberg’s live blog of the WHO press conference hereAutomakers to likely cut China production by 15%, supplier saysItalian cruise ship will stay in port for now, despite negative diagnosisWhat a WHO Global Health Emergency Means: QuickTakeBloomberg is tracking the outlook here | Click here to view on terminalCruise Passengers Can Depart After Negative Test (4:21 p.m. NY)Passengers will be allowed to leave a cruise ship that was quarantined in Italy, after a woman with coronavirus symptoms tested negative for the disease. The Costa Smeralda and the 7,000 people on board had been barred from leaving an Italian port while the case was investigated.Cruise operator Carnival Corp. said Italian health authorities had diagnosed the 54-year-old passenger with the flu. Passengers will be allowed to disembark if they like, or can carry on with the ship as it continues its voyage, the company said.Carnival shares closed down 3.8% on Thursday in New York.WHO Calls Coronavirus International Emergency (3:06 p.m. NY)The World Health Organization declared the coronavirus outbreak centered in China a public health emergency of international concern, a step that will let public health authorities aid countries with less-robust health systems to stop the spread of the virus.WHO Director-General Tedros Adhanom Ghebreyesus praised China‘s efforts to contain the outbreak, saying he had never seen a nation respond so aggressively to a disease, including building a new hospital in just 10 days.“Let me be clear: This declaration is not a vote of no confidence in China,” Tedros said. “On the contrary the WHO continues to have confidence in China’s capacity to control the outbreak.”It’s a contrast to the criticism China faced for a lack to transparency during the SARS pandemic 17 years ago, which killed almost 800 people.Tedros says there’s no need at this time for measures that interfere with travel and trade, even though many governments, airlines and businesses have already taken such steps. He also urged people to be careful of rumors and rushing to judgment.“This is the time for facts not fear,” Tedros said. “This is the time for science not rumors. This is the time for solidarity not stigma.”In the past, the WHO has come under fire for raising the alert too soon as well as too late. The last respiratory illness to trigger a health emergency was the flu pandemic of 2009, which caused widespread alarm but ended up being relatively mild. The WHO’s emergency committee, a group of infectious-disease experts, last week delayed a decision on whether to make the emergency declartion.U.S. Has First Human-to-Human Transmission (12:43 p.m. NY)A woman in Chicago who had been diagnosed last week with the coronavirus infected her husband, the Centers for Disease Control and Prevention said Thursday, the first case of human-to-human transmission to occur in the U.S.Both patients are in their 60s and are doing well while being kept in isolation, CDC officials said on the call. The agency said the virus is not spreading widely and that the risk to the U.S. public remains low.Disease experts are still trying to understand exactly how the virus spreads, and at what point after a person has become infected they become contagious. It’s also not clear, said CDC officials, how long a person has to be sick for before they will test positive. Both factors can present a challenge for public health workers who are keeping close tabs on contacts of people considered at risk.The man and the woman had been in close contact, said the CDC, which appears to raise the risk of people becoming infected.European Airlines Halt China Flights (12:09 p.m. NY)European carriers led by British Airways said they’re temporarily quitting China as the deadly coronavirus spreads, following decisions by U.S. carriers to limit flights to the country.BA took the most dramatic step, saying Thursday it will cease flights to Beijing and Shanghai until March 1 after acting on U.K. Foreign Office advice. Iberia, its Spanish sister carrier at IAG SA, is also suspending operations, while Deutsche Lufthansa AG, Air France and SAS AB said they’ll exit China until Feb. 9.In the U.S., President Donald Trump’s economic adviser Larry Kudlow said the decision on canceling flights would be left to U.S. airlines, for now. Almost 11% of flights scheduled to or from China were scrapped between Jan. 23 and Jan. 28, based on research from Cirium, which analyzes air travel.Initial Tests Show No Coronavirus on Italy Ship (10:50 p.m. HK)Initial tests showed no coronavirus on a Carnival cruise ship that was blocked from leaving an Italian port. A 54-year-old woman from Macau had earlier demonstrated fever and respiratory symptoms. She has since been kept in isolation on board in the port of Civitavecchia, near Rome. Final results are expected later Thursday. Carnival Corp. stock pared declines to about 2% in the U.S.Russia Closes China Border as Fears Grow (8 p.m. HK)The Russian government ordered its vast land border with China shut as the Kremlin moves to keep the deadly coronavirus at bay. The closure affects movement of people, not goods.While it’s still possible to fly to China, the Foreign Ministry warned Russians to refrain from non-essential travel to the country. Russia hasn’t reported any cases of the virus.U.S. Plans Another Wuhan Evacuation Flight: Dow Jones (7 p.m. HK)The U.S. will provide an additional flight to evacuate private citizens from Wuhan on or about Feb. 3, Dow Jones reports, citing unidentified people familiar with the situation.An earlier flight carrying more than 200 Americans arrived at March Air Reserve Base in California, where the passengers are being monitored.Hong Kong Warns of Surgical Mask Shortage (6 p.m. HK)Hong Kong warned it’s struggling to supply enough surgical masks. Chief Secretary Matthew Cheung said the government has bought 13 million, but public hospitals are using five or six times as many as normal and Hong Kong is stepping up local production at correctional facilities to keep up with demand. Another 24 million should be available at retail outlets soon, he added.Hong Kong’s population is about 7 million. Chief Executive Carrie Lam will hold a briefing Friday on the government’s latest measures against the spread of the virus, Cheung said.India, Philippines Report First Virus Cases (4:55 p.m. HK)India and the Philippines reported their first confirmed cases of the coronavirus, as the illness continues its global spread.A student who attended Wuhan University tested positive in the southern Indian state of Kerala, the government said. Meanwhile, a 38-year-old female Chinese patient who arrived from Wuhan via Hong Kong on Jan. 21 has been confirmed as the first case in the Philippines.Chinese Regions Extend Holidays (2:57 p.m. HK):At least one Chinese city and several provinces have extended the Lunar New Year holiday beyond Feb. 2 in an effort to control the spread of the virus.Shanghai, the autonomous region of Inner Mongolia and provinces of Guangdong, Zhejiang, Jiangsu have said businesses need not start operations until at least Feb. 10. Hubei province, where Wuhan is located, has said the holiday will last until at least Feb. 14.China had already extended the holiday nationwide on Monday. It was originally due to end on Jan. 30, but was stretched to Feb. 2.Trump Appoints Coronavirus Task Force (12:24 p.m. HK)President Donald Trump appointed a task force to coordinate the U.S. response to the coronavirus outbreak.The task force will be led by Health and Human Services Secretary Alex Azar, said White House Press Secretary Stephanie Grisham in a statement. Other figures include Robert Redfield, director of the Centers for Disease Control and Prevention, as well as National Security Adviser Robert O’Brien.The White House also plans to send CDC experts to China to help respond to the outbreak.Supply-Chain Fears Hit Taiwan Stocks (12:08 p.m. HK)Concern that the virus outbreak will disrupt the global supply chain rippled through Taiwan’s stock market. Taiwan’s Taiex plunged more than 5%, the most since October 2018, as trading reopened following the Lunar New Year break.Foxconn’s Hon Hai Precision Industry Co., which assembles the majority of Apple Inc.’s iPhones from China and has minor operations in Wuhan, sank as much as 10%. Hon Hai said all of its facilities will resume full-scale production only from Feb. 10, more than a week later than originally planned.Virus Spread May Prompt WHO Action: Expert (11:40 a.m. HK)Developments over the past week may push the World Health Organization to issue a global alert over the coronavirus, after the agency last week stopped short of calling it a health emergency, according to a public health specialist.Evidence that the disease can be transmitted before a person shows any signs of illness could make a difference as WHO’s emergency committee meets later Thursday, said Raina MacIntyre, a professor of global biosecurity at the University of New South Wales in Sydney. The global spread of the virus could also be a factor, she said.“That brings a more complex issue to disease control,” McIntyre said in a phone interview Thursday. “It becomes much harder to control infection where you have got transmission without symptoms.”Three Japanese Evacuated From Wuhan Have Virus (9:09 a.m. HK)Three of the 206 people who returned to Japan from Hubei Province on Wednesday tested positive for the new coronavirus, with two not showing any symptoms, Japan Health Minister Katsunobu Kato told a parliamentary committee.Two other evacuees on the charter plane declined to be tested and were sent home, according to the Health Ministry. Kato said officials did not have the legal power to force them to be tested. A second charter plane carrying 210 more evacuees arrived in Tokyo from Wuhan on Thursday morning.China Virus Cases Surge to Over 7,700 (7:47 a.m. HK)China’s death toll from the coronavirus rose to 170 from 132 previously, while the number of cases on the mainland jumped to 7,711, according to the National Health Commission.U.S. to Send Experts to China: Kudlow (6:45 a.m. HK)President Donald Trump’s top economic adviser said the U.S. would send experts to China to help the nation contain the coronavirus outbreak.“We are sending our best experts from CDC to help them,” Larry Kudlow told reporters on Wednesday, referring to the U.S. Centers for Disease Control and Prevention. “The Chinese invited us to do so.”Asked whether the White House is considering restricting flights to China, Kudlow said, “there’s a lot of discussions going on one way or another.”\--With assistance from Josh Wingrove, Linly Lin, Jason Gale, Sofia Horta e Costa, Bryce Baschuk, James Paton, Michelle Fay Cortez, Pradeep Kurup, Andreo Calonzo, Claire Jiao, Jeff Sutherland, Thomas Mulier, Alberto Brambilla, Jake Rudnitsky and Mark Schoifet.To contact the reporters on this story: James Paton in London at jpaton4@bloomberg.net;Michelle Fay Cortez in Minneapolis at mcortez@bloomberg.net;Bryce Baschuk in Geneva at bbaschuk2@bloomberg.netTo contact the editors responsible for this story: Drew Armstrong at darmstrong17@bloomberg.net, ;Eric Pfanner at epfanner1@bloomberg.net, Adveith Nair, Mark SchoifetFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • British Airways suspends flights to mainland China for a month
    Reuters

    British Airways suspends flights to mainland China for a month

    British Airways said on Thursday that all its flights to mainland China had been cancelled for a month, in a further sign of the impact that the outbreak of a new coronavirus is having on global travel. A spokeswoman said all flights to Beijing and Shanghai had been suspended until the end of February. Fears over the spread of the flu-like virus, which originated in the central city of Wuhan, are growing as the death toll rose to 170 and countries warned their citizens over travel to China.

  • TheStreet.com

    British Airways Cancels All February China Flights as Coronavirus Fears Grip Carriers

    British Airways is suspending all of its China flights for at least a month as the number of confirmed Coronavirus cases passes the 2003 SARS total.