IAG.L - International Consolidated Airlines Group, S.A.
| Previous Close | 466.90 |
| Open | 466.60 |
| Bid | 462.50 x 0 |
| Ask | 462.70 x 0 |
| Day's Range | 459.30 - 470.14 |
| 52 Week Range | 431.80 - 718.40 |
| Volume | 3,929,469 |
| Avg. Volume | 9,036,781 |
| Market Cap | 9.183B |
| Beta (3Y Monthly) | 0.96 |
| PE Ratio (TTM) | 2.89 |
| EPS (TTM) | 160.10 |
| Earnings Date | Aug 2, 2019 |
| Forward Dividend & Yield | 0.30 (6.50%) |
| Ex-Dividend Date | 2019-07-04 |
| 1y Target Est | 7.17 |
Meredith Videos•yesterdayBritish Airways Fined $229 million Over Security Breach
It lost data for 500,000 customers.
- Yahoo Finance Video•9 days ago
Europe remains quiet as Deutsche Bank's price bump fades
Yahoo Finance's Oscar Williams-Grut reports on Europe's reaction to Deutsche Bank's restructuring efforts.
- Benzinga•2 days ago
Commentary: Boeing's Issues May Be Multiplying
To an outsider, it appears that Boeing is having trouble in its Commercial Airplanes division limiting the bad news to just one aircraft type, the 737-MAX. There is no need here to recount the two crashes, the aircraft's global grounding and a raft of articles of all the things that Boeing allegedly did wrong during the design and certification process. Boeing's (NYSE: BA) 737 MAX planes might not return to service until next year because of software and other issues that still need to be fixed, according to a July 14 article in the Wall Street Journal.
- Financial Times•2 days ago
Correction: IAG
IAG, the owner of British Airways, criticised Heathrow airport for planning to accelerate spending on its proposed third runway, not because airlines would probably absorb any extra passenger service charges ...
- Financial Times•5 days ago
Investors Chronicle: Begbies Traynor, International Consolidated Airlines, Xaar
For investors concerned by the rising risk of an economic downturn, results for Begbies Traynor show how a bearish view on UK plc can still be profitable. Shares in the insolvency practitioner, already buttressed by May’s strong trading update, climbed higher on news of a 27 per cent rise in adjusted pre-tax profits to £7.1m in the 12 months to April. Potential sellers are more amenable to deals now the insolvency market is heating up, said executive chairman Ric Traynor, who also expects larger resolutions, after a “slightly disappointing” period for cases, where the fee on an individual can pass £1m.
- Financial Times•5 days ago
Blockbuster GDPR fines proves boost for cyber protection firms
may be fined a combined £282m for data breaches produced a surge of interest in cyber insurance, cyber security and legal advice this week, as companies rushed to avoid a similar fate. “It’s undoubtedly a statement of intent and will make a lot of corporate UK sit up and take notice,” said Mark Deem, senior partner at the law firm Cooley, about the pair of fine notices from the UK data regulator, the Information Commissioner’s Office (ICO).
- Reuters•7 days ago
Ryanair says Boeing eyes MAX flights by Oct, cites 2020 growth risk
Ryanair may have to trim plans to grow its capacity in the summer of 2020 if the grounded 737 MAX is not flying again by November because of the rate at which it needs to take new deliveries over the winter, its chief executive said on Wednesday. Boeing has told the airline it expects the 737 MAX to be flying by end-September, Ryanair Chief Executive Michael O'Leary told Reuters. Ryanair is waiting to take delivery of 50 new MAX aircraft, which it can receive at a maximum rate of 6 to 8 per month, he said in an interview on the sidelines of an airlines meeting.
- Investor's Business Daily•8 days ago
Boeing Eclipsed By Airbus On This Key Score For First Time In 8 Years
Airbus easily topped rival Boeing on commercial aircraft deliveries for the first half of the year, as the 737 Max crisis drags on.
- Financial Times•9 days ago
IAG/data theft: into the breach
Europe’s 2018 data protection rules inspired frequent comparisons with the millennium bug. Both created jobs for consultants. And both, some argued, would prove overblown. But on Monday, a massive fine ...
- TechCrunch•9 days ago
UK's ICO fines British Airways a record £183M over GDPR breach that leaked data from 500,000 users
The U.K.'s Information Commissioner is starting off the week with a GDPR bang: This morning, it announced that it has fined British Airways and its parent International Airlines Group (IAG) £183.39 million ($230 million) in connection with a data breach that took place last year that affected a whopping 500,000 customers browsing and booking tickets online. The fine -- 1.5% of BA's total revenues for the year that ended December 31, 2018 -- is the highest-ever that the ICO has leveled at a company over a data breach (previous "record holder" Facebook was fined a mere £500,000 last year by comparison). In a statement to the market, the two leaders of IAG defended the company and said that its own investigations found that no evidence of fraudulent activity was found on accounts linked to the theft (although as you may know, data from breaches may not always be used in the place where it's been stolen).
- Engadget•9 days ago
UK regulator to hit British Airways with record fine over 2018 hack
The UK's data privacy authority has announced it intends to levy its largest ever fine against airline British Airways (BA). The airline will have to pay £183.39 million ($230 million) to the Information Commissioner's Office (ICO) for failing to protect its customers' data.
- Reuters•9 days ago
British Airways faces record $230 million fine over data theft
British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK's Information Commissioner's Office (ICO). The ICO proposed a penalty of 183.4 million pounds, or 1.5% of British Airways' 2017 worldwide turnover, for the hack, which it said exposed poor security arrangements at the airline. BA indicated that it planned to appeal against the fine, the product of European data protection rules, called GDPR, that came into force in 2018.
- Financial Times•9 days ago
Opening Quote: BA faces £183m fine over the theft of customer data
Pity British Airways (well, almost). Facebook was fined under the old regime, before the EU General Data Protection Regulation came into force last May. Then £500,000 was the maximum penalty the ICO could impose. The airline's chair and chief executive, Alex Cruz, says he is “surprised and disappointed”.
- Reuters•9 days ago
UPDATE 2-British Airways faces record $230 mln fine over data theft
British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK's Information Commissioner's Office (ICO). The ICO proposed a penalty of 183.4 million pounds, or 1.5% of British Airways' 2017 worldwide turnover, for the hack, which it said exposed poor security arrangements at the airline. BA indicated that it planned to appeal against the fine, the product of European data protection rules, called GDPR, that came into force in 2018.
- Financial Times•9 days ago
British Airways hit with record £183m fine for data breach
British Airways will be hit with the biggest ever fine for breaching European data rules after the company’s website and mobile app were hacked last year. from more than 500,000 customers last year and is the first under new laws introduced in May 2018. “We are surprised and disappointed in this initial finding,” said British Airways chairman and chief executive Alex Cruz.
- Financial Times•10 days ago
Boeing loses $5.9bn order for up to 50 of its 737 Max planes
Boeing has faced another setback after Flyadeal, a Saudi Arabian low-cost carrier, cancelled its order for up to 50 of the US aircraft maker’s 737 Max jets. The airline signed a $5.9bn deal for the Boeing aircraft in December but stated on Sunday that it had ordered 30 A320neo aircraft from Airbus — the US company’s European rival — with options for a further 20 of the jets. The announcement came as the 737 Max continues to be grounded following two fatal crashes in which 346 people died.
- Reuters•12 days ago
Shares in Norwegian Air rise after IAG denies report of another offer
OSLO/MADRID (Reuters) - Shares in budget carrier Norwegian Air rose on Friday after British Airways and Iberia owner IAG denied a Spanish media report it was preparing another offer for the airline.
- Bloomberg•12 days ago
IAG Says Uninterested in Norwegian Air After Bid-Plan Report
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.British Airways owner IAG SA said it has no plans to revive a bid for discount rival Norwegian Air Shuttle ASA following a Spanish report that an offer was likely to be made in the next 15 days.The airline group, which also owns Madrid-based Iberia, intended to make an approach worth about $1.2 billion, according to Okdiario newspaper. That’s based on a share price of 70-85 kroner, almost double Norwegian’s current market value of $652 million. Okdiario said JPMorgan was advising on the deal.“We have said many times in the past few months that we are no longer interested in Norwegian Air,” IAG spokeswoman Laura Goodes said by telephone on Friday. “Nothing has changed.” The stock rose as much 12% despite the denial.IAG, which also owns Ireland’s Aer Lingus and discounters Vueling and Level, attempted to buy Norwegian last year, but abandoned the effort in January. A renewed pursuit would come amid signs it might encounter less resistance from Norwegian’s board, according to Okdiario, which didn’t name sources.Norwegian, which declined to comment, rejected two offers from IAG as undervaluing its business before the London-based company walked away. The discount carrier had become vulnerable amid a cash crunch and mounting losses following one of fastest expansions in European airline history as it sought to extend its low-cost model into long-distance markets.Rights IssueThe Scandinavian company was forced to close routes and sell off aircraft before billionaire John Fredriksen underwrote a 3 billion kroner rights issue in February to shore up its finances, albeit at a steep discount that saw the stock fall 5% on top of a 21% drop when IAG pulled its bid.Bjorn Kjos, Norwegian’s founder and chief executive officer, who turns 73 on July 18, has asked the board to seek a successor, while his long-time ally, chairman Bjorn Kise, retired in May, having been seen as a potential obstacle to any future deal.In an interview at the Paris Air Show on June 18, Kjos told Bloomberg TV that airlines will always be interested in acquiring other airlines, while declining to say whether his own company was in play.Norwegian Air shares traded 4.2% higher at 42.60 kroner as of 9:12 a.m. in Oslo, paring the decline this year to 57%. IAG traded almost unchanged at 458.80 pence and has declined 20%.(Updates with share reaction starting in second paragraph.)To contact the reporters on this story: Sveinung Sleire in Oslo at ssleire1@bloomberg.net;Christopher Jasper in London at cjasper@bloomberg.netTo contact the editors responsible for this story: Jonas Bergman at jbergman@bloomberg.net, Anthony Palazzo, Tasneem Hanfi BröggerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch•16 days ago
London markets advance on fresh U.S.-China trade optimism
Investors were encouraged by reports Saturday that included the U.S. suspending some sanctions on Huawei
- MarketWatch•16 days ago
European markets buoyed by lifting of Huawei ban, trade talks
EUROPE MARKETS European markets rallied Monday on the perceived lightening of trade skirmishes among the U.S. and China, with tech stocks among the best performers. How did markets perform? The Stoxx 600 (XX:SXXP) rallied to 388.
- Simply Wall St.•16 days ago
Should You Be Impressed By International Consolidated Airlines Group, S.A.'s (LON:IAG) ROE?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Reuters•19 days ago
NEWSMAKER-From wind tunnels to megadeals, the Boeing sales boss facing new MAX storm
Days after stealing the Paris Airshow with a deal to sell 200 of the grounded 737 MAX, Boeing's sales chief faces fallout from the discovery of a new flaw that will delay the jet's return to service. Senior vice-president Ihssane Mounir has built a reputation for striking where least expected in the global jet industry, shunning the spotlight. Last week, he and other Boeing executives scored a major coup in winning British Airways owner IAG - a big Airbus short-haul user - over to an initial $24 billion deal for the 737 MAX.
- Investor's Business Daily•19 days ago
Boeing Stock Tests Support As FAA Finds New 737 Max Problem
Boeing 737 Max jets' return to service could be delayed after the FAA discovered another problem with its computer system that can cause the jet to dive. Shares fell, testing key support.
- Bloomberg•20 days ago
Lightning Strikes Boeing Once Too Often
(Bloomberg Opinion) -- If you’re in the business of selling passenger aircraft, design flaws that might cause your planes to crash ought to be non-existent.That’s why the discovery of a second critical safety risk on Boeing Co.’s 737 Max is so alarming. Tests by the U.S. Federal Aviation Administration found that flight computers could cause the plane to dive in a way that pilots struggled to correct in simulator tests, people familiar with the finding told Alan Levin and Julie Johnsson of Bloomberg News on Wednesday. The problem wasn’t connected to the Maneuvering Characteristics Augmentation System, or MCAS, that’s been linked to 737 Max crashes in Indonesia and Ethiopia, but could produce similar effects, one of the people said.(1)Lightning shouldn’t strike in the same place twice. Developing new aircraft is a decade-scale project, with certification by aviation regulators alone typically taking five years. By the time a plane is ready to be delivered to customers, it should have passed through such a stringent battery of tests that only once-in-a-lifetime events can cause problems.It’s bad enough that the 737 Max made it onto the market with one system that could cause uncontrolled flights to plunge into the ground. To discover a second casts a worrying light on the company’s entire safety culture.How could Boeing have allowed further problems in such critical systems to lie undisclosed?Since the 737 Max grounding, many people, including this columnist, have exhorted the company to follow the crisis-management approach taken by Johnson & Johnson in the wake of the 1982 Tylenol scandal: Put safety first and maximize transparency to convince the public that the company has nothing to hide.And yet, as my colleague Brooke Sutherland has argued, there’s precious little evidence that Boeing has done enough in terms of improving transparency, communication and oversight to get it out of the doghouse.The problem is that Boeing is a different sort of company than Johnson & Johnson. Consumers were easily able to choose another brand of painkillers if they didn’t trust Tylenol, so winning back their trust was an existential issue. The same doesn’t apply in the case of commercial aircraft, which are sold in a duopolistic market where any airline wanting to get a good price from Airbus SE has to keep Boeing in play as a potential supplier.In theory, passengers who refuse to fly on the 737 Max and find out at the departure gate that their aircraft has been switched from an A320neo could tear up their tickets and exercise consumer choice in the same way as a shopper buying headache pills. In practice, we’re all stuck with whatever is served up to us.Investors seem to know this. Boeing’s share price, amid the grounding of its key product and a simmering trade war over one of its biggest markets, is doing just fine. Blended forward 12-month price-earnings ratios put it on a higher valuation than Facebook Inc., Alphabet Inc., and Apple Inc. At the Paris airshow this month, the company managed to score a haul of around $34 billion in new orders – less than the $44 billion tally for Airbus, to be sure, but grounded on a $24 billion commitment from IAG SA for the 737 Max itself.Chief Executive Officer Dennis Muilenburg this week promised to inspire a “relentless pursuit of safety” at Boeing. “We want to create an environment where everyone feels comfortable bringing problems to the surface,” he told the Aspen Ideas Festival on Wednesday. “We don’t want to create an environment where problems stay hidden.”This latest revelation suggests that’s still not happening – and far from suffering, Boeing is doing just fine. (1) Slow processing by a cockpit chip meant that the workarounds pilots use to recover from problems with the MCAS were taking too long to kick in, according to a separate report by Aviation Week. Boeing acknowledged the issue and said it’s working on a software fix.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
