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The Latest Breaking News from IAG

BA parent company IAG’s profits down more than a third after fuel cost hit

The group reported pre-tax profits tumbling to 995 million euro (£852 million) in the three months to the end of June.

Evening Standard

FTSE 100 on track for best month since first US attacks on Iran five months ago – as it happened

Live, rolling coverage as London’s biggest companies defy Middle East disruption and UK petrol prices rise to around £1.60 per litre, the highest since Donald Trump ordered renewed strikes

The Guardian - UK

BA parent company IAG suffers 35% drop in profits after fuel cost hit

The group reported profits after tax tumbling to 732 million euros (£627 million) in the three months to the end of June.

Evening Standard

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British Airways cancels flight after crew ‘get drunk in a hotel bar before work’

BA flight from Bridgetown, Barbados, to Heathrow was axed on Sunday after crew allegedly got drunk

The Independent UK

NZers want climate risks reduced but refuse to pay the price upfront

Analysis: A survey shows just 1 in 5 NZers would pay more to subsidise the costs for people who live in high-risk locations. But in the end, we all pay, writes Jonathan Milne.

Newsroom.co.nz

This Strait of Hormuz Concession Creates a Possible Catalyst for Iamgold Stock. 1 Options Trade to Make Here.

Although the Iran peace agreement represents a massive sigh of relief for global markets, investors ought to keep a close eye on gold miner IAG stock.

Barchart

British Airways raises price of Avios reward tickets

Airline emails customers to thank them ‘for continued understanding’

The Independent UK

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How Individual Advocacy Group Reframes Autism and Mental Health Through Human Connection and Inclusion

Individual Advocacy Group (IAG), a CARF‑accredited nonprofit supporting adults with disabilities and complex behavioral health needs, has observed how social experiences influence emotional well‑being among individuals with autism.

Medical Daily

Air boss warns airlines cannot continue ‘absorbing cost’ of jet fuel shortages

The head of the International Air Transport Association says an inevitable consequence of rising fuel prices will be an increase in air travel

The Independent UK

UK flight cancellations increase as soaring jet fuel prices hit

Several airlines have trimmed their schedules because of the issue

The Independent UK

UK flight cancellations increase amid high cost of jet fuel

Aviation analytics company Cirium said as of Tuesday, airlines have axed 296 departures from UK airports this month.

Evening Standard

Airlines Granted New Flexibility To Lock In Summer Schedules Early As UK Government Battles Imminent Jet Fuel Crisis

The government has announced plans to protect summer holidays from disruption amid the Iran-related jet fuel crisis, despite insisting there is no current fuel shortage in the UK.

International Business Times UK

Airlines among companies using fuel surcharges to cover surge in costs, UK survey shows

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra materials costs

The Guardian - UK

Totally grounded? How the jet fuel crisis could change our holidays – and world history

Jet fuel has doubled in price since the start of the war on Iran. How bad will the disruption get and could this accelerate the route to jet zero?

The Guardian - UK

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The Independent UK

British Airways owner to raise ticket prices amid fuel shortage crisis

Exclusive: ‘I'm quite surprised to hear so many transport companies come up with uncertainty about fuel price’ – Christophe Mathieu, Brittany Ferries CEO

Euronews

Air France-KLM in the race for Portugal's TAP with offer for minority stake

The deadline for submitting bids for the privatisation of the national airline TAP Air Portugal is this Thursday. The Portuguese government expects to receive three bids.

The Guardian - UK

Europe’s biggest airlines say fuel price spike caused by Iran war will drive up fares

Carriers warn they cannot hold off passing on costs for long, while some airlines plan to increase flights via Asia

The Independent UK

British Airways owner IAG sees stock price plummet as FTSE 100 falls in wake of Iran strikes

The prices of oil and gold have gone up but stock markets are heading in the opposite directions as investors weigh the uncertainty caused by the Middle East crisis

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Evening Standard

FTSE 100 hits high and oil jumps amid US-Iran tension

The FTSE 100 index ended up 63.85 points, 0.6%, at 10,910.55, a record close.

The Guardian - UK

BA owner’s profits rise by 20% despite drop in passenger numbers last year

IAG reports record operating profits on margins of more than 15% at British Airways and sister airline Iberia

The Independent UK

British Airways parent company reports soaring profits amid strong demand

International Airlines Group, which also owns Aer Lingus, said its operating profit increased by 17.3 per cent last year to 5.0 billion euros (£4.4 billion)

Evening Standard

British Airways’ parent company posts record profits

International Airlines Group, which also owns Aer Lingus, said its operating profit increased by 17.3% last year to 5.0 billion euros (£4.4 billion).

Evening Standard

FTSE 100 Live 27 February: Index nears 11,000, British Airways owner posts record profit

British Airways parent company IAG today hailed a “world-class” performance in record annual results.

Evening Standard

Heathrow airport runway expansion could add £250 to family fare, airlines warn

Airline bosses raise concerns the adding of a third runway could add at least £60-£65 on average to ticket prices

AAP

Banks lead Australian shares lower but miners lift

A rally in raw materials stocks hasn't been enough to buoy the bourse, with five of 11 local sectors recording significant losses.

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