378pGBX+2.10p (+0.56%)
International Consolidated Airlines Group S.A., together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the North Atlantic, Latin America, the Caribbean, Europe, Africa, the Middle East, South Asia, the Asia Pacific, and internationally.
International Consolidated Airlines Group S.A. in the Industrials sector is trading at 378p. The stock is currently 18% below its 52-week high of 464p, remaining 4.2% below its 200-day moving average. Technical signals show neutral RSI of 57 and bearish MACD signal, explaining why IAG.L maintains its current current market pressure. The Whystock Score of 55/100 suggests a balanced risk-reward profile.
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International Consolidated Airlines Group S.A., together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the North Atlantic, Latin America, the Caribbean, Europe, Africa, the Middle East, South Asia, ...
The owner of British Airways has warned of higher ticket prices as the closure of the Strait of Hormuz due to the Iran war has led to a sharp rise in oil prices. International Airlines Group (IAG) said on Friday that the situation in the Middle East will increase the cost of flights to reflect higher jet fuel costs. Airlines often buy a proportion of their fuel in advance at fixed prices to protect themselves against price volatility, a practice known as "hedging".
Portugal on Thursday asked Air France-KLM and Germany's Lufthansa to make binding offers to buy a controlling stake in TAP Air Portugal, as the government seeks to privatise the airline it rescued during the Covid-19 pandemic. Air France-KLM and Lufthansa both submitted non-binding offers this month, and Portugal's government now wants them to lodge binding bids within three months.
Discussions include revenue-sharing and potential integration into transatlantic and Pacific joint ventures, while merger talks did not advance.
The regulator said it has not formed a final opinion and will continue its assessment during Phase 2.
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