International Consolidated Airlines Group SA (CDI) (IAG)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

163.40p
   
  • Change Today:
    -4.80p
  • 52 Week High: 186.45p
  • 52 Week Low: 138.00p
  • Currency: UK Pounds
  • Shares Issued: 4,971.48m
  • Volume: 9,297,654
  • Market Cap: £8,123m
  • RiskGrade: 338

BA workers at Heathrow vote to strike over pay

By Josh White

Date: Thursday 23 Jun 2022

LONDON (ShareCast) - (Sharecast News) - The summer of industrial action looks set to grow, with British Airways workers at Heathrow voting on Thursday to walk out at the height of the summer holidays.
Members of both the GMB and Unite unions both overwhelmingly backed a strike over pay at the IAG-owned airline.

According to Sky News, 95% of votes cast at both unions were in favour of striking, on respective turnouts of 81% and 63% among check-in and ground-handling staff.

Neither union had suggested any dates for the action, saying they wanted to allow BA and IAG more time to consider their demands.

The British Airways staff were forced to accept a 10% pay cut at the height of the Covid-19 pandemic, amid the near-total collapse in air travel globally.

At the same time, the airline cut almost 13,000 jobs.

IAG has offered staff a one-off 10% bonus, but no return to pre-pandemic pay, despite travel demand exploding over the summer.

Airlines and airports have been forced to delay and cancel thousands of flights in recent weeks as the industry has struggled to keep up with a more normal level of demand on a pandemic-reduced workforce.

Adding to the misery was a complete baggage system failure at Heathrow last weekend, seeing thousands of travellers fly without their checked luggage, and images of mountains of luggage sitting outside the terminals.

Twitter on Thursday was still filled with people scrambling to locate their bags, suggesting the backlog was far from resolved.

The news also came on the second day of a three-day strike on the railways, with staff at the state-owned infrastructure operator Network Rail, as well as 13 other train operating companies, walking out over pay and redundancy disputes.

Disputes over pay increases have been on the boil for several months amid a cost-of-living crisis.

Consumer inflation reached 9.1% year-on-year last month and is set to peak around 10% this year.

That, coupled with the number of large firms posting strong growth in earnings recently while also hiking prices, has seen many unions - and consumers - cry foul.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BA Market Data

Currency UK Pounds
Share Price 163.40p
Change Today -4.80p
% Change -2.85 %
52 Week High 186.45p
52 Week Low 138.00p
Volume 9,297,654
Shares Issued 4,971.48m
Market Cap £8,123m
RiskGrade 338

BA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.82% above the market average86.82% above the market average86.82% above the market average86.82% above the market average86.82% above the market average
76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average
Price Trend
55.74% above the market average55.74% above the market average55.74% above the market average55.74% above the market average55.74% above the market average
70.91% above the sector average70.91% above the sector average70.91% above the sector average70.91% above the sector average70.91% above the sector average
Income
91.87% above the market average91.87% above the market average91.87% above the market average91.87% above the market average91.87% above the market average
90.00% above the sector average90.00% above the sector average90.00% above the sector average90.00% above the sector average90.00% above the sector average
Growth
98.65% above the market average98.65% above the market average98.65% above the market average98.65% above the market average98.65% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 5
Sell 0
Strong Sell 0
Total 16
buy
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BA Dividends

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  Interim Final
Ex-Div 28-Nov-19 04-Jul-19
Paid 02-Dec-19 08-Jul-19
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Trades for 26-Jun-2024

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