International Consolidated Airlines Group SA (CDI) (IAG)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

175.95p
   
  • Change Today:
      0.75p
  • 52 Week High: 179.35
  • 52 Week Low: 138.00
  • Currency: UK Pounds
  • Shares Issued: 4,971.48m
  • Volume: 19,020,367
  • Market Cap: £8,747m
  • RiskGrade: 338

BA considers quitting Heathrow terminal 3 - report

By Sean Farrell

Date: Friday 29 May 2020

LONDON (ShareCast) - (Sharecast News) - British Airways is considering closing its operation at Heathrow airport's terminal 3 and shrinking its activity at terminal 5, according to a report.
BA operates short-haul European flights from terminal 3 and also flies to long-haul destinations including Cape Town and Miami from the hub, which has been closed during lockdown. The terminal carried about 15% of BA's Heathrow traffic before the Covid-19 shutdown.

The airline, part of IAG, is looking at quitting terminal 3 and scaling back at terminal 5, the Guardian reported.

The paper also said BA was proposing to outsource the work of at least 450 employees it is making jobless as part of its 12,000 job reductions. Jobs that may be cut and then outsourced include ticketing, lost baggage returns and controlling the weight in the plane.

The outsourcing plans could put BA in a political storm after the company accepted support worth hundreds of millions of plans from the UK government including a loan of £300m from the Bank of England and wage subsidies for 30,000 furloughed workers worth £35m in April.

Jim McMahon, Labour's shadow transport secretary, told the Guardian: "The government should have done more to protect these jobs. We cannot see roles which are currently paid through the job retention scheme outsourced."

BA told the paper it was trying to save as many jobs as possible and was consulting openly with unions and employees.

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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 175.95p
Change Today 0.75p
% Change 0.43 %
52 Week High 179.35
52 Week Low 138.00
Volume 19,020,367
Shares Issued 4,971.48m
Market Cap £8,747m
RiskGrade 338

BA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.20% above the market average85.20% above the market average85.20% above the market average85.20% above the market average85.20% above the market average
72.00% above the sector average72.00% above the sector average72.00% above the sector average72.00% above the sector average72.00% above the sector average
Price Trend
79.01% above the market average79.01% above the market average79.01% above the market average79.01% above the market average79.01% above the market average
82.14% above the sector average82.14% above the sector average82.14% above the sector average82.14% above the sector average82.14% above the sector average
Income
92.22% above the market average92.22% above the market average92.22% above the market average92.22% above the market average92.22% above the market average
70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average
Growth
98.01% above the market average98.01% above the market average98.01% above the market average98.01% above the market average98.01% 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

  Latest Previous
  Interim Final
Ex-Div 28-Nov-19 04-Jul-19
Paid 02-Dec-19 08-Jul-19
Amount 14.50¢ 16.50¢

Trades for 23-Apr-2024

Time Volume / Share Price
17:32 117,000 @ 175.95p
16:40 630,943 @ 177.53p
16:35 3,827,371 @ 175.95p
16:35 1,206 @ 175.95p
16:35 8,762 @ 175.95p

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