International Consolidated Airlines Group SA (CDI) (IAG)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

176.75p
   
  • Change Today:
      5.25p
  • 52 Week High: 177.70
  • 52 Week Low: 138.00
  • Currency: UK Pounds
  • Shares Issued: 4,971.48m
  • Volume: 31,977,624
  • Market Cap: £8,787m
  • RiskGrade: 338

EasyJet eyeing BA's Gatwick slots - report

By Abigail Townsend

Date: Monday 13 Sep 2021

LONDON (ShareCast) - (Sharecast News) - EasyJet will considerably boost its presence at Gatwick should plans by British Airways to overhaul its short-haul offering flounder, according to reports.

The national carrier is seeking to change contracts and working conditions for short haul flights from Gatwick, London's second airport, as part of a move to improve the financial position of the operation.

But it has yet to secure an agreement with Unite, the union representing cabin and ground crew, and BA - owned by Anglo-Spanish International Consolidated Airlines Group - has warned it will stop short haul flights altogether from Gatwick if a deal cannot be struck.

BA's withdrawal from Gatwick would release numerous in-demand short haul slots, and the Telegraph reported that easyJet could use money raised through a planned £1.2bn rights issue to snap them up.

Any such move would consolidate the budget airline's position as Gatwick's biggest customer.

Neither BA nor EasyJet has commented on the report. However, when announcing the rights issue last Thursday, easyJet said it expected that "opportunities will arise at airports...as legacy airlines restructure short-haul operations".

EasyJet announced the rights issue after it rejected an unsolicited takeover approach from an unnamed bidder, widely understood to be Hungarian carrier Wizz Air.

The Telegraph's report comes amid a torrid day of trading for EasyJet. The stock fell last week following the announcement of the dilutive rights issue, and by 1130 BST on Monday it was off 14%. Shares in IAG were trading nearly 1% higher in London

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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 176.75p
Change Today 5.25p
% Change 3.06 %
52 Week High 177.70
52 Week Low 138.00
Volume 31,977,624
Shares Issued 4,971.48m
Market Cap £8,787m
RiskGrade 338

BA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.68% above the market average85.68% above the market average85.68% above the market average85.68% above the market average85.68% above the market average
79.17% above the sector average79.17% above the sector average79.17% above the sector average79.17% above the sector average79.17% above the sector average
Price Trend
80.23% above the market average80.23% above the market average80.23% above the market average80.23% above the market average80.23% 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
91.67% above the market average91.67% above the market average91.67% above the market average91.67% above the market average91.67% above the market average
68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average68.42% above the sector average
Growth
98.16% above the market average98.16% above the market average98.16% above the market average98.16% above the market average98.16% 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 7
Neutral 5
Sell 0
Strong Sell 0
Total 17
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 28-Mar-2024

Time Volume / Share Price
16:35 9,893,209 @ 176.75p
16:35 820 @ 176.75p
16:35 10,866 @ 176.75p
16:35 2,751 @ 176.75p
16:35 343 @ 176.75p

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