|Bid||206.05 x 0|
|Ask||206.20 x 0|
|Day's range||203.85 - 208.57|
|52-week range||0.94 - 361.40|
|Beta (5Y monthly)||2.59|
|PE ratio (TTM)||N/A|
|Earnings date||07 May 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||02 Jul 2020|
|1y target est||7.17|
Luis Gallego, boss of IAG, said airlines were ready to fly but Government action was needed to make it happen.
British Airways owner IAG hit by €1.2bn loss amid ‘uncertain’ passenger forecastInternational Airlines Group reiterates need for rollout of Covid vaccine passportsCoronavirus – latest updatesSee all our coronavirus coverage International Airlines Group says: ‘We’re ready to fly but government action is needed.’ Photograph: Andy Rain/EPA
British Airways-owner IAG reported a €1.2bn (£1bn) pre-tax loss for the three months to the end of March as the pandemic restricted travel, and forecast only a small rise in capacity to 25pc for the April-June quarter. Flying at just 20pc capacity in the three months to the end of March resulted in the group posting the operating loss before exceptional items of €1.14bn, slightly better than the City had forecast. IAG, which also owns Iberia and Vueling in Spain and Aer Lingus in Ireland, said it reduced weekly cash burn to €175m, a better performance than had been previously guided. The group also said it had strong liquidity of €10.5bn at the end of the first quarter. IAG chief executive Luis Gallego said sales of seats in the three months between April and the end of June remained at 25pc of levels in 2019 and that governments must step up to provide support for reopening.