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International Consolidated Airlines Group SA (ICAG.L)

ICAG.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Fitch Ratings Says British Airways Fine Highlights Global Airline Cyber Risk
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Fitch ::FITCH RATINGS: BRITISH AIRWAYS FINE HIGHLIGHTS GLOBAL AIRLINE CYBER RISK.FITCH SAYS BRITISH AIRWAYS' CREDIT PROFILE SHOULD NOT BE NEGATIVELY AFFECTED BY LARGE FINE DUE TO COMPANY'S STRONG LIQUIDITY POSITION.  Full Article

UK's ICO Says Personal Data Of About 500,000 British Airways Customers Compromised In 2018 Data Breach
Monday, 8 Jul 2019 

July 8 (Reuters) - UK's Information Commissioner's Office (ICO)::ICO ANNOUNCES INTENTION TO FINE BRITISH AIRWAYS.BRITISH AIRWAYS HAS COOPERATED WITH ICO INVESTIGATION AND HAS MADE IMPROVEMENTS TO SECURITY ARRANGEMENTS SINCE DATA BREACH CAME TO LIGHT.PERSONAL DATA OF ABOUT 500,000 BRITISH AIRWAYS CUSTOMERS COMPROMISED IN DATA BREACH INCIDENT, WHICH IS BELIEVED TO HAVE BEGUN IN JUNE 2018.INVESTIGATION FOUND THAT INFORMATION WAS COMPROMISED BY POOR SECURITY ARRANGEMENTS AT BRITISH AIRWAYS.INFORMATION COMPROMISED AT BRITISH AIRWAYS FOUND BY ICO INCLUDES LOG IN, PAYMENT CARD, TRAVEL BOOKING DETAILS, NAME & ADDRESS INFORMATION.  Full Article

IAG Set Final Terms Of Bonds, Offer Size Fixed At 1 Bln Euros
Friday, 28 Jun 2019 

June 28 (Reuters) - International Consolidated Airlines Group SA ::BOND FINAL TERMS.IAG HAS NOW SET FINAL TERMS OF BONDS, AGGREGATE OFFER SIZE WAS FIXED AT EUR 1 BILLION.FIRST TRANCHE DUE 4 JULY 2023 WILL HAVE A PRINCIPAL AMOUNT OF EUR 500 MILLION.SECOND TRANCHE DUE 4 JULY 2027 WILL HAVE A PRINCIPAL AMOUNT OF EUR 500 MILLION.BONDS WILL BEAR A FIXED RATE OF INTEREST OF 0.5 PER CENT. AND 1.5 PER CENT. PER ANNUM ANNUALLY.SERIES A BONDS AND SERIES B BOND WILL BE ISSUED AT 99.417 PER CENT AND 98.803 PER CENT OF THEIR PRINCIPAL AMOUNT.SETTLEMENT IS EXPECTED TO TAKE PLACE ON OR ABOUT 4 JULY 2019.BNP PARIBAS AND J.P. MORGAN SECURITIES PLC ACT AS JOINT GLOBAL CO-ORDINATORS.MERRILL LYNCH INTERNATIONAL, AS JOINT LEAD BOOKRUNNERS.  Full Article

Boeing, International Airlines Group Build On 777X Order With Services Agreements
Monday, 17 Jun 2019 

June 17 (Reuters) - Boeing Co ::BOEING, INTERNATIONAL AIRLINES GROUP BUILD ON 777X ORDER WITH SERVICES AGREEMENTS.BOEING - BRITISH AIRWAYS ALSO SIGNS ITS FIRST LANDING GEAR EXCHANGE AGREEMENT FOR 777-300ERS.BOEING - BRITISH AIRWAYS ALSO SIGNS ITS FIRST LANDING GEAR EXCHANGE AGREEMENT FOR 777-300ERS.BOEING - IAG'S BRITISH AIRWAYS SIGNS UP FOR BOEING SERVICE TO GAIN CONVENIENT GLOBAL ACCESS TO PARTS.BOEING - BOEING WILL FURNISH BRITISH AIRWAYS WITH ITS COMPONENT SERVICES PROGRAM.BOEING - FIRM ORDER BY IAG PUTS 777X AT 364 ORDERS.  Full Article

IAG May Passenger Load Factor 83.2% Vs 82.7%
Monday, 10 Jun 2019 

June 10 (Reuters) - International Consolidated Airlines Group SA ::INTL CON AIRLINE GRP - IAG TRAFFIC AND CAPACITY STATISTICS MAY 2019.IAG - IAG TRAFFIC IN MAY, MEASURED IN REVENUE PASSENGER KILOMETRES, INCREASED BY 6.0 PER CENT VERSUS SAME PERIOD LAST YEAR.IAG - CAPACITY MEASURED IN AVAILABLE SEAT KILOMETRES ROSE BY 5.3 PER CENT IN MAY VERSUS SAME PERIOD LAST YEAR.IAG - MAY 2019 PASSENGER LOAD FACTOR 83.2% VERSUS 82.7%.IAG - ASSESSING IMPACT OF CHILEAN SUPREME COURT RULING WHICH REJECTED JOINT BUSINESS BETWEEN CO, LATAM AIRLINES GROUP.IAG - MAY PASSENGERS CARRIED UP 4.1% TO 10.4 MILLION.  Full Article

International Consolidated Airlines Names Steve Gunning CFO
Monday, 15 Apr 2019 

April 15 (Reuters) - International Consolidated Airlines Group SA ::INTL CON AIRLINE GRP - DIRECTORATE CHANGE.IAG - ENRIQUE DUPUY DE LÔME IS TO STEP DOWN FROM HIS ROLE AS CHIEF FINANCIAL OFFICER.IAG - ENRIQUE DUPUY DE LÔME WILL BE REPLACED BY STEVE GUNNING, CURRENTLY CHIEF FINANCIAL OFFICER AT BRITISH AIRWAY.IAG - STEVE GUNNING HAS BEEN BRITISH AIRWAYS CFO SINCE JANUARY 2016 AND ACTING DIRECTOR OF IAG GLOBAL BUSINESS SERVICES SINCE DECEMBER 2017.IAG - STEVE GUNNING'S APPOINTMENT AS A BOARD EXECUTIVE DIRECTOR WILL BE PROPOSED TO AGM.INTL CON AIRLINE GRP - DIRECTORATE CHANGE.  Full Article

Stobart Group Names Lewis Girdwood As CFO
Monday, 1 Apr 2019 

April 1 (Reuters) - Stobart Group Ltd ::APPOINTMENT OF LEWIS GIRDWOOD AS CHIEF FINANCIAL OFFICER.INTERIM CHIEF FINANCIAL OFFICER MICHAEL WILLIAMSON WILL STEP DOWN FROM HIS POSITION FOLLOWING A SHORT HANDOVER.APPOINTMENT OF LEWIS GIRDWOOD AS CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR WITH EFFECT FROM 1 APRIL 2019.  Full Article

Royal Mail Says Keith Williams To Succeed Les Owen As Chairman
Friday, 22 Mar 2019 

March 22 (Reuters) - Royal Mail PLC ::ROYAL MAIL PLC - KEITH WILLIAMS TO SUCCEED LES OWEN AS CHAIRMAN OF ROYAL MAIL IN MAY 2019.ROYAL MAIL PLC - KEITH WILLIAMS TO SUCCEED LES OWEN AS CHAIRMAN OF ROYAL MAIL IN MAY 2019.ROYAL MAIL PLC - LES OWEN WILL STEP DOWN AS CHAIRMAN AND AS A DIRECTOR WITH EFFECT FROM 22 MAY 2019..ROYAL MAIL PLC - KEITH WILLIAMS WAS APPOINTED TO ROYAL MAIL PLC BOARD ON 1 JANUARY 2018.ROYAL MAIL - KEITH WORKED IN BRITISH AIRWAYS FOR 18 YEARS, INCLUDING FIVE YEARS AS CFO, THREE YEARS AS CEO AND TWO YEARS AS EXECUTIVE CHAIRMAN.ROYAL MAIL PLC - LES OWEN WILL STEP DOWN AS CHAIRMAN AND AS A DIRECTOR WITH EFFECT FROM 22 MAY 2019.  Full Article

IAG Expects 2019 Equity Free Cash Flow To Be Lower Than 2018
Monday, 4 Mar 2019 

March 4 (Reuters) - International Consolidated Airlines Group SA ::EXPECTS EQUITY FREE CASH FLOW TO BE LOWER IN 2019 THAN IN 2018 BASED ON CO'S GUIDANCE OF OPERATING PROFIT BEING SIMILAR IN 2019 VERSUS 2018.EXPECTS EQUITY FREE CASH FLOW TO BE LOWER IN 2019 THAN IN 2018 ALSO BASED ON INCREASE IN NET CAPEX FROM 2.2 BLN EUROS IN 2018 TO 2.6-2.7 BLN EUROS IN 2019 .  Full Article

Boeing Signs Deal For Up To 42 777X Airplanes With International Airlines Group
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Boeing Co ::BOEING SIGNS DEAL FOR UP TO 42 777X AIRPLANES WITH INTERNATIONAL AIRLINES GROUP.COMMITMENT VALUED AT UP TO $18.6 BILLION AT LIST PRICES.INTERNATIONAL AIRLINES GROUP HAS COMMITTED TO PURCHASING UP TO 42 777X AIRPLANES, INCLUDING 18 ORDERS AND 24 OPTIONS.  Full Article