International Consolidated Airlines Group SA (CDI) (IAG)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

211.70p
   
  • Change Today:
      4.20p
  • 52 Week High: 671.00
  • 52 Week Low: 168.20
  • Currency: UK Pounds
  • Shares Issued: 1,992.03m
  • Volume: 13,176,521
  • Market Cap: 4,217.13m
  • 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.

Email this article to a friend

or share it with one of these popular networks:


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 211.70p
Change Today 4.20p
% Change 2.02 %
52 Week High 671.00
52 Week Low 168.20
Volume 13,176,521
Shares Issued 1,992.03m
Market Cap 4,217.13m
RiskGrade 338

BA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.69% above the market average90.69% above the market average90.69% above the market average90.69% above the market average90.69% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Price Trend
86.31% below the market average86.31% below the market average86.31% below the market average86.31% below the market average86.31% below the market average
72.6% below the sector average72.6% below the sector average72.6% below the sector average72.6% below the sector average72.6% below the sector average
Income
60.69% above the market average60.69% above the market average60.69% above the market average60.69% above the market average60.69% above the market average
86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average
Growth
41.93% below the market average41.93% below the market average41.93% below the market average41.93% below the market average41.93% below the market average
1.45% above the sector average1.45% above the sector average1.45% above the sector average1.45% above the sector average1.45% above the sector average

What The Brokers Say

Strong Buy 17
Buy 2
Neutral 6
Sell 0
Strong Sell 1
Total 26
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

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 10-Jul-2020

Time Volume / Share Price
16:50 5,378 @ 203.54p
16:50 14,398 @ 203.54p
16:40 6,782 @ 206.37p
16:37 2,588 @ 211.70p
16:37 2,912 @ 211.70p

BA Key Personnel

CEO William Matthew Walsh
Chair Antonio Vzquez Romero
CFO Stephen Gunning

Top of Page