IAG soars on news of Qatar tie up
International Consolidated Airline Group (IAG) is up 4.5p following reports that Qatar Airways is joining the oneworld Alliance of global airlines.
International Consolidated Airline Group (IAG) is up 4.5p following reports that Qatar Airways is joining the oneworld Alliance of global airlines.
An announcement is expected next Monday, although neither Qatar Airways nor IAG has yet confirmed this.
Consensus estimates are that IAG, formed from the merger of British Airways and Iberia, will deliver a pre-tax loss of approximately £140m on turnover of £17.6bn, demonstrating the poor economics of this industry and the necessity of cutting costs.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
CM
-
Rightmove: property asking prices hit record high
News Rising demand for top of the ladder home is boosting asking prices, Rightmove research shows. Is now a good time to sell a property?
By Marc Shoffman Published
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published