Key Developments: International Consolidated Airlines Group SA (ICAG.L)

ICAG.L on London Stock Exchange

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333.30p
Open
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Latest Key Developments (Source: Significant Developments)

International Consolidated Airlines Group makes firm order for 20 Airbus 320neo aircraft-Reuters
Monday, 14 Jul 2014 04:07am EDT 

International Consolidated Airlines Group SA:International Consolidated Airlines Group placed firm order for 20 Airbus 320neo aircraft-Reuters.Deal worth well over $1 billion at list prices.IAG said 20 A320neos it was ordering were part of 100 options it secured over aircraft a year ago.New jets to be delivered in 2018 and 2019.  Full Article

International Consolidated Airlines Group's Iberia to initiate consultation period on job cuts
Friday, 11 Jul 2014 07:54am EDT 

International Consolidated Airlines Group SA:Says on July 11 Iberia informed its employees and labor union representatives on its plan to start consultation period in relation to collective dismissal process.Collective dismissal process may affect up to 1,581 employees.  Full Article

International Consolidated Airlines Group SA not to pay FY 2013 dividend
Friday, 28 Feb 2014 02:05am EST 

International Consolidated Airlines Group SA:Does not declare dividend for 2013.  Full Article

International Consolidated Airlines Group SA Raises FY 2015 Operating Profit Guidance; Issues FY 2015 EPS Guidance Above Analysts’ Estimates-Reuters
Friday, 15 Nov 2013 02:23am EST 

Reuters reported that International Consolidated Airlines Group SA (IAG) raised its fiscal year 2015 operating profit target by 12.5%, due to expected growth from British Airways (BA) and Vueling and the recovery of Iberia. IAG, which owns the three airlines, raised its fiscal year 2015 operating profit target to EUR 1.8 billion (USD 2.42 billion) from EUR 1.6 billion due to the expected impact of integrating Spanish budget carrier Vueling, which it took control of earlier in 2013, improved margins at BA and a recovery at Iberia. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2015 operating profit of EUR 1.6 billion. In addition, IAG said it was aiming for earnings per share (EPS) of EUR 0.54 by 2015. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2015 EPS of EUR 0.51.  Full Article

International Consolidated Airlines Group SA Issues FY 2013 Operating Profit Guidance
Friday, 8 Nov 2013 02:00am EST 

International Consolidated Airlines Group SA announced that for fiscal 2013, it expects operating profit before exceptional items, of around EUR740 million.  Full Article

International Consolidated Airlines Group SA Announces New Shares Registration
Tuesday, 8 Oct 2013 04:02am EDT 

International Consolidated Airlines Group SA announced that it has registered 30,901,051 new ordinary shares in the Commercial Register of Madrid. It is expected that in the coming days the new shares will be admitted to trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges, through the Automated Quotation System, and on the London Stock Exchange. Consequently, the Company’s share capital ascends to EUR 1,020,039,261.50, divided into 2,040,078,523 ordinary shares at a nominal value of EUR 0.50 per share.  Full Article

International Consolidated Airlines Group SA Announces New Shares Registration
Thursday, 3 Oct 2013 10:04am EDT 

International Consolidated Airlines Group SA announced that, as a continuation of the press release dated September 24, 2013, it has registered 13,250,262 new shares in the Commercial Register of Madrid. It is expected that in the coming days the new shares will be admitted to trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges, through the Automated Quotation System, and on the London Stock Exchange.  Full Article

International Consolidated Airlines Group SA To Convert Bonds With 8.3% Hike In Share Capital-Reuters
Tuesday, 24 Sep 2013 08:05am EDT 

Reuters reported that International Consolidated Airlines Group SA (IAG), parent of British Airways and Spanish airline Iberia, will redeem convertible bonds through issuing 153.8 million new shares, equivalent to 8.3% of the Company's shares in the market.  Full Article

International Consolidated Airlines Group SA Announces Issuance Of New Shares To Handle Requests For Bond Conversion From British Airways Plc’s Bondholders
Wednesday, 18 Sep 2013 12:28pm EDT 

International Consolidated Airlines Group SA (IAG) announced that its 16,929,627 new ordinary shares, issued to handle requests for bonds conversion from British Airways Plc’s bondholders (the issue in the amount of GBP 350,000,000, 5.80%, due in 2014), were registered in the Commercial Register of Madrid (el Registro Mercantil de Madrid). It is expected that in the coming days the new shares will be admitted to trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges, through the Automated Quotation System (SIBE) and on the London Stock Exchange.  Full Article

International Consolidated Airlines Group SA Places Orders For Up To 220 Airbus A320 Short From EADS NV-Reuters
Wednesday, 14 Aug 2013 04:30pm EDT 

Reuters reported that International Consolidated Airlines Group SA said it placed firm orders and options for up to 220 Airbus A320 from EADS NV short-haul aircraft, with as many as 120 of the planes for its Barcelona-based subsidiary, Vueling. International Airlines Group said the new aircraft would help Vueling to replace some of its existing A320 fleet and expand its business. The planes are to be delivered to Vueling between 2015 and 2020.  Full Article

UPDATE 1-IAG's Spanish carrier Iberia to start talks on new job cuts

MADRID, July 11 - International Consolidated Airlines Group (IAG) said on Friday its Spanish carrier Iberia would begin a consultation period to cut up to 1,581 staff.

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