International Consolidated Airlines Group SA (ICAG.L) Key Developments | Reuters.com
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International Consolidated Airlines Group SA (ICAG.L)

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Latest Key Developments (Source: Significant Developments)

International Consolidated Airlines Group SA's British Airways passengers, crew escape blazing plane in Las Vegas - Reuters
Tuesday, 8 Sep 2015 08:00pm EDT 

International Consolidated Airlines Group SA:All 172 passengers and crew escaped a fire on a British Airways (BA) plane in Las Vegas on Sept.8 when smoke and flames engulfed the aircraft as it was about to take off for London - Reuters.The fire in one of the plane's two engines sent black smoke into the cabin, forcing the passengers to rush to the front, sparking scenes of panic, one person on board tweeted - Reuters.Several passengers and crew suffered minor injuries and were taken to hospital after all on board the Boeing Co 777 escaped down emergency inflatable slides - Reuters.The Federal Aviation Administration's Pacific Division said the plane's left engine had burst into flames on take-off. BA ICAG.L said the engines were made by General Electric - Reuters.Video and photographs from the scene showed the wide-body jet engulfed in flames and thick black smoke at McCarran International Airport. The plane was carrying 159 passengers and 13 crew members - Reuters.The incident temporarily delayed flights across the western United States - Reuters.  Full Article

International Consolidated Airlines Group SA announces offer for Aer Lingus Group plc
Wednesday, 27 May 2015 02:00am EDT 

International Consolidated Airlines Group SA and Aer Lingus Group plc:Reach agreement on terms of recommended cash offer to be made by AERL Holding Ltd, wholly owned subsidiary of IAG, for entire issued and to be issued ordinary share capital of Aer Lingus.Say Aer Lingus shareholders will receive 2.55 euros in cash for each Aer Lingus Share, comprising: cash payment of 2.50 euros per Aer Lingus share; and payment of cash dividend of 0.05 euros per Aer Lingus Share (payable on May 29, to Aer Lingus shareholders on register of members on May 1).Say transaction values Aer Lingus' entire issued and to be issued ordinary share capital at about 1.4 billion euros.  Full Article

International Consolidated Airlines Group SA gives FY 2015 operating profit guidance above analysts' estimates
Friday, 27 Feb 2015 02:02am EST 

International Consolidated Airlines Group SA:Expects in FY 2015 to generate an operating profit in excess of 2.2 bln euros.FY 2015 operating profit of 1.91 bln euros - Thomson Reuters I/B/E/S.  Full Article

BMW, Bosch join Deutsche Bahn in airline cartel damages claim against International Consolidated Airlines Group SA's British Airways and others - Reuters
Saturday, 31 Jan 2015 10:34am EST 

International Consolidated Airlines Group SA:BMW and Bosch said on Jan. 31 they would join Deutsche Bahn in two claims for about 2.1 bln euros ($2.4 bln) in damages from air freight carriers who were involved in a cartel - Reuters.The air cargo cartel, which included Lufthansa and British Airways, was first discovered seven years ago and triggered fines in the European Union and in the United States.Confirming a report in German magazine WirtschaftsWoche, spokespeople for BMW and Bosch said the companies had joined the lawsuits, announced by Deutsche Bahn in December.The magazine also reported that Continental, Kuehne + Nagel and Panalpina were seeking damages from the cartel members.Deutsche Bahn says its freight business Schenker was overcharged for air cargo services for more than six years as carriers colluded in setting fuel and security surcharges.The firm is seeking 1.2 bln euros in damages plus 560 mln euros in interest in a suit filed with a court in Cologne, plus another $370 mln in the United States.The airlines it is suing in Germany are Lufthansa, Air Canada, British Airways, Cargolux, Cathay Pacific, Japan Airlines, LAN, Qantas, SAS and Singapore Airlines.In the United States, it is seeking damages from Air France, All Nippon Airways, Cargolux, KLM, Martinair, Qantas and SAS.  Full Article

Qatar Airways acquires 9.99 pct in International Airlines Group
Friday, 30 Jan 2015 02:01am EST 

Qatar Airways:Says it has acquired a 9.99 pct stake in International Airlines Group.  Full Article

International Consolidated Airlines Group SA statement on possible offer for Aer Lingus PLC
Thursday, 18 Dec 2014 10:25am EST 

International Consolidated Airlines Group SA:Notes the recent movement in the share price of Aer Lingus and confirms it submitted a proposal to make an offer for Aer Lingus, which has been rejected by Board of Aer Lingus.There can be no certainty that any further proposal or offer will be forthcoming.  Full Article

International Consolidated Airlines Group SA updates FY 2014 EBIT guidance
Friday, 31 Oct 2014 03:00am EDT 

International Consolidated Airlines Group SA:Expects FY 2014 operating profit before exceptional items in the range of 550 mln euros to 600 mln euros, from a base of 770 mln euros in 2013.  Full Article

International Consolidated Airlines Group SA orders 16 new planes for Spain's Iberia-Reuters
Friday, 1 Aug 2014 02:28am EDT 

International Consolidated Airlines Group SA:The International Airlines Group (IAG) said is has placed orders for eight Airbus A350-900 aircraft and eight A330-200 for Spanish airline Iberia to replace its long haul A340 fleet-Reuters.The new orders are to be delivered between 2015-2020, the group said in a statement.  Full Article

International Consolidated Airlines Group SA gives FY 2014 operating profit guidance
Friday, 1 Aug 2014 02:01am EDT 

International Consolidated Airlines Group SA:Expects to improve operating profit for FY 2014 by at least 500 mln euros, from a 2013 base of 770 mln euros.  Full Article

International Consolidated Airlines Group SA says Iberia sells Amadeus stake for 578 mln euros-Reuters
Thursday, 31 Jul 2014 12:38pm EDT 

International Consolidated Airlines Group SA:Spanish airline Iberia is selling its stake in Madrid-based travel technology company Amadeus, held through derivatives, to Nomura for 578 million euros ($774 million), the International Airlines Group (IAG) said-Reuters.  Full Article

BA owner IAG warns on profit after Brexit vote

LONDON, June 24 British Airways owner International Consolidated Airlines Group warned on profit on Friday, blaming a weaker than expected trading environment in the run up to the referendum that saw Britain vote to leave the European Union.