International Consolidated Airlines Group SA IAG

Latest Morningstar Commentary
DateAuthor Headline
07/12/2012Shore Capital Pension Tweaks May Impact FTSE 350 Stocks
The Autumn Statement may lead to changes in corporate pension rules and we list 10 FTSE 350 companies that may be impacted by any regulatory easing
02/10/2012Alanna Petroff Mixed Emotions on the FTSE
TUESDAY MARKET UPDATE: Markets lacked direction as investors mulled over reports that Spain is about to officially request a bailout
12/10/2011Neal Dihora, CFA Airlines Should Prepare for a Hard Landing
Recent trends point to a slowdown in revenue and a decline in profitability for airlines

Latest Company News

DateTimeSourceHeadlineType
Previous Stories...
24/05/201313:40DJDJ IAG: Vueling Shareholders to Meet on June 27 to OK DelistingMNA
24/05/201313:27RNSInternational Cons Airlines Group - Tender offer to delist Vueling sharesMSC
24/05/201313:27DJDJ International Cons Airlines Group Tender offer to delist Vueling sharesMNA
24/05/201310:27DJDJ Emergency Landing Shuts Heathrow RunwaysOUT
24/05/201309:48RNSInternational Cons Airlines Group - Director/PDMR ShareholdingRDS
17/05/201311:12RNSInternational Cons Airlines Group - Notice of AGMNOA
14/05/201316:10RNSInternational Cons Airlines Group - Publication of Offering CircularPDI
14/05/201310:29DJDJ IAG Raises EUR390M Via Convertible Bond Issue >IAG.LNOUT
14/05/201310:20RNSInternational Cons Airlines Group - IAG Convertible Bond CompletionMSC
14/05/201307:17DJDJ IAG Launches EUR400M Convertible Bond to Fund Vueling AcquisitionOUT
14/05/201307:00RNSInternational Cons Airlines Group - IAG Convertible Bond LaunchMSC
10/05/201309:25DJDJ Iberia Restructuring Pushes IAG to Wider LossOUT
10/05/201307:00RNSInternational Cons Airlines Group - 1st Quarter ResultsQRF
09/05/201316:20RNSInternational Cons Airlines Group - Directorate ChangeBOA
09/05/201316:17RNSInternational Cons Airlines Group - Shareholder Meeting AgendaMSC
08/05/201315:06DJDJ IAG: April Traffic -5.6% Versus April 2012; Capacity -2.9%ERN
08/05/201314:59RNSInternational Cons Airlines Group - Traffic Statistics April 2013MSC
07/05/201314:21DJDJ EARNINGS PREVIEW: IAG 1Q Oper Loss Seen Narrowing To EUR230MERN
07/05/201313:17DJDJ Lufthansa Faces Criticism Over Board Candidacy ConfusionAGM
30/04/201315:37RNSInternational Cons Airlines Group - Total Voting RightsTVR
Regulatory News Abstract
DateType Story
14/05/2013Business Event Convertible bond issue
The company is launching a senior unsecured convertible bond offer of EUR 390m maturing on 31 May 2018, to fund its acquisition of Vueling, enhance liquidity and lower its cost of capital. The bonds can be converted into Ords of the company at the conversion price of EUR4.2503 per Ords. Full conversion of the bonds would increase the number of company shares in issue by up to 5.00%
10/05/2013Trading Statement no outlook statement
no outlook statement
09/05/2013Non-Exec Director Change Jose Norniella leaves board
Jose Norniella, non-executive director, intends to step down from the board with effect from AGM 2013
09/05/2013Non-Exec Director Change Alberto Esteban appointed
Alberto Esteban will be appointed to the board as non-executive director with effect from AGM 2013
08/05/2013Business Event Traffic statistics for April 2013
The company announces that in April 2013, its traffic measured in revenue passenger kilometres decreased by 5.60% versus a April 2012; group capacity measured in available seat kilometres was down 2.90%. Group premium traffic for the month of April increased by 1.80% compared to the previous year and non-premium traffic decreased by 6.90%
23/04/2013Acquisition Vueling shareholders accept tender offer
The company announces that Vueling, the Spanish low cost carrier based in Barcelona, is to become part of the company after the majority of its shareholders accepted the company's cash tender offer for the airline, following recommendation by the Vueling board. The Spanish National Securities Market Commission has announced that 82.4% of the remaining shareholders have accepted the company's offer of EUR9.25 per share. The cost of purchasing the Vueling shares is EUR124m. The acquisition will be completed on 26 April 2013
22/04/2013Business Event Airbus A350 orders
The company is ordering Airbus A350 aircraft for the Group's longhaul fleet. For British Airways, there are 18 A350-1000 firm orders, plus 18.0 options. These are in addition to 18.0 Boeing 787 options which the company announced previously that it plans to convert into firm orders. For Iberia, the company has also reached agreement with Airbus as well as Boeing to secure commercial terms and delivery slots that could lead to firm orders for A350s and/or Boeing 787s. Firm orders will only be made when Iberia is in a position to grow profitably, having restructured and reduced its cost base.
04/04/2013Business Event Traffic statistics for March 2013
The company announces that in March 2013, its traffic measured in revenue passenger kilometres increased by 0.10% versus March 2012; group's capacity measured in available seat kilometres was down 1.10%. Group premium traffic for the month of March decreased by 2.00% compared to the previous year, with a 0.50% increase in non-premium traffic
04/04/2013Business Event Longhaul fleet orders
The company has reached agreement with Boeing for new longhaul aircraft for the group's fleet. The company plans to convert 18 existing Boeing 787s options into firm orders for British Airways. They will be used to replace some of the airline's Boeing 747-400 aircraft between 2017 and 2021. For Iberia, the company has reached agreement with Boeing to secure commercial terms and delivery slots that could lead to an order for Boeing 787s.
04/04/2013Business Event Vueling revised offer approved
The company announces that Spain's National Securities Market Commission has approved the revised offer for Vueling. The revised offer is for EUR9.25 per share and the minimum acceptance level is 4.16% of Vueling's capital. The company's subsidiary Iberia owns 45.9% of Vueling shares and will not participate in the offer. The offer acceptance period has been extended by nine days so that Vueling shareholders have more time to assess the revised offer. The closing date is now April 19, 2013.
27/03/2013Director Change Rafael Turmo leaves board
Rafael Turmo, executive director, has stepped down from the board with immediate effect
27/03/2013Director Change Luis Gallego appointed
Luis Gallego has been appointed to the board as executive director with immediate effect
27/03/2013Acquisition Tender offer for shares of Vueling Airlines
The company's wholly-owned subsidiary, Veloz Holdco, S.L., in relation with the tender offer it has launched for 100% shares of Vueling Airlines, S.A. has resolved: to increase the consideration offered in the offer of EUR 7.00 per share of Vueling to EUR 9.25 per share, to extend the offer acceptance period from 39 to 48 calendar days and to reduce the offer's minimum acceptance condition from 90.0% of those Vueling voting rights not owned by Iberia to 1.24m Vueling shares, which represent 4.16% of Vueling's share capital
13/03/2013Business Event Update on mediator proposal for Iberia
The company announces that further to its acceptance of the mediator's proposal regarding Iberia, unions representing the majority of Iberia's employees have agreed to accept the proposal
11/03/2013Business Event Statement on Iberia
The company has decided to accept the proposal announced on 10 March 2013 to analyse and assess the proposal issued by a mediator regarding Iberia
06/03/2013Adviser Change Appointment of Auditor
Ernst & Young has been appointed as Auditor to the company
06/03/2013Trading Statement no outlook statement
no outlook statement
05/03/2013Business Event Traffic statistics February 2013
The company announces that in February 2013, its traffic measured in revenue passenger kilometres decreased by 2.40% versus February 2012; group's capacity measured in available seat kilometres was down 4.40%. Group premium traffic for the month of February grew by 0.20% compared to the previous year, with a 2.90% decrease in non-premium traffic
28/02/2013Business Event CNMV Authorisation
The company in compliance with article 82 of Law 24/1988, of July 28, on the Securities Markets, hereby announces that the Spanish National Securities Market Commission authorised the tender offer that was filed by Veloz Holdco, S.L., a wholly-owned subsidiary of IAG, on 10 December 2012 and declared admissible on 20 December 2012
12/02/2013Business Event Update on Iberia Transformation Plan
The company announces that Iberia has informed its employees, trade unions and the Spanish Employment Ministry that it has started the formal process of collective redundancy; 3,807 jobs in the airline are affected. There will now be a 30 day consultation process
06/02/2013Acquisition Tender Offer over Vueling Airlines S.A.'s shares
The company announces that its wholly-owned subsidiary, Veloz Holdco, S.L. (Sociedad Unipersonal) has resolved not to seek that the consideration offered in its tender offer for the acquisition of Vueling Airlines, S.A. of EUR7.00 per share qualifies as an equitable price. Accordingly, the tender offer will hereinafter be governed exclusively by the rules applicable to voluntary offers and the valuation report prepared by the independent expert engaged by Veloz Holdco including the application of the valuation standards and methods provided for in Section 10 of Royal Decree 1066/2007
05/02/2013Business Event Traffic statistics - January 2013
The company announces that in January 2013, its traffic measured in revenue passenger kilometres rose by 0.70% versus January 2012; group's capacity measured in available seat kilometres was down 1.00%. Group premium traffic for the month of January grew by 2.70% compared to the previous year, with a 0.30% decline in non-premium traffic
01/02/2013Business Event Statement on Iberia transformation plan
The Company confirms that no agreement has been reached between Iberia and its trade unions over the airline's transformation plan proposals, published on 9 November 2012. Iberia will, therefore, press ahead with the previously announced capacity reduction of 15.0% for 2013. The Company will also move forward on alternative plans to return Iberia to break-even, in terms of operating cash flow, by the second half of this year and restore Iberia to an acceptable level of profitability by 2015
07/01/2013Business Event Traffic statistics December 2012
The company announces that in December 2012, its traffic measured in revenue passenger kilometres rose by 0.30% versus December 2011, group's capacity measured in available seat kilometres was down 0.40%. The company's premium traffic for the month of December grew by 4.60% compared to the previous year, with a 0.40% decline in non-premium traffic
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