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The Latest Breaking News from IAG

ASX eases amid interest rate uncertainty, Star plunges on $1.6 billion write-down threat — as it happened

The ASX ends lower on a raft of mixed earnings reports from JB Hi-Fi, Aurizon, IAG, Endeavour and others, while casino operator Star plunges on a write-down warning.

ABC News

The four-wheeled submarines of Auckland

Someone left the Swift out in the rain - insurance agents are overloaded with calls about flood-damaged vehicles

Newsroom.co.nz

ASX slips ahead of US, British and European rate hikes, Rio Tinto apologises after radioactive capsule lost in WA

Rio Tinto's iron ore division chief Simon Trott has apologised and says the company is taking the lost radioactive capsule in WA "very seriously", while the Australian share market slips from its nine-month high ahead of a busy week.

ABC News

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Teesside's Nova Pangaea Technologies secures investment from British Airways parent IAG

The clean tech firm's latest deal follows recent £5.2m investment from a group of backers

Birmingham Post

Climate crisis will bring more and worse tropical cyclones to Australia’s east coast, study predicts

Research conducted jointly by IAG insurer and the US National Center for Atmospheric Research warns of ‘rapidly increasing risk’ from severe storms

The Guardian - AU

British Airways owners IAG airlines could 'takeover' budget airlines like easyJet

EasyJet and Portuguese airline TAP are two companies that might be being eyed up by International Consolidated Airlines Group, which owns British Airways, Iberia, Aer Lingus and Vueling

Daily Mirror

BA owner raises profit forecasts as airline revenues return to pre-Covid levels

IAG says leisure holidays main driver of resurgence while business travel continues to recover

The Guardian - UK

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British Airways owner IAG boosts profits despite Heathrow chaos

It comes as Heathrow explores a passenger cap to prevent fresh chaos at the airport on peak days in the run-up to Christmas

Evening Standard

Australia’s financial sector will pay customers $7.2bn for wrongdoing, regulator says

Australian Securities and Investments Commission issues guide for paying compensation and tells companies to pay up quickly

The Guardian - AU

IAG returns to profit despite perils blow

Insurance giant IAG made a $347 million full-year profit in the 12 months to June 30, beating expectations despite blowing out its natural perils allowance.

AAP

BA chief calls Heathrow chaos “acute” as airline cuts passenger capacity forecasts

Airline says bookings for the fourth quarter “seasonally low” for this time of year but returns to profit

Evening Standard

British Airways’ parent company IAG returns to profit between April and June

CEO thanks customers hit by Heathrow cancellations ‘for their loyalty and patience’

The Independent UK

Heathrow faces summer of disruption as BA staff vote to strike

BA accused of using ‘fire and rehire’ tactics during lockdown to slash 10% off Unite and GMB workers’ pay

The Guardian - UK

Morning Brief: Top Financial Stories Dominating on Thursday, May 19

CNBC CDC Looking Into 180 Cases Of Unexplained Pediatric Acute Hepatitis

Benzinga

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Benzinga

IAG Finalizes Agreement With Boeing For Up To 150 737 Jets

British Airways owner International Airlines Group (IAG) ordered a combined total of 50 737-8-200s and 737-1

The Independent UK

British Airways’ parent company orders dozens of planes originally designed for Ryanair

Boeing 737-8200 is a special high-capacity version of the Max with extra seats fitted

Benzinga

RBC Capital Cuts iA Financial Price Target By ~10%

iA Financial Corporation Inc (TSX:IAG) (OTC:IAFNF) price target has been reduced to C$86 from C$96 by RBC Capital analyst Darko Mihelic to account for higher risk in the current environment. The analyst maintained the Outperform rating on the shares. Mihelic mentioned that analysts have significantly reduced the 2022 core EPS estimate following the quarter, but…

Benzinga

Recap: Iamgold Q1 Earnings

Iamgold (NYSE:IAG) reported its Q1 earnings results on Tuesday, May 3, 2022 at 05:00 PM. Here's what investors need to know about the announcement. Earnings Iamgold beat estimated earnings by 150.0%, reporting an EPS of $0.05 versus an estimate of $0.02.

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Wales Online

British Airways, Iberia, Vueling and Aer Lingus axe flights as group tackles staff shortage

The airline needs to recruit 6,000 workers having made thousands redundant

The Guardian - UK

Business class travel helps post-pandemic airline sales take off

The front of the cabin is looking more like 2019 as business travellers return and pandemic savers splash out

The Independent UK

British Airways parent IAG hit by huge losses but eyes return to post-Covid profit

First-quarter losses were much worse than predicted because of staffing and reliability problems

The Independent UK

OLD British Airways parent IAG hit by huge losses amid cancellations but eyes return to post-Covid profit

First-quarter losses were much worse than predicted because of staffing and reliability problems

Evening Standard

British Airways owner reports another heavy loss in first quarter

International Airlines Group takes £624 million drop as it flies through pandemic jetwash

The Guardian - UK

BA owner says recovery of business travel will drive return to profit

More trips by wealthy passengers as Covid controls eased also improved demand for IAG in first quarter

Evening Standard

FTSE 100 Live: Stagflation fears continue to hit pound, house prices up again

A volatile week for stock markets is ending with the pound at a two-year low and shares under more pressure as stagflation fears grow.

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