Browsing Tag
IAG
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IAG (LSE: IAG) jumps 6.4% as British Airways owner moves to wipe out €825m of bond dilution
Three days after a profit warning, IAG is buying back €825m of 2028 convertibles. The move kills 5.6% dilution before it happens, and the market noticed.
Jet fuel hits $200 a barrel: airlines across Asia and Europe scramble to raise fares
Qantas, SAS, Air New Zealand and Air India raised fares as the Middle East conflict pushed jet fuel to $200 a barrel and closed Gulf airspace.