British Airways and Iberia to be relisted under IAG in late Jan-2011
Trading of ordinary shares in British Airways will be suspended from 21-Jan-2011, due to the company's merger with Iberia. International Consolidated Airlines Group, the merger vehicle under which the carriers are combining their organisations, will have its shares listed on the London Stock Exchange as well as the Madrid, Barcelona, Bilbao and Valencia stock exchanges from 24-Jan-2011.
- British Airways' ordinary shares will be suspended due to its merger with Iberia.
- International Consolidated Airlines Group will have its shares listed on multiple stock exchanges.
- British Airways' shares rose by 0.9% while Iberia's shares increased by 1.7%.
- SAS reported a significant increase in traffic and passenger numbers for December 2010.
- Shares in SAS, Air France-KLM, and Lufthansa experienced positive gains.
- El Al Israel Airlines' shares recovered by 5.5% after a recent decline.
Shares in British Airways rose 0.9% on Tuesday while shares in Iberia were up 1.7%
SAS reported traffic (RPKs) for Dec-2010 increased 14.3%, on a 9.1% increased in capacity. Passenger numbers rose 10.9% to 1.8 million. Passenger load factor was 73%, slightly below the carrier's full-year average of 74.2%. Shares in SAS rose 3.5%, with other western European full-service carriers also up. Air France-KLM gained 3.4%, while Lufthansa rose 1.2%.
Shares in El Al Israel Airlines rose 5.5% yesterday, recovering much of the ground lost over trading late last week and earlier this week.
Selected European airlines daily share price movements (% change): 11-Jan-2011
