International Consolidated Airlines ( (GB:IAG) ) has provided an update.
International Consolidated Airlines Group (IAG) has initiated the first tranche of a €1,000 million share buyback program, starting with €500 million. The program aims to reduce IAG’s share capital and involves strategic participation from Qatar Airways to maintain its stake. The buyback will be conducted on the London and Spanish Stock Exchanges and is expected to impact the company’s capital structure positively.
More about International Consolidated Airlines
International Consolidated Airlines Group (IAG) operates in the aviation industry, providing air transportation services. The company is a major player in the airline sector with a focus on international travel and operates several well-known airline brands.
YTD Price Performance: 12.19%
Average Trading Volume: 23,534,836
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £16.28B
See more data about IAG stock on TipRanks’ Stock Analysis page.