A lot of Airline Stocks bounced back up recently as coronavirus drug hopes rose. The troubled Airline stocks have bounced back after certain reports of a vaccine breakthrough in the fight against the coronavirus. Everybody is hoping that the vaccine can be developed as fast as possible. It also seems that the British Airways boss played down the virus’ impact on the industry.
Shares of International Consolidated Airlines (IAG) went up in the last 2 weeks. This happened as the sector made a recovery. This happened despite the virus death toll continually rising.
Investors have some comfort knowing that there is a slowdown in new daily virus cases in Hubei province. Beijing has also taken useful steps to put more cash into the economy.
A decade ago, creating the vaccine would be very difficult. Technology has improved. In modern times, scientists right now are trying to create the vaccine against the previously unknown virus fast enough to help end the outbreak of the virus.
They are trying to stop the spread of the new coronavirus that has already infected 10,000s of people (mainly in China). The virus has given rise to a respiratory condition now known as COVID-19.
Usually, making a new vaccine could take a decade or longer. Right now, researchers are optimistic that they can do it within months (by summer or autumn).
In medicine history, the first successful vaccine to be developed was introduced by Edward Jenner in 1796. It was the Smallpox vaccine.
International Consolidated Airlines Group, S.A. is often shortened to IAG. It is an Anglo-Spanish multinational airline holding company with its registered office in Madrid, Spain. Its operational headquarters are in London, UK. It was formed in January 2011 after a merger agreement between British Airways and Iberia, the flag carriers of the UK and Spain, respectively. As British Airways was the larger company, those holding shares in British Airways at the time of the merger were given 55% of the shares in the new, merged company. British Airways and Iberia ceased to be independent companies and indeed instead became 100% owned subsidiaries of IAG. It is the 6th-largest airline company in the world. It produced an amazing €24.406 billion revenue in 2018. The fascinating company is listed on the London Stock Exchange and the Madrid Stock Exchange. It is a constituent of the FTSE 100 Index and IBEX 35 Index. The company was founded in 2011. The company serves a worldwide area. The company website is www.iairgroup.com.
The massive company is traded as:
- BMAD: IAG
- LSE: IAG
- FTSE 100 Component.
The company provides these services: Airline services, Passenger air transport services, Air freight services.
Revenue: €24.406 billion (2018)Operating income: €3,230 billion (2018)Net income: €2,897 billion (2018)Number of employees: 64,734 (2018)
This company is sure part of the Aviation Industry. The Entire Aviation Industry is defined as dealing with the activities surrounding mechanical flight and the aircraft industry. Aircraft includes fixed-wing and rotary-wing types, morphable wings, wing-less lifting bodies, as well as lighter-than-air craft such as balloons and airships.
Here are the Subsidiaries of International Airlines Group:
- Aer Lingus
- British Airways
- IAG Cargo
- Level Europe
- Avios Group