Ryanair and British Airways could be sued for refusing refunds [CNN]
INTL CONSL AIRLNS S/ADR (ICAGY)
NASDAQ:AMEX Investor Relations:
iagshares.com
Company Research
Source: CNN
In a statement on Wednesday, the Competition and Markets Authority said that the airlines may have breached consumers' legal rights by refusing cash refunds on flights that went ahead during periods of lockdown. In many cases, the carriers instead offered vouchers or the option to rebook. During coronavirus lockdowns, the UK government made it illegal to travel abroad for non-essential reasons. These restrictions were lifted on May 17, although the government is still advising against travel to certain countries. "While we understand that airlines have had a tough time during the pandemic, people should not be left unfairly out of pocket for following the law," the CMA's CEO Andrea Coscelli said. "We believe these people should have been offered their money back," he added. The regulator said it would seek to resolve its concerns with Ryanair and British Airways, which is owned by IAG , before enforcing consumer protection legislation through the courts. "Ultimately, only a
Show less
Read more
Impact Snapshot
Event Time:
ICAGY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ICAGY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ICAGY alerts
High impacting INTL CONSL AIRLNS S/ADR news events
Weekly update
A roundup of the hottest topics
ICAGY
News
- Lufthansa offers concessions to gain EU nod on ITA takeover [Yahoo! Finance]Yahoo! Finance
- Exclusive: EU regulators have not sought feedback on IAG's Air Europa deal, sources say [Reuters]Reuters
- British Airways-owner IAG mulls dividend payout this year, Bloomberg News reports [Reuters]Reuters
- British Airways Owner IAG Said to Consider Dividend in 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- DCVC wanted to raise $500M for its first climate fund, but the market had other plans [Yahoo! Finance]Yahoo! Finance