British Airways Owner IAG Said to Consider Dividend in 2024 [BNN Bloomberg (Canada)]
INTL CONSL AIRLNS S/ADR (ICAGY)
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Source: BNN Bloomberg
the airline group closer to fully repairing its finances after years of pandemic depression. The owner of British Airways has told investors that payouts could be made before the end of the year, said the people, asking not to be identified because the discussions are private. One factor for IAG in its decision process is that its investment program — which includes £7 billion ($8.8 billion) pounds to modernize British Airways — is going well, one of the people said. Read More: British Airways Plans £750 Million on Digital Upgrades IAG last paid an interim dividend in late 2019, months before the global pandemic grounded airlines around the world and destroyed their balance sheets. While the company has pledged to reinstate dividends soon, it hasn't provided a time frame for when it might do so. Shares of the company, which also owns Spain's Iberia, pared earlier declines after the Bloomberg News report. The stock was trading at 174.90 pence, down 0.9% at 1:34 p.m. in London.
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