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British Airways

FTSE 100 edges lower

LONDON: London’s FTSE 100 dipped on Monday as weakness in industrial stocks and a stronger pound following the...

Published 11 May, 2021 04:39am

World

Fire and rehire: Britain's new labour battleground?

Employers can resort to a similar practice with workers on fixed-term contracts only in a limited set of circumstances.

Published 09 May, 2021 11:01am

Business & Finance

BA parent IAG loss tops 1bn euros in Q1

LONDON: IAG, owner of British Airways and other European airlines, posted on Friday a net loss of 1.1 billion euros...

Published 08 May, 2021 03:30am

Business & Finance

British Airways-owner IAG posts 1.14bn euro Q1 loss

Flying just 20% capacity in the three months to the end of March resulted in the group posting the operating loss before exceptional items of 1.14 billion euros.

Published 07 May, 2021 11:42am

World

Prince Harry arrives back in the UK for Prince Philip funeral

Her son Prince Andrew said on Sunday the queen was stoical in the face of a loss that she had described as "having left a huge void in her life".

Published 12 Apr, 2021 02:03pm

World

International passenger traffic down 89% in February, no sign of recovery: IATA

“International passenger traffic was down almost 89% and is showing no signs of recovery in the current environment,” IATA’s new director general Willie Walsh said at a presentation on Wednesday.

Published 08 Apr, 2021 10:01am

World

Holidays abroad this summer unlikely for most Britons, scientist warns

Britain has banned travel for most people during the current lockdown and has said overseas holidays will not be allowed until May 17 at the earliest.
I think international travel this summer is, for the average holidaymaker, sadly I think, extremely unlikely.

Published 20 Mar, 2021 06:09pm

Markets

European stocks rally

MILAN/LONDON: European stocks rose for a third straight session on Wednesday on hopes of a rebound in economic ...

Published 04 Mar, 2021 04:58am

Business & Finance

Virus-hit airline giant IAG dives to 6.9bn euro loss

LONDON: British Airways owner IAG said Friday it suffered a 2020 net loss of 6.9 billion euros ($8.4 billion) as the...

Updated 01 Mar, 2021 09:41am

Business & Finance

Virus-hit airline giant IAG dives to 6.9-bn-euro loss

"The group continues to reduce its cost base and increase the proportion of variable costs to better match market demand," said Gallego.

Published 26 Feb, 2021 02:36pm

Business & Finance

British Airways to trial mobile health passport on some flights

BA, owned by IAG, said on Friday it would trial the use of a mobile travel health passport, VeriFLY, following American Airlines, which is already using it.
Flying is currently at minimal levels, with flight volumes in Britain down more than 80% due to lockdowns and restrictions which ban most people from travelling.

Published 29 Jan, 2021 08:11pm

Business & Finance

British Airways-owner IAG buys Air Europa in cut-price 500mn euro deal

Given current cash pressures due to a lack of travel, IAG said that net cash outflow from the deal would be minimal in 2021.

Published 20 Jan, 2021 02:08pm

Markets

FTSE 100 dips

LONDON: London’s FTSE 100 slipped on Monday as a slide in crude oil prices weighed on energy stocks, while tighter...

Published 19 Jan, 2021 04:22am

Business & Finance

Norwegian Air to end transatlantic flights, seeks state help

Will focus on Nordic and European routes.
Says has resumed talks with government.
State says is considering whether to take a stake.

Published 14 Jan, 2021 04:57pm

Pakistan

British Airways announces suspension of flight operations to Lahore

The airline made the announcement in a tweet stating that it will suspend direct flights from Lahore, Pakistan to London Heathrow from April 2021 due to a change in their summer schedule.
The UK-based airline had stated direct flights to Lahore on October 14, 2020.

Published 12 Jan, 2021 07:33pm

Business & Finance

British Airways reviewing flight schedule after new lockdowns in UK

Restrictions on travel due to the pandemic meant that UK-based airlines were already operating at low levels.
"Our focus is on keeping crucial air links open - transporting vital goods and ensuring people who are permitted to travel can continue to do so safely.

Published 05 Jan, 2021 05:32pm

Business & Finance

Virus-hit British Airways secures £2bn loan

"British Airways expects to drawdown the facility in January 2021 subject to agreement of final terms with the lenders and UKEF."

Published 31 Dec, 2020 08:51pm

Business & Finance

British Airways Stores Away its A380 Fleet in Madrid

UK's flag-carrier British Airways has decided to move part of its Airbus A380 fleet for storage to Madrid due to a fall in large-scale passenger demand amidst the second COVID wave.

Published 14 Nov, 2020 03:00pm

Business & Finance

New British Airways CEO urges end to UK quarantine

"If we look abroad to our near neighbours, we see that business travel and indeed tourism is being prioritised by some countries," Doyle added.

Published 19 Oct, 2020 07:39pm

Business & Finance

Virus-blighted British Airways announces shock CEO departure

Parent group IAG added in a statement that the Spanish businessman, who had been BA chief executive for four and half years, will be replaced by its Aer Lingus boss Sean Doyle.

Published 12 Oct, 2020 05:18pm

British Airways to begin direct flights from Lahore

Flight operation will start from October 14 while the airline also issued COVID-19 measures to keep the passengers safe

Published 15 Sep, 2020 07:35pm

British Airways resumes flight operations to Pakistan

The airline says direct flights would take off three times a week between London’s Heathrow Airport and Islamabad International Airport

Published 14 Aug, 2020 08:22pm

Business & Finance

British Airways reaches deal in principle with some Heathrow staff

I am pleased to report we have made significant progress in these areas with both unions which will help us to save jobs and mitigate the impact of redundancies.
Customer-facing ground staff at Heathrow will not face compulsory redundancy, said the Financial Times.

Published 11 Aug, 2020 11:02pm

Business & Finance

British Airways to resume flights to Russia on Aug 2

International flights were grounded on March 30 after the imposition of lockdown measures to curb the spread of the coronavirus.
The first regular flight by Russia's Aeroflot will fly from Moscow to Istanbul on Saturday.

Published 31 Jul, 2020 11:37pm

Business & Finance

British Airways to resume flight operations to Pakistan

As per details, the carrier is resuming its air operations to Pakistan from August, the British company will operate three flights a week from Heathrow to Islamabad.

Published 28 Jul, 2020 02:52pm

Business & Finance

End of the jumbo: British Airways retires 747 early due to coronavirus crisis

BA had been due to retire its jumbo fleet in 2024.
Predecessor airline BOAC first flew jet in 1971.
Four-engined jumbos superseded by efficient twinjets.

Published 17 Jul, 2020 07:39pm

Business & Finance

Airlines end legal challenge to UK quarantine policy

High Court challenge coincides with policy change.
Airlines welcome end of "irrational" rules.
Government argued policy needed to help avoid second wave.

Published 03 Jul, 2020 09:26pm

Business & Finance

BA, easyJet and Ryanair fight British quarantine with legal action

All three airlines had hoped to resume regular flights after air travel came to a total standstill during the coronavirus pandemic, leading to almost 20,000 job losses between them.

Published 12 Jun, 2020 04:25pm

Business & Finance

British Airways to put artworks on sale in COVID-19 cash crunch

The airline has said it is taking steps now to reduce up to 28% of staff numbers to protect as many jobs as it can in the long term.

Published 11 Jun, 2020 04:09pm

World

Britain starts mandatory self-quarantine for arrivals

The chief executive of London's Heathrow, John Holland-Kaye, told the City AM newspaper it could lead to the loss of potentially 25,000 jobs at his airport -- a third of staff.

Published 08 Jun, 2020 04:59pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20
France CAC40 / May 22	8092.11
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80

Item	Value
Gold 10 Grams PKR / May 22	212791
Petrol/Litre / May 23	273.10
Crude Oil USD/Barrel / May 23	76.94
Karachi Cotton PKR/37.32 KG / May 23	19935
Gold Spot USD/Ounce / May 23	2362.37
Diesel/Litre / May 23	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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British Airways

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