IAG cancels planned dividend payment
IAG is withdrawing its proposal to pay a E0.17-per-share final dividend to investors, following the coronavirus shutdown. The group will instead propose, at its annual shareholders’ meeting, that all of its 2019 profit – save that already paid as an interim dividend – be added to voluntary reserves. IAG‘s board is also delaying the shareholders’ meeting from June until the end of September. IAG is cutting capacity by 75% in April and May, and BA has suspended flights at both London Gatwick and London City airports.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-03/oneworld/iag-cancels-planned-dividend-payment
https://portal.staralliance.com/cms/logo.png
IAG cancels planned dividend payment
IAG is withdrawing its proposal to pay a E0.17-per-share final dividend to investors, following the coronavirus shutdown. The group will instead propose, at its annual shareholders’ meeting, that all of its 2019 profit – save that already paid as an interim dividend – be added to voluntary reserves. IAG‘s board is also delaying the shareholders’ meeting from June until the end of September. IAG is cutting capacity by 75% in April and May, and BA has suspended flights at both London Gatwick and London City airports.<br/>
