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British Airways-owner IAG mulls dividend payout this year, Bloomberg News reports

Published 05/04/2024, 15:44
Updated 05/04/2024, 15:45
© Reuters. FILE PHOTO: A British Airways Boeing 777 passes a British Airways Airbus as it takes off from Heathrow Airport, in London, Britain, November 28, 2023. REUTERS/Peter Nicholls/File Photo

(Reuters) - British Airways (LON:ICAG) owner IAG is considering reinstating dividend payments as soon as this year, Bloomberg News reported on Friday, citing people familiar with the matter.

IAG last paid an interim dividend of 0.145 euros ($0.1566)per share in 2019 before scrapping final payouts the following year as the pandemic rattled the airline industry.

The company, which also owns carriers Aer Lingus and FlyLevel, did not immediately respond to a Reuters request for comment.

While directors had proposed that no dividend should be paid for 2023, the company said in February there were no restrictions on dividend payments from the main operating businesses except for British Airways (BA), which had several undrawn committed credit facilities.

BA is IAG's biggest and most profitable airline.

($1 = 0.7940 pounds)

($1 = 0.9262 euros)

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