IAG Halts Air Europa Acquisition Amid Regulatory Concerns

British Airways owner cancels €400m deal after EU regulators raise competition issues; announces first dividend since pandemic.

IAG shares rise 5% following the announcement of the deal's termination and strong half-year financial results.
The airline group reports a revenue increase to €14.7 billion for the first half of 2024.
IAG will pay a €50m break fee to Air Europa's owner, Globalia, for canceling the acquisition.
The decision to abandon the deal follows an in-depth investigation by the European Commission.
IAG announces its first dividend payment since COVID-19, reflecting confidence in business performance.