British Airways owner International Consolidated Airlines Group SA (LSE:IAG) shares fell over 1% on Tuesday as investors mulled the effects on the Anglo-Spanish airline's business of the Iberian blackout, plus read-across from rival Lufthansa's results. Analyst at Peel Hunt said the German carrier's first-quarter number has a "positive read across for IAG".
British Airways owner International Consolidated Airlines Group SA (LSE:IAG) offers investors upside, just not quite as much, that's the view of analysts at Deutsche Bank. It comes amid uncertainty over international travel demand, due to the economic impacts downstream of the trade wars brought on by Donald Trump's tariffs.
In the latest trading session, Iamgold (IAG) closed at $7.64, marking a -1.8% move from the previous day.
IAMGOLD Corporation NYSE: IAG shares have captured significant investor attention during the past month, registering a rally accompanied by exceptionally high trading volume. This pronounced market activity signals strong buying interest, consistently placing IAMGOLD on the top daily percentage gainer and highest daily volume watch lists.
Airline stocks have tanked in the past month due to rising recession risks linked to US tariffs, and JPMorgan warned that the market's pricing may not be cautious enough. The US investment bank said that given the risks, it prefers short-haul over long-haul, and prefer "quality" free cash flow-generating companies, such as Ryanair Holdings PLC (LSE:RYA) and British Airways owner International Consolidated Airlines Group SA (LSE:IAG).
UK airline stocks rebounded sharply in afternoon trading after early losses, with International Consolidated Airlines Group SA (LSE:IAG) and easyJet PLC (LSE:EZJ) both posting gains of 7%. Analysts at RBC noted that while the European aviation sector faces mounting recessionary risks amid rising trade tensions, there remains a mixed picture for carriers depending on their operational focus and cost structures.
The IAG share price has crashed hard this month, erasing most of its gains since last year, when it was one of the best-performing companies in the FTSE 100 index. It has dropped in the last three consecutive days, moving to a low of 210p, the lowest level since November last year.
Shares in International Consolidated Airlines Group SA (LSE:IAG), the owner of British Airways and Iberia, fell 10.5% in early trading on Monday as investors reacted to escalating fears of a global trade war. The drop follows US President Donald Trump's sweeping tariffs on imports, which have raised the risk of a broader economic slowdown.
British Airways-owner IAG will consider selling its 20% stake in Air Europa as the Spanish airline's owner continues talks with Air France-KLM and Lufthansa to sell a stake in the company.
Shares in British Airways owner International Consolidated Airlines Group SA (LSE:IAG) and Ryanair Holdings PLC (LSE:RYA) were in focus on Tuesday after Citi offered a bullish take on Europe's biggest airlines, saying strong summer demand is keeping recession fears firmly on the tarmac. The bank's analysts said they had taken a group of investors on a tour of airline management teams across Europe last week, including meetings with IAG, Ryanair, Lufthansa and Wizz Air.
Iamgold (IAG) closed the most recent trading day at $5.94, moving -1.66% from the previous trading session.
International Consolidated Airlines Group SA (LSE:IAG) may not see the same financial impact from last week's Heathrow fire as the £80 million hit the British Airways owner took from an IT outage in 2017. After Heathrow was closed on Friday because of an electrical substation fire, Citi's initial thoughts were to compare the situation to the 2017 IT outage cost, which included £30 million in lost revenue.