Are investors having second thoughts about the IAG share price?
The International Consolidated Airlines Group (IAG.L) share price started the morning brightly, jumping 2% on today’s (1 August) first-half results. As someone who holds the high-flying growth stock, I was ready to celebrate another day in the sun – but what’s this?
As I settle down to write this around midday, the shares are down almost 2%. It looks like investors are having a rethink.
I can see why they were initially impressed. The FTSE 100 (^FTSE)-listed owner of British Airways, Iberia and Aer Lingus reported a strong set of numbers. Revenue rose 8% year on year to €15.9bn in the six months to 30 June. Operating profit before exceptional items climbed 43.5% to €1.88bn….
