International Consolidated Airlines (LSE:IAG) has reported what analysts have called “blockbuster” full-year results — yet its share price is firmly in the red right now. At 431.4p per share, the British Airways owner has slumped 6% on Friday (27 February).
Is this daily drop simply down to investors taking profits after recent share price strength? Possibly. Or is something more sinister going on? Let’s take a look.
Image source: International Airline Group
Record numbers
Despite pressure on consumers in many markets, the broader travel sector continued to defy gravity last year. IAG’s brilliant results announcement today serves as a useful barometer for the resilience of the airline industry.
