Cautious Optimism As Stock Recovers Some Ground
- Summary:
- Rising geopolitical risk in the Middle East and rising oil prices have brought headwinds to IAG share price, but it has some cushion.
International Consolidated Airlines Group (IAG) share price traded flat in the Wednesday afternoon trading session, with the stock at GBX 196. The stock has been on a recovery mode this week following last week’s steep decline that sent it down by 9.5 percent to snap a ten-week winning streak.
The airline conglomerate, which owns multiple airlines like British Airways, Aer Lingus, Iberia, Vueling, and IAG Cargo, has encountered headwinds in its cost and revenue fronts in recent days. Iran’s attack on Israel last week raised the prospect of a regional war in the Middle East. As Israel mulls a…
