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British Airways: IAG Share Price Crashes Below 100p, Here’s Why

British Airways Plane
Nigel F

Shares of International Consolidated Airlines Group (LON: IAG) fell more than 12% on Monday to trade below 100p for the first time since 2012. 

The UK stock market opened the week lower as investors fear that the country is heading towards a second national lockdown. As a result, the risk-deteriorating situation is hurting travel and leisure stocks as they are likely to suffer the most. 

Data from yesterday showed that a number of daily infections rose to a four-month high of 4,422 as hospitals prepare for another wave.

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“I don’t want to go into a second national lockdown at all. That’s the last thing anybody wants. I don’t want to go into bigger lockdown measures at all. We want to keep schools open,” the PM Boris Johnson said. 

Last week, IAG share price crashed 30% on reports that the company is forced to launch a heavily discounted rights issue to raise €2.74 billion to improve its liquidity.

IAG share price trades at 97.50 at the moment, or 11.8% in the red.

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Nigel F
Nigel F
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Nigels tiefes Verständnis der Finanzmärkte basiert auf über 10 Jahren Erfahrung. Nigel wurde bisher zweimal von der FCA (Financial Conduct Authority) autorisiert und hat in der letzten Zeit eine Finanz-Brokerage Firma besessen und verkauft. Er liefert hochaktuelle Analysen und Einsichten in die Finanzmärkte und in die allgemeine Wirtschafts- und Währungspolitik des Vereinigten Königreichs, der USA, Europas und Asiens.