new-recommended-broker-banner new-recommended-broker-banner

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

Practice Stock Trading
Updated: 21 September 2020

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.

“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.

PEOPLE WHO READ THIS ALSO VIEWED: