IAG Drops for the Week After British Airways Parent’s €1 Billion Avios Plan Runs Into Fuel Jolt
International Consolidated Airlines Group finished the week in the red. Investors weighed the company’s new €1 billion profit goal for its Avios loyalty arm against concerns over higher jet fuel costs, which stayed in focus at the IATA industry summit. London trading paused for the weekend, so the last move was Friday’s close. IAG — the holding group for British Airways, Iberia, Vueling, and Aer Lingus — ended Friday at 420.8 pence, slipping 0.12% for the session. Shares dropped about 2.2% for the week, from 430.1 pence last Friday.