IAG shares slip after CEO downplays easyJet bid
International Consolidated Airlines Group shares slipped Friday, erasing some of Thursday’s 2.3% gain. CEO Luis Gallego said regulatory hurdles could complicate any deal with easyJet, sending the stock lower. IAG’s investment case for the near term is shifting away from bets on a big deal and leaning more on capital returns and how well it can run its business. Investors cleared every board proposal at the annual meeting Thursday, smoothing the way for its current plans.