IAG slips as traders test strength of rally on fuel hedge doubts
IAG shares fell 0.15% to 409.6p in London on Wednesday, marking a third straight decline as investors focused on rising fuel costs and hedging strategies. The group is 70% hedged for 2026 but now expects its annual fuel bill to reach €9.0 billion. IAG revised its capacity growth forecast downward and will report second-quarter results on July 31.