Airline shares mixed as flight disruption continues
Airline stocks were mixed this afternoon as flight travel disruptions continue. Shares in British Airways owner IAG and Ryanair were lower, while easyJet stock's rose on Wednesday afternoon. IGTV’s Angela Barnes has more.
(Video Transcript)
Airline shares mixed amid mayhem
Airline stocks are mixed this afternoon as flight travel disruptions continue. Thousands of passengers were left stranded after a UK air traffic control failure meant flight plans had to be put in manually by controllers. National Air Traffic Services said a flight plan that its systems could not process was behind Monday's technical problem.
If we look at airline stock charts now, we can see that Ryanair Holdings up 0.69% today, easyJet down 0.06% and British Airways owner IAG down 0.97%, nearly 1%. So, a mixed reaction and no big moves here on airline stocks.
Knock-on disruptions could continue
But of course, the markets don't know how this story will evolve just yet. And passengers have been warned to expect continued knock-on disruptions for the next couple of days. And some airlines have been refunding passengers as well. Michael O'Leary, who's the boss of Ryanair, said it had to cancel about 250 flights on Monday, which affected about 40,000 passengers.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
