Why is IAG share price falling?

easyJet and IAG shares fall sharply as oil price fears hit FTSE 100 investors. IAG and easyJet both saw record profit in their most recent sets of results. However, both stocks could remain tied to oil price fears. easyJet and IAG shares have been falling since Hamas first launched attacks on Israel on 7 October.



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o Strong trading across the network at Iberia has driven an increase in total revenue of 19%, with capacity growth of 18% and passenger unit revenue growth of 5%, with leisure continuing to be strong and corporate travel mainly recovered to pre-Covid levels. Profit increased by 76% to €449 million and margins to 23.1%.

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The average share price target for International Consolidated Airlines is 218.13p. This is based on 8 Wall Streets Analysts 12-month price targets, issued in the past 3 months. International Consolidated Airlines's analyst rating consensus is a Moderate Buy. This is based on the ratings of 8 Wall Streets Analysts.

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Formed in January 2011, IAG is the parent company of Aer Lingus, British Airways, Iberia, Vueling and LEVEL. It is a Spanish registered company with shares traded on the London Stock Exchange and Spanish Stock Exchanges.

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