British Airways, easyJet lose altitude on growing oil costs
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British Airways owner International Consolidated Airlines Group (IAG) and easyJet faced stock pressure due to rising oil prices, which could lead to higher fuel costs. IAG shares dropped by 3.5% and easyJet by 2.7% as Brent crude surpassed $80 per barrel.
January 13, 2025 | 1:00 pm
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International Consolidated Airlines Group (IAG) shares fell by 3.5% due to rising oil prices, which could increase fuel costs.
IAG's stock price is directly impacted by rising oil prices, as fuel is a significant cost for airlines. The increase in Brent crude to over $80 per barrel has led to a 3.5% drop in IAG's share price.
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