Higher oil prices ground IAG and easyJet shares
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Shares in International Consolidated Airlines Group and easyJet fell due to rising oil prices, which increased fuel costs for airlines. Brent crude surpassed $75 per barrel, marking its second consecutive session of gains.
February 10, 2025 | 1:30 pm
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International Consolidated Airlines Group shares fell as rising oil prices increased fuel costs, impacting profitability.
Rising oil prices directly increase fuel costs for airlines, which is a significant expense. This negatively impacts IAG's profitability, leading to a drop in share price.
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