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IAG gets its wings back despite fuel price rises

27 April 2011

Oil prices may have stayed close to their recent highs, but that failed to prevent International Airlines Group (IAG) flying to the top of the blue-chip index last night.

Ever since British Airways and Iberia merged and began trading under their new moniker in January, the airline has seen its share price plummet, falling by 20 per cent as the cost of the black stuff soared. Yet IAG rose by 9.9p to 229.6p yesterday after UBS chose the airline as its “‘top pick'” among the flagship carriers.


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