Shares of International Airlines Group (IAG.UK) are losing nearly 2% during today's session after a fire at an electrical substation supplying the airport forced Heathrow to face a significant power outage and suspend air traffic for the entire day.
British Airways (IAG's subsidiary) alone had 341 flights scheduled to land at Heathrow on Friday. In total, nearly 1,351 flights are scheduled to pass through the airport today.
Jefferies analysts report that compensation is likely to be the company's biggest immediate cost, estimating that it could amount to 1-3% of the group's EBIT in 2025.
Shares are losing 2%, but the scale of the sell-off at the beginning of the session after the news of the airport's suspension was significantly larger, reaching as much as 4.5%. Source: xStation
Rivian - Partnership with Uber and the R2. Is it a "Tesla killer"?
US Open: Iran rejects Trump’s peace plan as S&P 500 remains resilient
Market wrap 📈 European indices on the rise despite Iran - US tensions
OpenAI shuts down “Sora” - What does it mean for the markets?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
