Top UK Stocks to Watch: IAG shares drop after lacklustre ramp-up
Joshua Warner July 30, 2021 8:15 AM
IAG’s capacity is recovering slower than expected, NatWest restores payouts and launches a buyback as the economic outlook improves, Rightmove sees growth surpass pre-pandemic levels, and Babcock shares plunge after sinking deeper into the red. Share:
Top News: IAG ramp-up disappoints but expected to improve going forward
International Consolidated Airlines Group, better known as IAG, revealed it operated at significantly lower capacity than expected in the first half as the pandemic continues to weigh on demand.
IAG, which owns a string of airlines including British Airways, Aer Lingus and Iberia, said capacity was equal to just 21.9% of pre-pandemic levels in the second quarter. That was way below the 25% guided by the company a
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