The IAG share price falls: opportunity or warning?
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Despite positive developments in the fight against Covid-19, today’s results from British Airways owner
IAG(LSE: IAG) continue to highlight just how tricky the current trading environment is for the
FTSE 100 constituent. Should I take today’s fall in the share price as a warning to steer clear, or an opportunity to finally climb on board?
Massive loss
Let’s get those grim numbers out of the way. Due to ongoing restrictions, passenger capacity over the first six months of 2021 was just under 22% of that seen over the same period in 2019. Accordingly, revenue from travellers tumbled 72.3% to just €1.14bn. This left total revenue at €2.21bn (down 58.2%).
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