LONDON/FRANKFURT/PARIS (dpa-AFX) – Investors are taking profits on Friday from the recently good shares of established network airlines. The direction was set by the IAG shares (International Consolidated Airlines), which initially started the day solidly according to the figures. Most recently the minus was almost seven percent. Stock marketers attributed this to profit-taking after the Anglo-Spanish holding’s share price reached its highest level since 2018.
The market said that numbers and IAG’s outlook were no longer sufficient to further support the shares. Analyst Jarrod Castle from UBS had also questioned this morning whether “solid results” would still be enough for shareholders.
Lufthansa’s shares were also affected by IAG, recording a four percent setback in the race for a return to the leading index (DAX). AIR France-KLM stocks lost almost six percent in Paris.
All three had recently performed better than the securities of low-cost airlines, among which easyJet is currently close to its November low. On Friday, London fell by 3.3 percent. Ryanair’s title lost 1.5 percent in Dublin./tih/jsl/he
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