European airline shares fall after IAG cuts 2026 guidance
Updated
Updated · The Wall Street Journal · May 8
European airline shares fall after IAG cuts 2026 guidance
10 articles · Updated · The Wall Street Journal · May 8
Air France-KLM fell 2.4%, while Ryanair and IAG dropped 2.3% and Lufthansa lost 1.8% in early trading.
IAG said the war in Iran and higher jet-fuel prices would reduce full-year profit and free cash flow below its February outlook, but gave no new estimates.
Earlier, IAG had flagged fuel costs of about €9 billion and free cash flow below the €3 billion previously guided, underscoring wider pressure on European carriers.
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