Stock of the Week: IAG

British Airways owner has been hammered by coronavirus restrictions, but a fully subscribed rights issue is a vote of confidence and brings much-needed capital

James Gard 5 November, 2020 | 11:08AM

Post-It Note

We gave our Twitter followers a choice of listed travel firms for stock of the week and British Airways-owner International Airlines Group (IAG) came out on top.

A second lockdown is the worst-case scenario for the travel industry, which had barely had a chance to recover from the first one. Airlines didn’t get a full summer of flying in any case: popular short-haul destination Spain was put on the UK quarantine list in July during the peak of holiday season and many travellers have opted to stay at home this year for obvious reasons.

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About Author

James Gard  is content editor for Morningstar.co.uk

 

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