International Consolidated Airlines Stock News

European airlines remain a consensus short among investors, although positioning has improved slightly over the past week as interest in industry consolidation grows, Citi's Conor Dwyer has noted. International Airlines Group (IAG), the airline group behind British Airways and Iberia, remains the sector's only consensus long, but investor positioning towards the company has become more bearish ...

British Airways is updating its Airbus A380s with plush first-class suites. This week, it unveiled new designs, including what it says is the world's largest business-class cabin.

IAG's share price fell 2.6% on Thursday as crude oil prices resumed their rally, raising concerns about higher jet fuel costs. The stock dropped to 420p, its lowest level since September 18 and about 15% below its highest point this year.

British Airways is building what it says is the world's largest business class on its Airbus A380 jets, the world's largest passenger plane. A high-end travel boom has airlines from budget carriers to large, international icons introducing new first class cabins and other pricier seat options.

Panmure Liberum has advised investors to seek buying opportunities in quality airlines with financial strength, sound strategies and superior profit margins. It named International Consolidated Airlines Group SA (LSE:IAG) as its top pick, followed by Ryanair Holdings PLC (LSE:RYA) and Jet2 PLC (AIM:JET2).

Investors have grown more positive on European airlines over the past week, according to Citi, though overall positioning across the sector remains net negative. Long crowding, a measure of how heavily investors are clustered on the same bullish trade, increased across every stock the bank covers.

JP Morgan has removed International Consolidated Airlines Group SA (LSE:IAG) from its analyst 'focus list' after a run of outperformance, while cutting earnings forecasts for the British Airways owner on higher fuel costs and reduced capacity. Analyst Harry Gowers lowered his operating profit estimates by 6%, 5% and 4% across the forecast period following second-quarter results, and now expects...