London, Feb 3, 2026, 08:54 GMT — Regular session
- IAG slipped roughly 0.4% in early trading, pulling back slightly after Monday’s solid gains
- Crude prices fall for the second day, easing fuel-cost pressure on airlines
- Investors are positioning themselves ahead of IAG’s FY-2025 results, set to be released later this month
Shares of International Consolidated Airlines Group, British Airways’ parent company, slipped on Tuesday, giving back part of Monday’s gains amid a fresh drop in oil prices. In London, the stock dipped 0.44% to 431.25 pence, while on the Madrid exchange it held steady at 5.00 euros. (IAIR Group)
Oil dipped for a second day, with Brent slipping 0.5% to $65.96 a barrel as traders digested hints of easing U.S.-Iran tensions and a stronger dollar. Kelvin Wong at OANDA noted the recent four-week rollercoaster in oil prices stems from the geopolitical risk premium. Meanwhile, Priyanka Sachdeva at Phillip Nova expects prices to stay “choppy and range-bound” through February. (Reuters)
IAG slipped after gaining 3.59% the previous day to close at 433.2 pence, outperforming the broader London market. On Monday, the stock traded 12.0 million shares, just below its 50-day average volume, and ended 1.23% shy of its 52-week high, according to MarketWatch data. (MarketWatch)
All eyes now turn to the upcoming data. IAG plans to release its FY-2025 results on Feb. 27, per its financial calendar. (IAIR Group)
The broader market held firm. European stocks climbed to fresh records on Tuesday, the STOXX 600 rising 0.8% by 0816 GMT. After last week’s commodity swings, investors shifted their attention back to earnings. (Reuters)
Airline shares reacted sharply to crude oil’s moves. The Irish Times reported that airlines “gained altitude” Monday as oil prices fell, with IAG climbing 3.32% by late afternoon and easyJet also pushing higher. (The Irish Times)
Lower fuel prices aren’t the whole picture. Willie Walsh, CEO of the International Air Transport Association, flagged shortages of new planes and Sustainable Aviation Fuel (SAF)—a greener alternative to traditional jet fuel—as drivers of rising costs. “I’m still optimistic, cautiously optimistic, that we can achieve net zero in 2050 but it’s definitely becoming more challenging,” he told Reuters. (Reuters)
For IAG, the real test comes with spring and summer bookings—whether demand and pricing hold up. The group also faces the challenge of managing uncontrollable costs like fuel, airport fees, and disruptions.
Oil continues to dictate daily moves. A bounce in crude prices or new geopolitical news from the Middle East could swiftly shift the mood that boosted airline stocks earlier this week.
IAG’s FY-2025 results, set for Feb. 27, stand as the next major trigger for the stock. Investors will be watching closely for new guidance and any hints on shareholder returns.
