International Consolidated Airlines Group SA slides as oil shock and BA flight disruption threaten recovery
International Consolidated Airlines Group, which owns British Airways, was hit again Monday as oil prices spiked and ongoing Middle East flight disruptions knocked airline stocks. Shares in Air France-KLM, IAG, Lufthansa and Wizz Air dropped anywhere from 2.5% to 6% in the morning session. Brent crude—widely watched as the global benchmark—rallied to its strongest level since 2022 before paring gains.