Rats jumping ship21 Mar 2026 16:21
Top executives at International Consolidated Airlines Group (IAG), including Vueling CEO Carolina Martinoli and Iberia CEO Marco Sansavini, sold £2.8 million in shares just before a major share price drop induced by "Operation Epic Fury" in the Middle East. The shares were sold in late February 2026 at prices between 432.9p and 433.6p, avoiding the subsequently triggered market sell-off.
Key details of the IAG insider selling:
Insiders Involved: Carolina Martinoli (Chair/CEO of Vueling) and Marco Sansavini (Chair/CEO of Iberia).
Timing: The sales occurred on February 27, 2026, a day before the onset of the conflict, as noted by the Financial Times and Investors Chronicle.
Transaction Volume: Martinoli sold 293,889 shares, while Sansavini sold 350,000 shares.
The shares were sold just as airlines faced pressure from rising oil prices and geopolitical risks