RE: Why the drop!!!27 Aug 2025 16:47
Something I came across in the financials ;
3.45pm: Airlines drag
It looks like the FTSE 100 is going to extend its losses today, down 0.3%. Airlines easyJet PLC (LSE:EZJ) and British Airways owner IAG (LSE:IAG) are the biggest fallers, down 4.6% and 2.4%, separated by NatWest at a 2.9% deficit.
This is despite strikes at Gatwick Airport being called off by baggage screeners. Air traffic control strikes in Greece have also been cancelled after a court ruled them illegal.
Other travel stocks are in the green, including IHG and Whitbread, so this points to an airline issue.
US carriers such as Delta and Southwest are little moved, while outside the Footsie, Wizz Air is down 2%, Ryanair is down 4.4%, with Lufthansa falling 2.3%. No news I can see yet to explain why the sector's shares are down.
Earlier, there was news that Ryanair is set to receive 25 new Boeing aircraft by October, enhancing capacity and reducing airfares.
UBS also said it expects circa 6% traffic growth and continued net profit growth this year, with airline valuations pointing to potential upside in aggregate.