The price of the IAG stock has dropped by about 1% over the last five days after it immerged that the IAG International Airlines Group’s ownership of British Airways is at risk of a challenge from Germany and France under legacy European Union rules.
The drop comes amid a sharp rise in the stock’s price since the beginning of February.
To help stock investors interested in investing in IAG stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is IAG stock?
IAG stock is the stock of International Consolidated Airlines Group and it trades in the UK on the London Stock Exchange under the ticker LON: IAG.
In a nutshell, the International Consolidated Airlines Group, which is mostly referred to by its short-form IAG, is an Anglo-Spanish multinational airline holding company. Although its global headquarters are in London, England, it also has registered offices in Madrid Spain.
IAG is the current majority shareholder of British Airways and owner of Iberia, Aer Lingus, Vueling, and LEVEL Airlines. However, it could be forced to relinquish the ownership of British Airways following Brexit since the EU ownership rules require that “airlines operating flights between EU countries to be owned and controlled by member states”.
Although the EU ownership regulation is currently suspended, there have been ongoing talks between the UK and the European countries concerning the law.
Should I buy IAG stock today?
If you want to invest in the shares of an international flights company, then the IAG stock could be a good choice.
Nonetheless, the threat of relinquishing its ownership of British Airways could have a great impact on the IAG Company resulting in a drastic fall in the price of its shares. There is also the current confrontation between Ukraine and Russia, which if ends up blowing up into a full-blown war could impact the operations of the company.
IAG stock price prediction
Analysts are currently skeptical of the company’s stock especially following the impending challenge to its ownership of British Airways and the potential of a war breaking out between Russia and Ukraine.
$IAG social media coverage
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