British Airways Owner IAG Assessing Plane Orders on Slow Economy

  • Airline industry reevaluates fleets after world GDP ‘softened’
  • Company sees ‘plenty of options,’ including leasing, CEO says

(Bloomberg) -- International Consolidated Airlines Group SA rose 3.1 percent, the biggest move since July 27 compared with end-of-day price changes, and more than six times the country's benchmark index. The shares climbed to 418.60 pence from 406p. Trading volume was 2.6 times the 30-day average of 835,202 for this time of day. IAG's move compares with the 0.5 percent gain in the FTSE 100 Index and the 0.2 percent advance in the Stoxx Europe 600 Index. The stock is 21 percent below the Bloomberg consensus one-year target price. (Source: Bloomberg)

IAG SA, the owner of British Airways and Spanish carrier Iberia, is considering reining in fleet plans as worldwide economic growth slows and the company grapples with the effects of Britain’s referendum to exit the European Union.

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