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British Airways Owner Falls Most in a Year on Summer Doubts

  • IAG leads industry lower amid U.K. comments; EasyJet, TUI drop
  • U.S. carriers also down as new lockdowns hit hopes for rebound
Aircraft operated by British Airways on the runway at London Heathrow Airport.

Aircraft operated by British Airways on the runway at London Heathrow Airport.

Photographer: Chris Ratcliffe/Bloomberg
Updated on

British Airways parent IAG SA led a decline in European aviation stocks amid concern that a third wave of Covid-19 and emerging doubts surrounding U.K. plans to restore travel could stymie prospects for rebounding bookings.

IAG fell as much as 16%, the most since March 16, 2020, when lockdowns went into effect across the world. EasyJet Plc slid 10%, Ryanair Holdings Plc 7.4% and tour operator TUI AG 8.9%. U.S. carriers with trans-Atlantic exposure were also priced lower in morning trading in New York.