Sumary of The IAG share price dives 24% in 4 months. What next?:
- Wednesday was a good day for International Consolidated Airlines Group (LSE: IAG).
- The IAG share price closed up 8.64p (+5.4%) at 169.1p, on a strong day for the wider FTSE 100 index.
- However, shares in the owner of British Airways have performed poorly since peaking in mid-March.
- The IAG share prices plunges, then soars 2020 was a horrible year for airline shareholders.
- It climbed even higher, peaking at an intra-day high of 684p on 17 January 2020. But then Covid-19 swept the world and air travel ground to a halt.
- With passenger air miles collapsing by four-fifths, IAG stock went into freefall.
- By 14 May 2020, the shares had crashed to a low of 159.25p, down more than £5 in four brutal months.
- On 25 September 2020, the shares bottomed out at 86.54p — an unthinkable level just eight months earlier.