It’s been a horrible year for the FTSE 100, down 22.5% in 2020. But some shares have fared much worse, such as International Consolidated Airlines Group (LSE: IAG). Indeed, the IAG share price is among the worst performers in the UK market.
The IAG share price is a roller-coaster
IAG is a world-leading airline operator and the owner of British Airways, Spanish airline Iberia and Irish carrier Aer Lingus. At the start of 2020, the IAG share price was riding high, peaking at 270.31p on 17 January.
Then news of a dangerous virus spreading sent airline shares sliding. During March’s market meltdown, IAG shares plunged to 78.55p on 19 March, down 70.9% from their 2020 high.
As the UK locked down to reduce the spread of Covid-19, IAG shares surged though. They climbed as high as 133.58p on 8 June (up 70% from their March low), before … Read more