British Airways owner International Consolidated Airlines Group SA (LSE:IAG) and easyJet PLC faced pressure on Monday as climbing oil prices threatened higher fuel costs ahead.
IAG shares fell by 3.5% to 304.9p, while easyJet dipped by 2.7% to 494.2p on the back of a further climb by benchmark Brent crude to top the US$80 a barrel mark.
Come Monday afternoon, Brent was up 1.7% and 5.6% for the day and week respectively at US$81.13 and trading at its highest level since August.
Analysts…
