Ryanair and IAG lead fresh fall in European airline shares

Ryanair shares are down more than 7% over the past 12 months, with IAG down by over 66%

Ryanair shares have taken a hit from Covid wiping out air travel.

Aer Lingus owner IAG and Ryanair led a fresh slump in airline stocks, with share prices falling further on increased Covid infection rates and fears that new variants of the virus will further restrict travel throughout the EU.

IAG – which also owns British Airways and Spain’s Iberia, Vueling and Air Europa – sank by as much as 8%; while Ryanair bottomed out at nearly 6%. There were also heavy share price falls for Lufthansa and EasyJet, which tumbled by around 8%.