Aer Lingus owner IAG leads airline share slide on coronavirus fears 

Rising concerns over third Covid-19 wave and fears the UK plans to remove travel restrictions threaten a second lost summer of trade for carriers.

Shares in Aer Lingus owner IAG tumbled, along with all other airlines, on renewed Covid fears threatening to scupper a second summer of trade

Aer Lingus owner IAG has led a slide in European airline stocks, as rising concerns over a third Covid-19 wave and Britain potentially shelving plans to remove its travel restrictions threaten a second lost summer of trade for carriers.

Shares in IAG — which owns British Airways and Spanish carriers Iberia, Vueling, and Air Europa, as well as Aer Lingus — closed down by over 8%, having nosedived as much as 16% at one point.