IAG and Ryanair lead airline share surge on positive Omicron outlook

Airline stocks – including Aer Lingus owner IAG and Ryanair – surged as positive Covid data from the WHO helped lift global stock markets.

Aer Lingus owner IAG and Ryanair led a surge in airline shares as encouraging Omicron data from the World Health Organization (WHO) lifted global stocks.

Shares surged after the WHO said it was seeing increased evidence the Omicron variant was causing milder symptoms than previous Covid-19 variants and may be less severe, due to it seemingly infecting the upper part of the body rather than the lungs.