Aer Lingus owner IAG bucks tough year for airline stocks

IAG had a standout year, due mainly to a boom in its core transatlantic market

Aer Lingus will use extra-long-range Airbus narrow-body jets to open new transatlantic routes.

It’s been a tough year for investors in European aviation, with Boeing’s production woes, engine problems grounding aircraft and the still-sluggish corporate travel market weighing on the sector.

Carriers including Air France-KLM, Deutsche Lufthansa and Wizz Air Holdings have failed to replicate the post-pandemic gains of 2023 — but one airline group has bucked the trend.