dreamstime_m_54316800
© Alpiee

London-based International Airlines Group (IAG) stated on 24 June that the vote to leave the European Union would “not have a long-term material impact” on its business.

Its swift reaction to Brexit was rather surprising, if not a little shocking, given that most economists have predicted an extended period of pain and financial analysts promptly slashed their price targets due to a greater degree of uncertainty for any UK-based businesses.

Several downgrades from the sell-side were inevitable because IAG also added, in the aftermath ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £13.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.