Shares in the newly-merged International Consolidated Airlines Group (ICAG) tanked 8.6 to 251p yesterday after its peer airline group Air France-KLM issued a profit warning for its full year earnings. Air France-KLM said following air traffic control strikes and snow disruption, its full-year earnings would come in below the €300 million forecast.
INVESTORS PANIC OVER HEALTH OF ICAG AS AIR FRANCE ISSUES PROFIT WARNING
Shares in the newly-merged International Consolidated Airlines Group (ICAG) tanked 8.6 to 251p yesterday after its peer airline group Air France-KLM issued a profit warning for its full year earnings. Air France-KLM said following air traffic control strikes and snow disruption, its full-year earnings would come in below the €300 million forecast.