Daily Mail

Sell-off of BA’s Spanish shares after IT fiasco

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SHARES in the Spanish arm of British Airways sank almost 3pc yesterday following its IT failure.

Internatio­nal Consolidat­ed Airlines Group, which owns British Airways and has a joint stock market listing in Madrid and London, dropped by 2.6pc to €6.83 in Spain.

The devastatin­g computer failure, which affected 75,000 travellers using Gatwick and Heathrow, means that the pressure will now be on shares in London when the stock market reopens this morning following the long bank holiday weekend.

They will be put under further strain if full-year results from Ryanair, which reports today, also prove strong.

British Airways, under boss Alex Cruz, has been accused of trying to mimic the Ryanair model by cutting back on perks such as free sandwiches and drinks on short-haul flights.

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