Higher costs flagged by easyjet hit IAG shares

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  Posted by Two Blokes Jul 17 - Filed in Stock - 4 views
  
  Shares in airline companies, including British Airways owner IAG, were dragged down after easyJet PLC (LSE:EZJ) warned that costs were unlikely to fall as much as hoped this year due to higher fuel prices and French air traffic strikes. The budget airline's management anticipated a £10 million adverse impact from recent higher fuel costs and £15 million from French ATC industrial action.