Plenty of challenges for British Airways owner IAG…but if you own the shares, I would not dump them here
By Chris Bailey of Financial Orbit | Friday 6 May 2022
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Over the last five years, £50 has been a regular share price for InterContinental Hotels Group plc (IHG). Given the current challenges, I am surprised that the owner of Crowne Plaza, Holiday Inn, and Regent Hotels & Resorts, has seen its shares recover to their pre-Covid peak. So, whilst they have “seen very positive trading conditions in the first quarter, with travel demand continuing to increase in almost all of our [their] key markets around the world”, they must also hope for “a return of business and group travel".
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