Cyber Disruption Weighing on European Airlines (IAG)
-11.73%current return
"Lufthansa IAG, which owns British Airways and EasyJet, were all weaker at the open this morning on the back of that cyber attack that you mentioned, which caused delays at airports in Berlin, London, and Brussels."
— Bloomberg Reporter Chloe Melle
A significant cyber attack on Collins Aerospace software has disrupted operations across major European airports, hitting airlines such as IAG. The incident has forced manual processing at airports and led to flight cancellations, indicating short-term operational stress and potential further disruptions as the issue persists.
Company CommentaryBearish Medium ConvictionScore: 7.8
Sector Trend •Stock Movers • about 1 month ago