IAG - LSE -
Added 2024-06-11 12:58:32 +0000 UTCThis is not insider knowledge because it is all over the media in Ireland but my company, who is under the umbrella of IAG, is about to be informed of Industrial Action by its Pilots from tomorrow.
The pilots are overwhelming voting for strike, which will take place over a number of days throughout the summer, its busiest period.
I suspect the market will not appreciate this news
So although the share price is holding well above the wedge here, a drop down to the 200 Day MA at 157p is possible after this news comes out. It may present a good opportunity.
