European airlines see shares flying low as Heathrow chaos continues [Yahoo! Finance]
INTL CONSL AIRLNS S/ADR (ICAGY)
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Source: Yahoo! Finance
Hundreds of thousands of passengers had their flights cancelled after a fire knocked out power at an electrical station, also destroying Heathrow's back-up power supply. The blaze, located about 3km from the airport, was brought under control about seven hours after it erupted. “We expect significant disruption over the coming days, and passengers should not travel to the airport under any circumstances until the airport reopens," Heathrow said in a statement. Heathrow is one of the world's busiest airports, hosting 200,000 passengers a day on average. Flight tracking service FlightRadar 24 said that at least 1,350 flights to and from the airport were affected. One of the biggest airlines affected is British Airways, which confirmed in a statement that the fire is having a “significant” impact on operations. Its owner, International Consolidated Airlines Group S.A. (IAG), saw its shares drop 3% in the morning and 1.5% early afternoon in London. Commenting on IAG's share price
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