Iag News– Page 12 of 12

IAG share price is on a hot streak and has risen by more than 11 percent in the last month. The stock was up by 1.1% at the time of writing, having eased down from $311 in the intraday session-the highest level since March 2020. That underlines the buildup of a strong bullish momentum that will likely keep IAG on the ascending trajectory in the near-term. By reclaiming its pre-pandemic highs, International Consolidated Airlines Group is in a better position to further reduce its debt, which has weighed it down for the past four years. IAG reported that its debt was at €6.2 billion in its September 2024 quarterly earnings report. IAG share price upside is also supported by oil prices which have generally been subdued in the last year. Crude oil prices rose by about 2% in 2024, but IAG shares rose by 102% as demand remained strong. Furthermore, a tepid demand outlook in China this year could limit the commodity's upside. That could result in better margins for the company and help spur up the stock. Geopolitical tension caused by the Russia-Ukraine war ate into the conglomerate's revenues from the Asia-Pacific region following flying restrictions. However, the change of guard at the White House will have a bearing on the war and potentially open up the region for more flights. These factors compound the case for a bullish outlook of IAG share price in the near-term and in 2025. IAG Share Price The momentum on IAG share price calls for further upside above the pivot mark at GBX 306.70. Immediate resistance is likely to come at GBX 314.00, but a stronger upside momentum could break above that level and potentially test GBX 320.1 On the other hand, the downside will prevail if the stock breaks below the GBX 306.70 pivot. With the sellers in control, IAG will likely find the first support at GBX 302. 30. However, an extended downward momentum could break that support, invalidating the upside narrative and potentially testing GBX 298.60

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