European airlines slump on Brexit vote; IAG issues profit warning
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IAG said that it would no longer meet its profit targets this year after Britain's vote to leave the EU raised concerns over travel demand and flying rights.
Airlines with a strong focus on the UK market plunged last Friday with IAG, easyJet, Wizz Air and Ryanair all down by 18-22 per cent. British bank HSBC downgraded all European carriers to "reduce".
