Stock Movers IAG Disrupted, Porsche Down, Sabadell Saga
Sep 22, 2025
European airline stocks are buzzing as a cyberattack disrupts major airports, forcing manual check-ins. Meanwhile, Porsche is recalibrating its electric vehicle strategy, impacting profits and parent company Volkswagen. On the financial front, BBVA boosts its takeover offer for Banco Sabadell, aiming to sway investors. Tune in for insights on these market movers!
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Air Travel Fragility Exposed
- A cyberattack on Collins Aerospace's check-in software forced airports to process passengers manually and caused widespread delays and cancellations.
- The incident shows how single-vendor tech vulnerabilities can cascade across European air travel for days.
Ransomware Surge In Aviation
- Ransomware attacks in aviation rose dramatically, with one report showing a 600% year-on-year increase.
- That trend suggests cyber threats in aerospace are rapidly intensifying and need stronger defenses.
Porsche Reverses EV Strategy
- Porsche shelved plans for a battery-powered luxury SUV and pivoted back toward combustion and hybrid models due to weak EV demand.
- The pivot triggers a €1.8 billion operating profit hit and forces Porsche and Volkswagen to cut their 2025 outlook sharply.