International Consolidat... Share Discussion Threads

[montyhedge] 25/10/2019 08:29

Figures next Thursday should be decent, but don't expect to much, after taking into account pilot strike and data fine provision.
Another bumper dividend expected.

[m1k3y1] 24/10/2019 17:07

Gov to table a motion for a GE to be held on 12th December.

[clocktower] 24/10/2019 15:00

I agree with you about the shipping industry, they burn light fuels when near harbours and land but heavy oils that belch out thick black soot when on the high seas but because so few see them you have very few people highlighting this situation.

However, to return to the subject of IAG, new aircraft means heavy investment, people that need to fly will do so agreed but will they manage to reduce the amount of times they want to spend in the air now that they have less requirements to do so?

It was the macho thing to be seen to be living the life flying business/first class to a meeting but now click and you speak to who you want to where you want, while your enjoying the better life rather than stuck up at 40,000 ft for 8/10 hours.

[clocktower] 24/10/2019 15:00

double post error

[m1k3y1] 24/10/2019 14:16

clocktower.....I disagree.
To say that business does not benefit from competitors collapsing is incorrect.
In addition, it may be the case that with fewer options available, businesses raise prices (although this is not always the case).

What is entirely incorrect though, is that people who need to fly , will choose not to because of sustainability.

New aircraft are substantially more fuel efficient that older ones and airlines with newer fleets will benefit. IF sustainability proves a 'game changer' for the airline business, the large aircraft and engine manufacturers, such as Boeing, Airbus. Rolls Royce etc will adapt to become more efficient and less polluting.

I see more impact on the shipping industry who are far more polluting and a long way behind the curve regarding tackling the sustainability problem.

[clocktower] 24/10/2019 13:57

With reduction in competition, prices tend to rise, reducing demand. It is very much like the High Street - when shops close, others on the same street do not find their business improving, in general they find that customers stop spending in their vicinity. Customers are being forced to consider sustainability, and being made to feel guilty about flying due to environmental damage.

There are a host of other reasons that the season of roses is closing in on IAG and others imo.

[m1k3y1] 24/10/2019 13:50

Thank you LaForge

[la forge] 24/10/2019 13:28

m1k3y1
24 Oct '19 - 13:15 - 11715 of 11715
0 0 0
LaForge.....Unfortunately your assumption doesn't bear out.
IAG have more people flying and with more airlines collapsing , the options will be less.
In addition, you can't cross the Atlantic by car or train, as yet. Until this option is available, people will have to fly.

puzzled

not me implying that the future was less rosey, it was clocktower

[m1k3y1] 24/10/2019 13:15

LaForge.....Unfortunately your assumption doesn't bear out.
IAG have more people flying and with more airlines collapsing , the options will be less.
In addition, you can't cross the Atlantic by car or train, as yet. Until this option is available, people will have to fly.

[la forge] 24/10/2019 12:17

clocktower
24 Oct '19 - 11:45 - 11712 of 11713
0 0 0
No matter what the figures will disclose, one needs to look to the future, and that future looks less rosy every day imo. We might see another spike but once that`s out the way the trend will become established.

The winds of change are already visible.


what tells you this

fewer travellers perhaps

less flying more using cars and trains

[la forge] 24/10/2019 11:45

SORRY SPONGES best to keep it simple

THESE PENSIONS COSTS THESE DAYS ARE JUST EMPLOYEES COSTS LIKE ANY OTHER COST

NO FUTURE COST LIABILITY FOR BA OR IAG WHHICH THEN PASSES TO LEGAL AND GENERAL





sponges
24 Oct '19 - 11:39 - 11711 of 11713
0 0 0
Re pension liabilities figure - this liability figure can be more or less on a daily basis depending on pound/dollar exchange rate / investment returns on pension investments etc is my understanding and so a liability figure is only a snapshot in time is my understanding and although always can look scary it would never in reality be a case that a pension would have to find that deficit amount unless it was being wound up to be paid out in one go ?

[clocktower] 24/10/2019 11:45

No matter what the figures will disclose, one needs to look to the future, and that future looks less rosy every day imo. We might see another spike but once that`s out the way the trend will become established.

The winds of change are already visible.

[sponges] 24/10/2019 11:39

Re pension liabilities figure - this liability figure can be more or less on a daily basis depending on pound/dollar exchange rate / investment returns on pension investments etc is my understanding and so a liability figure is only a snapshot in time is my understanding and although always can look scary it would never in reality be a case that a pension would have to find that deficit amount unless it was being wound up to be paid out in one go ?

[sarkasm] 24/10/2019 11:04

Neilrich

yes best to await next week

EDIT

THESE DAYS IT SHOULD BE AN ANNUAL PENSION COST WITHOUT FUTURE CONSEQUENCES FOR IAG

legal and general has taken on that risk and thus bears consequences for BA

[neilrich] 24/10/2019 11:00

Not sure about pension liability for the group, however for BA, the airline’s largest defined-benefit scheme, New Airways Pension Scheme, had liabilities of £19.8bn and a deficit of £3.7bn, that was in 2017. At the same time the BA offloaded £4.4bn in pension liabilities to L&G.

I'd be interested to hear an update, perhaps some news next week.

[sarkasm] 24/10/2019 10:59

waldron
23 Oct '19 - 17:25 - 11703 of 11709
0 2 0


British Airways discharges £4.4bn in pension liabilities
This article is more than 1 year old

Legal & General takes over responsibilities for 22,000 pensioners as airline tries to protect itself from higher costs in future

ÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄ

Better ask
Legal & General

not BA

ÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄ
darius12
23 Oct '19 - 17:06 - 11702 of 11702
0 0 0
so how much is its TOTAL pension deficit currently?





BEST TO AWAIT CONFIRMATION AT MONTHS END BUT I BELIEVE THEY SOLD THE LIABILITY ON TO LEGAL AND GENERAL


darius12
24 Oct '19 - 10:48 - 11707 of 11708
0 0 0
can someone please help me clarify how much IAG has in pension liabilities? This is key to determining whether IAG is trading at cheap levels or not!

[darius12] 24/10/2019 10:48

can someone please help me clarify how much IAG has in pension liabilities? This is key to determining whether IAG is trading at cheap levels or not!

[montyhedge] 24/10/2019 09:35

Should be up to 575p if decent figures next week. Another bumper dividend I expect.

[montyhedge] 24/10/2019 08:14

Norwegian up 20% on ok figures, be nice if IAG had ok figures next Thursday, lol.

[montyhedge] 24/10/2019 08:04

Norwegian voted the worst airline, managed earnings beat this morning. Bodes wells for IAG next Thursdays figures boys.

[waldron] 23/10/2019 17:25

British Airways discharges £4.4bn in pension liabilities
This article is more than 1 year old

Legal & General takes over responsibilities for 22,000 pensioners as airline tries to protect itself from higher costs in future

ÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄ

Better ask
Legal & General

not BA

ÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄÄ
darius12
23 Oct '19 - 17:06 - 11702 of 11702
0 0 0
so how much is its TOTAL pension deficit currently?

[darius12] 23/10/2019 17:06

so how much is its TOTAL pension deficit currently?

[chiefbrody] 23/10/2019 16:31

Election before Xmas seems unlikely. Just said on the radio they can't take over the schools for polling purposes as it's full on nativity season soon. Lol!January? Hmmm. Wouldn't surprise me if the opposition resisted until April!

[m1k3y1] 23/10/2019 15:25

Labour should have replaced Corbyn, Abbott etc years ago.