International Consolidat... Share Discussion Threads

[farrugia] 29/1/2020 20:59

can someone tell me what companies make up the Ftse 350 travel and leisure sector?

[m1k3y1] 29/1/2020 18:44

Indeed but that will impact all carriers, everywhere.
I note that Virgin are still flying to mainland China, which might be viewed as irresponsible.

[milliecusto] 29/1/2020 18:36

How about the flights that connect onto China, no need for people to book, still has a impact

[m1k3y1] 29/1/2020 16:42

Cancelling mainland flights to China not really a major problem for a company the size of IAG.

[montyhedge] 29/1/2020 16:21

Amazed IAG held up today.

[m1k3y1] 29/1/2020 15:24

toon.....Boeing in deep doo doo over the max problem.
I doubt it is over yet.

[toon1966] 29/1/2020 15:19

I see Boeing slumped to their first loss in 20 years, the 737 Max problems will now cost the company nearly $19 Billion -

[fernandesb] 29/1/2020 12:46

we all know how wrong brokers can get it.

[elpirata] 29/1/2020 11:20

29/1 Berenberg buy (usual hysteria overdone)

22/1 Credit Suisse overweight tp £7.92

22/1 Barclays outperform tp £7.77

will share price have a go at £6 today

[montyhedge] 29/1/2020 08:00

BA halts flights to mainland China.

[milliecusto] 29/1/2020 08:00

All flights to China cancelled by Ba till March

[milliecusto] 28/1/2020 21:26

Now more cases in Germany

[nw99] 28/1/2020 20:19

Foreign Office warns against 'all but essential travel' to China

[elpirata] 28/1/2020 18:08

UBS yesterday>

As for coronavirus, though, not all of the European carriers may suffer equally, a team of UBS analysts led by Jarrod Castle wrote in a note.

Air France KLM (ticker: AF) and Deutsche Lufthansa (LHA) fell hard on the Stoxx Europe 600, down 6% and 4%, respectively by the afternoon. Of all European airlines UBS covered, those two companies have the highest exposure to China (based on a percentage of 2019 capacity)—around 7% in both cases, Castle wrote.

Air France KLM has the biggest exposure to the Asia region at 21% of capacity. International Airlines Group (IAG), which operates British Airways, Iberia, and other air carriers, has the lowest of the European airlines that service Asia at 8%, said Castle.

“This is likely part of the reason why IAG’s share price has been relatively unaffected by China related events, but Air France-KLM and Lufthansa have seen greater share price falls year-to-date,” the analyst said.

Low-cost carriers such as Ryanair (RYAAY) and easyJet (EZJ) have no direct exposure to Asia, UBS said. Still, these companies are falling along with the rest of the sector on Monday.

Castle is sticking to Buy ratings for Lufthansa, IAG and Ryanair, due in part to “attractive valuations.” Sell-rated easyJet remains one of the best of breeds low-cost operators, but valuation is stretched, he said.

[nw99] 28/1/2020 17:34

analyst Ken Herbert at Canaccord Genuity said that while the current coronavirus outbreak is still in the very early stages, the risk to worldwide air travel and the aerospace sector is "substantial," as the eventual impact could be worse than previous pandemics this millennium based on the inital outbreak

[nw99] 28/1/2020 17:33

Asian Cathay , Japan Jal , ANA ,USA airlines

[farrugia] 28/1/2020 17:02

what other listed airlines have a lot of exposure to china? my thoughts is that if this really spreads to Europe much of the airline traffic could be stopped to limit the pandemic.

[montyhedge] 28/1/2020 11:37

I hope his not a plonker, Rodders.

[wilc42] 28/1/2020 10:57

Brave. But you've got to step back in as some point. I'm personally thinking 565. Best of luck. He who dares wins, rodders

[montyhedge] 28/1/2020 10:46

8% exposure to the Far East. Remember SARS airlines got slaughtered, now IAG more flights to far east than 2003.If it spreads brown stuff to hit the fan.Easyjet and Ryanair it does not really effect.

[elpirata] 28/1/2020 10:45

thats todays headline - flu in Hull!

[cafc69] 28/1/2020 10:42

The flu kills more people in the uk every year.

[elpirata] 28/1/2020 10:39

iag has minimal exposure to china in terms of turnover & coronavirus is downgraded on the front page news headlines today, share price panic over imo.

ps on the subject of travel, todays saga trading statement is worth a look, pbt £105>£120m & 8%+ final divi tbc in may.