International Consolidat... Share Discussion Threads

[nw99] 14/3/2020 07:23

Yes great approach they are the strongest will emerge as a winner

[spacedust] 14/3/2020 06:44

British Airways is to ground flights 'like never before' and lay off staff in response to the coronavirus.

In a memo to staff titled "The Survival of British Airways", boss Alex Cruz warned that job cuts could be "short term, perhaps long term".

[stalker_boy] 14/3/2020 00:37

This is a very scary scenario

[essentialinvestor] 13/3/2020 23:14

RYA is the sector play imv, however that comes with FX risk and 1% stamp duty.
Don't hold any sector stocks atm, however it may now be worth monitoring.
Luck whatever your views.

[watfordhornet] 13/3/2020 23:03

What is impact if the orange stops U.K. flights to US.Depending upon mood tomorrow he may do that

[nw99] 13/3/2020 23:00

When it's at its darkest buy

[careful] 13/3/2020 22:42

Boss of IAG on news tonight.
Jobs will be lost, a very serious situation.

I presume they can survive for 6 six months.
What is the Armageddon cash spend in an existential emergency?

IAG should survive with some cheap HMG cash loans.

Will business and travel ever be the same again?

Often a pointless indulgence that serves no purpose.

[dround87] 13/3/2020 21:59

I'm hedged as in I haven't lost any money against a portfolio which includes iag as less than 1pc of a diversified set of holdings. I can guarantee 100 percent that unless this is the apocalypse, which it clearly isn't, I will make money even of iag goes bust. I have absolutely zero doubt. So keep telling me what to do and I'll stick to my own plan.

[montyhedge] 13/3/2020 21:48

If Trump includes BA knock 100p off shares price, I reckon. That's BA most profitable routes.

[milliecusto] 13/3/2020 21:21

Hindsight, global pandemic, not even reached peak, even the slower people would have put 2 and 2 together, could last for years, brand new virus, people investing for a return next week, no one knows how long, how bad..no one knows, totally blind investing

[dround87] 13/3/2020 21:10

Everything is easier with hindsight so I take it out of the equation. Regular investments in blue chips while I hedge my remaining cash. Smooth it out and end up riding a wave with a low average. So you do you and I'll do me.

[milliecusto] 13/3/2020 21:07

Problem with oil price, most is hedged

[jailbird] 13/3/2020 20:58

The Times article has analysed the financial status of UK airlines BA only 0.35 % chance of going bust .It is one of safest and will gain from the aviation fallout They have 8bn Euro in debts ( a lot in long term aircraft purchases) but 4 bn in cash. Don't forget oil price will help but they will need to make some quick cutbacks - Park planes, cut routes and staff.This virus will kill off the weaker airlines - Norwegian and Tui among many others will be on trouble.

[milliecusto] 13/3/2020 20:51

Have struggled with people buying any airline stock, for you to buy stock you have to believe the worst is behind us, that is clearly not true and absolutely no sign of it getting, so why are people investing, what is the pro and cons, more gamblers than investors

[jailbird] 13/3/2020 20:29

I have got to admit looking back a few weeks , I did not think it would get this bad .

If it was similar scenario to 2008 credit crisis, BA /IAG would have come out of it without any problems

But this is unprecedented, global airports shut and US could stop UK flights .. wow that is like 9/11 .

But got to remember that was just BA back then . This is a collective group of airlines. I am not sure anymore whether that makes better or not in this event .

Cash preservation is key now . Costs have to be reduced as no revenues means cash in bank is paying for costs now .

I fear now , if BA cannot survive then who can , say apart from Middle Eastern airlines ?

If US cuts out UK .. sub £3

Staff being offered voluntary redundancy or unpaid leave . Hope many take it because they don’t then it may be forced

Crew and ground staff need to reduced
IT staff , already skeleton staff as outsourced much of it . So where else can BA cut .
Smaller fleet , less routes in the short term .

It is a massive worry now

[milliecusto] 13/3/2020 20:16

Trump just stated Uk may be included in travel ban

[nw99] 13/3/2020 20:01

Wall Street flying up

[hamhamham1] 13/3/2020 17:15

Silicon chips inside her head used to overload!

[m1k3y1] 13/3/2020 17:11

Mondays always start down....

[waikenchan] 13/3/2020 17:08

Looks like this will tank on Monday once central Bank effect wears off!

[montyhedge] 13/3/2020 16:59

In talks with unions I think a case of survival now, for airlines.

[hamhamham1] 13/3/2020 16:52

Funny how all those state aid rules go out the window when the senior EU countries need it. Hmmm. Double standards or what?
How many UK businesses went by the way side because we adhered to the rules in the past ???
"Oh, but that was different" - yeah right!

[toon1966] 13/3/2020 16:49

Lufthansa to approach German government for state aid.