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[montyhedge] 17/3/2020 11:55

Do you honestly think one years earnings have not been wiped out.

[m1k3y1] 17/3/2020 11:53

Monty ....give it a rest
At this stage, you haven't got a clue about earnings or forecasts so no point in speculating.

[montyhedge] 17/3/2020 11:48

At 195p market cap 4 billion pounds, seems probably about right seeing earnings wiped out for two years it seems to me.

[hamhamham1] 17/3/2020 11:18

Especially as it's Irish :)

[dround87] 17/3/2020 11:07

Maybe they'll nationalise Ryanair. Would be fitting for this government. Cheap and cheerful.

[paa65] 17/3/2020 10:32

Btw. Latest 'Alliance News'.TOP NEWS: Airlines Warn Of Significant Disruptions Amid Travel BansWho would have thought it?Those analysts deserve massive salaries given the brilliant insight they give to us PIs

[sr2day] 17/3/2020 10:30

it gets worse day by day,once 200 pence broken we are looking at 145 pence.i reckon the Dow will break 20K this week.

[paa65] 17/3/2020 10:20

I think the package needs to be something like thisa) BoE prints another 100 billion GBP and loans it to banks at 0% for 2 years with instruction that they lend it out at below 2% to their existing business customers who need it, up to the value of 3 months unavoidable outgoings (salaries, rents, utilities etc).Government to cover up to 80% of any defaulted losses.b) Government to allow deferral of business rates, national insurance, corporation tax immediately for one month whilst where individual businesses then make their case for a longer deferral/payment period.Government borrowing covered by further money priniting loaned to government.c) If lockdowns around Europe do not convincingly show greatly reduced infections and death rates in 3 more weeks, lockdown should end and let nature take its course. If the medicine isn't working, the treatment is worse than the disease.

[hamhamham1] 17/3/2020 10:15

The mini tick up (about 5/10 mins ago) in the FTSE makes me think the chancellor is maybe going to announce soon, trouble is, will it just pump the market up briefly only for it to drop again, as per usual?

[montyhedge] 17/3/2020 09:31

Tax exile Branson on his Necker Island, now wants UK taxpayers to bail him out, lol

[careful] 17/3/2020 09:28

Government may provide zero interest cash to be paid back in full when things recover.
I expect a huge package of such measures shortly.

There are problems with this.
Maybe our favourite parasite Branson will get the cash and pay himself a bonus.
And what about companies that are highly in debt to start with.

Complicated, but they will try to do something otherwise unemployment will rise dramatically, bad debts, property crashes, banks in trouble.

moral hazard as in 2008.

[volsung] 17/3/2020 09:15

That wouldn’t work monty

[montyhedge] 17/3/2020 09:14

Will dividend be suspended if gov give airlines help. Can't see gov giving help, but then shareholders get a dividend.

[careful] 17/3/2020 08:56

The same with growth predictions.
As if we are not massively in recession now.

The way they measure these things, the same as inflation which will be negative right now.

The just remove the monthly measure from 12 months ago and replace it with the latest months number.
It takes several months for the effects to be felt.

[hamhamham1] 17/3/2020 08:29

Personally, I do not see how anyone knows the true state of any company until they have released at least their 2 next quarterly updates. Until then you won't really know what's still to come out the system. Not just here, every company.

[snoopy12] 17/3/2020 08:22

IAG while planes are not flying will be conserving cash outlay, and better positioned then a lot of airlines around the world.
One thing I am sure once the ban gets lifted then you are going to see a scenario of demand exceeding supply in the cheapest classes.

[teamwork1] 17/3/2020 07:54

I'm not in iag, but are u people ok, this is British airways one of the biggest airlines in the world.

[hamhamham1] 17/3/2020 07:26

I assume companies like L3? will be very busy offering flight simulation to pilots over the coming months. There are rules I believe if you have large gaps between flights?

[hamhamham1] 17/3/2020 07:13

I guess it's not really just the airlines, I would have thought there must be 5 to 10 times (maybe much more?) the number of jobs involved in the ancillary services surrounding the airlines.
Airport staff, servicing, onboard food, etc

[nw99] 17/3/2020 06:25

Willie Walsh defers retirement to hunker down with IAG survival of the fittest company he says

[sr2day] 17/3/2020 02:02

IAG cannot be nationalised as it is not British owned.the Spanish owners would love it if the British govt provided some sort of stimulus but this will not happen.

[roberto mancini] 17/3/2020 00:02

Airline sp's will be allowed to tank, nationalised before the UK/SPAIN Gov pump cash in, take a stake. That way no compensation will have to be paid to shareholders.

1p cometh in the next few weeks.

[leadersoffice] 16/3/2020 23:45

Short are we?