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[toon1966] 18/3/2020 15:16

For Monty from the Guardian's live updates: "Britons in Spain have been urged by the Foreign Office to return before 24 March when all Spanish hotels close.
In a statement, it said:

The Spanish government have confirmed that all hotels will close in Spain from Tuesday 24 March.
We therefore advise British travellers in Spain to contact their tour operator or airline as soon as possible, to arrange their return journey home before this date."

[hamhamham1] 18/3/2020 15:11

And after the support, you still have to deal with the fact that no-one is flying.
Recession is nailed on, even Trump admitted that is likely yesterday.
I would be looking at 2008 lows in prices or any lower lows since to get a possible base for share prices.

[toon1966] 18/3/2020 15:03

Will wait with interest to see what the Gov offers the Airlines and Airports. Suspect there will be conditions, for examples end to share buybacks, suspension of dividends,
review of senior leadership remuneration packages.

[montyhedge] 18/3/2020 14:54

Not still here, hopefully rescue flight soon.

[toon1966] 18/3/2020 14:46

Being the No.1 Trader I'm sure Monty used his 'superyacht' to return to the UK...

[m1k3y1] 18/3/2020 14:42

Indeed Monty.

How did you get out of Spain ?

[arai] 18/3/2020 14:23

It will either be that or at least cause a bit of a bounce to allow a few more people out. Powder is dry, waiting ...

[montyhedge] 18/3/2020 14:12

Yes last chance saloon, it better be a good package.

[paleje] 18/3/2020 14:08

They're going to announce a package to tomorrow according to the Times.

[m1k3y1] 18/3/2020 13:24

They need to announce support for airports and airlines.
Silence isn't helping.

If they are not careful they will completely trash the whole economy by not being bold enough.

[hamhamham1] 18/3/2020 13:23

Scotland and Wales closing schools, I reckon England will by the weekend as well.
I see some of the big internet telecoms (fixed / mobile) are up, they are certainly in demand!
That was an observation only :)

[watfordhornet] 18/3/2020 13:20

Agree - stopping the markets would be disastrous

[hamhamham1] 18/3/2020 13:18

It's pointing out that closing markets isn't necessarily the answer. If closed they would heighten the likelyhood of a meltdown on reopenening.

It's suggests maybe putting speed bumps down to slow trading. And that as long as they are open they are a reminder to govs that more action is needed.

[davethehorse] 18/3/2020 13:14

Will drop below 200p before Friday imo...total carnage in BA and all airlines

[devilsprofessor] 18/3/2020 13:10

What's the gist of that article? I'm afraid I'm not subscribed to that website.Many thanks

[smithys2019] 18/3/2020 12:43

I reckon we are days away from them closing the markets.

[smithys2019] 18/3/2020 12:41

Euro. They have quoted 9.4 bill cash reserves I reckon we will see divvy cancelled, together with the Europa deal, if they can, plus reduction/cancellation in bought metal, reduction of existing fleet possibly?

[m1k3y1] 18/3/2020 12:36

logan.....AA were struggling before this problem started .
1B in a few days though is substantial.

[smithys2019] 18/3/2020 12:36

Will be a lot of cancellations that need rebating. UBS have studied IAG and they have worked on a burn rate of 1.15 billion a month. I think it will be less than that once furloughs are announced. Imho virgin didn’t go far enough.

[loganair] 18/3/2020 12:33

American Airlines took out an emergency $1bln loan on Friday, by the end of Monday they had already used it all up shows just how much money airlines a burning through at the moment.

As for Boeing, in the month of February they burnt through $9bln.

[smithys2019] 18/3/2020 12:33

There is.... rheus monkeys demonstrated immunity once recovered from the virus.

A small study of macaques finds they don’t develop a coronavirus infection the second time they are exposed, supporting the idea of using plasma from recovered patients as a treatment for COVID-19.

[m1k3y1] 18/3/2020 12:28

paa.....as yet there is no evidence to demonstrate that anyone has developed an immunity to Covid-19, or can develop an immunity, as far as I am aware.

[paa65] 18/3/2020 12:26

At the risk of sounding like a broken record ......Considering current strategies being employed to slow the spread of disease, Dr Thomas House, Reader in Mathematical Statistics, University of Manchester commented "Social distancing measures do not lead to herd immunity, so when they are lifted the epidemic may grow again. Whether we aim for it or not, herd immunity will happen at some point in the future since neither a growing epidemic nor social distancing measures can continue forever, and the aim of policy should be for this to happen with the minimum human cost possible."In my opinion, the sooner the politicians have this hard conversation with their people the better.Locking up people for months will not eridicate the virus. Nor will there be a vaccine for the whole world in that time.The least damage to the vast majority people in this world is to let us develop our own immunity, rather than fighting natural selection to save every life at all costs.This could all be over in a month if we choose the option to let it spread

[smithys2019] 18/3/2020 12:25

So, how long before we are at peak fear?