International Consolidat... Share Discussion Threads

[qantas] 02/4/2020 19:02

Hamer (Airlines burn cash fast.)

Why do you think BA and VS want bailouts?



Please do your own research as always.

[m1k3y1] 02/4/2020 18:56

The Guardian


"Staff from BA, easyJet and Norwegian served breakfast for NHS employees at Whittington hospital in north London on Wednesday. A paediatric registrar, Priyen Shah, tweeted:"

[hamhamham1] 02/4/2020 18:47

No divi Is a good thing.

[qantas] 02/4/2020 18:43

Staff deal



Please do your own research as always

[qantas] 02/4/2020 18:39

Divi Gone.



Please do your own research as always.

[m1k3y1] 02/4/2020 18:23

Indeed, as will any pension contributions, that are diverted to subsidise salary above 2500.

[hamhamham1] 02/4/2020 18:19

Any money received from the gov, ie up to the 2500 will be taxable, so 2500 is not what the take home pay will be.

[m1k3y1] 02/4/2020 18:06

There are two statements in the Bloomberg article that appear to contradict each other ?

"That will be funded by the U.K. government up to a value of 2,500 pounds ($3,095) a month under a national plan, with the airline picking up the tab for wages beyond that level."

"Employees will also be able to divert pension contributions into their pay for a short period of time to top up salaries"


Have to say I don't like the suggestion of having to use non taxable pension contributions to subsidise taxable pay ?

I can see how BA and the Chancellor would find it attractive though .

[applepieinthesky] 02/4/2020 17:31

Better than the 80% I think you'll find

[jailbird] 02/4/2020 17:19

Monty,

36k suspended for now..but after June there will be jobs cuts

There is no guarantee that your employer will keep you on after the scheme ends. And if you are furloughed, you will not qualify for 80 per cent of your salary if you earn more than £2,500 per month. In that case, an employer could choose to “top up” your salary, or you could be eligible for support through the welfare system, including Universal Credit.

If you receive a regular salary, the 80 per cent should be calculated based on an employee’s actual salary before tax (their gross salary), as of February 28

hxxps://www.wired.co.uk/article/uk-furlough-scheme-job-protection

[montyhedge] 02/4/2020 17:00

IAG have done a deal with unions no redundancies and of course no dividend.

[montyhedge] 02/4/2020 16:52

My life is certaintly rosie shorting this at 602p,luvvly jubbly, Rodders.

I will close at position at 155p.

[m1k3y1] 02/4/2020 15:27

Monty.....it does seem that in your life everything is indeed not rosie.

[montyhedge] 02/4/2020 15:17

M1
Not everything is rosie in the the garden.

[m1k3y1] 02/4/2020 14:43

Monty......you can't resist it can you .

[montyhedge] 02/4/2020 14:33

What happened to the 135m pound data fine? IAG appealed that was 6 months ago.

[albert3591] 02/4/2020 14:27

A 100% increase from 100p would bring us to here that seems possible.

[rmc100] 02/4/2020 14:22

Who thinks this is a great long term investment at this price, possible 200% increase over 2/3 years?

[ccr1958] 02/4/2020 14:20

Fully agreed..Thx.

[m1k3y1] 02/4/2020 14:12

ccr.....I think it is indicative that Walsh has delayed the Annual Shareholders' Meeting 2020, originally scheduled for June, until the end of September 2020.

By then, we would all hope to see some resumption of normality.

It will be helpful to hear thatan agreement regarding furlough has been reached .
I think that countries will be wanting to re-open the lockdowns asap.
Spain is already indicating that it may phase a release of the lockdown starting with younger citizens first. Nothing confirmed though.

I also think that IAG will be well placed to recover once this is resolved ,
As always though DYOR.

[ccr1958] 02/4/2020 14:02

Maybe mik3 ....... could do with is deal being signed off.... do u see much movement here once 95% closed down ?