International Consolidat... Share Discussion Threads

[m1k3y1] 26/4/2020 16:05

Monty .....LOL 3years ....why not make it 5 , or even 10 .

[montyhedge] 26/4/2020 15:55

Must admit can't see the attraction for IAG, there won't be a dividend for 3 years in my view. It will never be back to normal until a vaccine.

[m1k3y1] 26/4/2020 15:20

The Telegraph
Sir Richard Branson is seeking a buyer for Virgin Atlantic and has set an end-of-May deadline to save the airline from collapse after a taxpayer bailout proved beyond his reach.

[watfordhornet] 26/4/2020 11:13

I will be Monty. Can promise you that. Once allowed I will be off - got two weeks booked in Spain in August and although don't think will be able to if allowed I would be over there

[toon1966] 26/4/2020 11:10

Wrong again Monty...

[montyhedge] 26/4/2020 10:06

No one surely in their right mind will fly until a vaccine.

[sr2day] 26/4/2020 09:06

Branson was proposing bookings for space travel at one stage and now he is about to come down to earth.

[laurence llewelyn binliner] 26/4/2020 08:33

Airlines are like vultures, waiting, hoping, and often helping the demise of their competitors along if they can to scavenge on the left overs, looks like it is payback time for Mr B...!

[arai] 26/4/2020 08:23

Who liked middle seats anyway ......

[loganair] 26/4/2020 08:22

Sir Richard Branson is seeking a buyer for Virgin Atlantic by the end of May to save the airline from collapse, according to reports.

Hopes of getting a £500million government package have been shelved and the airline is now hunting a private investor or investors, The Sunday Telegraph understands.

It's believed there are around 50 potential investors who have asked for more information.

But putting Virgin Atlantic into administration is also understood to be an option.

[gooner1886] 26/4/2020 03:57

Travel will be a nightmare for a while no doubt

[sr2day] 26/4/2020 03:51

a lot of people are crying loud for flights to be resumed.the problem is that once this is done you are exposing the country again to imported infections.All the good work that has been done to contain the spread of this virus would be in vain and we may be back to square one.this is how it all started.so we need to be patient and it will be worth it in the end.otherwise we risk being confined for a lot longer.our choice.

[m1k3y1] 25/4/2020 23:58

Head for points
Why cheap air travel is NOT going away, despite what you may read

[loganair] 25/4/2020 21:10

The Hungarian government will decide next week on the future of lockdown measures to contain the spread of the coronavirus, as Budapest prepares for a restart of the economy, Prime Minister Viktor Orban’s chief of staff said on Thursday. Current lockdown rules will be in effect until May 3.

Spain extends closure of borders until May 10.


From May 1, flights will resume from the airline's base in Luton to selected airports in Hungary??????????, Romania, Serbia, Slovakia, Portugal, Spain???????????? and Israel.

[m1k3y1] 25/4/2020 21:07

and so it begins......
Wizz Air resumes London flights to European destinations despite lockdown

[m1k3y1] 25/4/2020 19:37

waikenchan.....more negative posts from you about IAG.....sigh.

RYA were making money but they do not fly to the primary airports.
They are also not a longhaul carrier.

IAG now have plenty of low cost options in their stable and the benefit of owning BA.
Frankly, I think BA could have done just as well, if not better without the formation of IAG but that's my view.

RYA will have to grow again BUT there is no doubt that more slots, destinations and aircraft will be available after this mess has been resolved.

Both IAG and RYA will benefit from the fallout of Norwegian, Lufthansa, air France etc etc etc

[waikenchan] 25/4/2020 19:12

I think Ryanair will do the best out this to be honest.

They have less debt, more cash (as a proportion of mcap), a more flexible workforce.

I can imagine for all those people wanting to go abroad in euro they will fly with a low cost carrier. They are taking a large chunk of the business travel these days. Just don't see how IAG will compete. Of course IAG fly to more places outside Europe, ie rest of the world.

[hamhamham1] 25/4/2020 17:57

Home to roost...


"The billionaire publicly denounced a possible rescue of BA a decade ago, saying: 'We should wait for its demise.'

He said the idea of an intervention by Ministers was a 'bad idea' and that 'loss-making and inefficient airlines should be allowed to go the wall,' adding: 'The Government should not intervene to stop companies going bust.' "

[sr2day] 25/4/2020 15:23

Airlines have had it so good for the last ten years.they should have accumulated cash reserves for events likes these.it had been on the cards for a while that the world will face some sort of epidemic albeit not of this magnitude.Nevertheless they should have been prepared for this,they should be allowed to fall. i would not worry about the near term future of flying. in business there will be always new entrants if there is money to be made.i have no sympathy for big businesses and fat cats who have sucked dry these companies.same for insurers.bloody leeches.

[laurence llewelyn binliner] 25/4/2020 15:14

#loganair.. your insight into airlines is appreciated, thanks for sharing your research and views here..

Challenging times ahead, only the carrier with the strongest cash position, and best supported going forward will survive, there seems to be little Governmint appetite to bailout airlines here but the flag carrier should in theory be the most likely to see it through, it does have the advantage of a strong balance sheet..

I'm not sure team Branson will ride this 1 out..?, Virgin Oz in administration and his 10% flushed now.., and I can not see mortgaging his island that gets wiped out with fire and hurricanes in alternate years being high on the banks list of assets to borrow against either to prop Virgin up..?

As it unfolds, there will be plenty of routes/slots/customers to be picked up on the other side of this crisis as weaker companies fail.., if you back the right horse.. :o)

Big Corporate have wasted all their money on share buy-backs, bonuses with inflated EPS numbers and dividends instead of saving for the bad times, and that is about to bite them in the ar*e...

[loganair] 25/4/2020 14:38

Air France-KLM has received a "historic" 7 billion euro loan package backed by the French government to weather the coronavirus pandemic that has grounded global travel.

France will issue 3 billion euros in direct loans and guarantees on another 4 billion euros in bank lending to the carrier, part of airline group Air France-KLM.

"Air France's planes are grounded, so we need to support Air France and the 350,000 direct and indirect employees affected," Le Maire said.

[nw99] 25/4/2020 10:25

Sorry maybe why so weak

[toon1966] 25/4/2020 10:23

This was discussed yesterday NW99.

[nw99] 25/4/2020 10:11

Gatwick has warned today demand for flights could take four years to recover from coronavirus impact. Interesting as it is I think the first public assessment we have had from a UK airport: