International Consolidat... Share Discussion Threads

[arai] 28/4/2020 17:46

Not got my 90p yet. US Global JETS up 5% so far today

[montyhedge] 28/4/2020 17:46

Unions won't be happy.

[hamhamham1] 28/4/2020 17:42

Nice. I got a good wack spread across Lloyds, Barclays, RBS and VMUK

[montyhedge] 28/4/2020 17:37

12,000 staff to be made redundant.

[davethehorse] 28/4/2020 17:37

https://www.thesun.co.uk/news/11501983/british-airways-12000-workers-redundant/

[davethehorse] 28/4/2020 17:36

2644283757789813

[toon1966] 28/4/2020 17:34

BBC reporting that 12000 BA staff to be made redundant...

[hamhamham1] 28/4/2020 17:31

Did Lloyds end up 17% up on the day???

[arai] 28/4/2020 16:46

JetBlue to require passengers to wear face covering during travel

[jailbird] 28/4/2020 16:34

https://www.paddleyourownkanoo.com/2020/04/28/reports-british-airways-considering-plans-to-lay-off-800-pilots/

[loganair] 28/4/2020 15:48

In a letter to shareholders Haji-Ioannou said easyJet was likely to become insolvent in 2020 if its board bought the planes.

"If the Airbus order is affirmed by these directors, the most likely outcome is that our shares will become worthless on or about December 2020, Haji-Ioannou said in the letter.

Haji-Ioannou has been at odds with the company over the order from Airbus for many years.

EasyJet said cancelling the Airbus contract for 107 new planes would be against the company's long-term interests and be so expensive that it would struggle to remain a low-cost airline. Removing the company's leaders would disrupt it at a time of crisis, it said.

[loganair] 28/4/2020 15:37

Scandinavia’s biggest network airline, SAS AB, is eliminating as many as 5,000 jobs, marking the first permanent staff cuts by a major European carrier in the face of collapsing travel demand.

The Stockholm-based company said Tuesday that the dismissals, amounting to 40% of the workforce, are necessary because employees have an average notice period of six months and it needs to prepare for what may be years of sluggish demand.

[loganair] 28/4/2020 15:35

The German government has agreed to help Lufthansa with a rescue program worth around €9 billion in exchange for a blocking minority and one or two Board of Directors mandates, says financial website Business Insider. But the German airline rejects the federal government’s conditions.

According to information from the Frankfurter Allgemeine Zeitung, Lufthansa rejects the federal government’s conditions for a rescue package and instead examines an insolvency-like protective shield procedure (Schutzschirmverfahren). In such a procedure, the company would be placed under the supervision of an administrator and could undertake the reorganization under the previous management.

Lufthansa is said to be in the market for a loan of €290 million from the Belgian government for Brussels Airlines. According to the Belgian news channel VRT, Lufthansa has no plans to sell its Belgian subsidiary. CEO Carsten Spohr would prefer the airline group stays together.

[loganair] 28/4/2020 15:30

Mark Kleinman - I’m told British Airways is considering launching a consultation that could result in it axing roughly 800 of its 4500 pilots’ jobs.

[hamhamham1] 28/4/2020 14:49

Hey toon, you lot fancy buying Declan Rice for £100m?
Can you spare a few coppers for the poor, guv'nor? :)

[toon1966] 28/4/2020 14:01

Then why bother posting your cr@p on this thread....?

[montyhedge] 28/4/2020 13:58

Must admit can't see the investment case here, slowly start to fly ok, surely passengers won't fly until vaccine in 12 to 18 months time. I see no dividend for 2 years. Better investments elsewhere, I would have thought.

[arai] 28/4/2020 13:50

I just keep looking at flightradar24 and seeing the screen FULL of flights, a bit like my local town centre with everyone supposedly social distancing.

[m1k3y1] 28/4/2020 12:34

British Airways to resume some flights in May

[hamhamham1] 28/4/2020 11:44

What is cheap and what is expensive?

[arai] 28/4/2020 11:04

You are, I have an order in for BARC at the moment but not paying 96p in this chaos.

[hamhamham1] 28/4/2020 10:41

I were right about the saddle tho'.
... well banks ;)