International Consolidat... Share Discussion Threads

[azalea] 08/5/2020 07:55

Until this pandemic is well and truly over, what country will accept passengers flying in on any airline, without placing them in lock down for 14 days? Who would want to fly anywhere before the pandemic is over.

[sr2day] 08/5/2020 07:24

i will wait until 100p if it gets there.i think there is a good chance the longer they take to find a vaccine.

[amaretto1] 08/5/2020 06:15

I've gone long.... BA has plenty plenty cash .... 10 billionThey will survive ....if Virgin go under BA will sky rocketVirgin not looking good at all today.

[loganair] 07/5/2020 23:05

Virgin Atlantic - In an internal memo dated 6 May which was addressed “Dear Pilots”, the airline said that it only needed 550 pilots out of about 1,000 currently.

[loganair] 07/5/2020 23:00

Worse still to come - Although the airline said that it hoped to restart “meaningful service” from July, it also warned that far worse was yet to come in terms of the reported impact of the crisis.

In the first quarter, total passenger capacity dropped only 10.5 per cent, with normal trading levels throughout January and February.

However, for the second quarter, IAG forecast that passenger levels would drop 90 per cent, which would ease back to 55 per cent in the third quarter.

In turn, this will improve to 30 per cent in the fourth quarter, giving an overall capacity reduction for the year of 50 per cent.

[watfordhornet] 07/5/2020 22:25

Is this now getting attractive. 0 chance of this going out of business - what is entry price? Hopefully they have been buying up oil contracts at these low pricesGot to be close to entry price

[amaretto1] 07/5/2020 21:56

The London eye.. will bring IAG thru.

[alphabravo321] 07/5/2020 21:56

4 weeks to organise a meeting? Are the companies you are referring to run by the Flintstones?

[amaretto1] 07/5/2020 21:55

U will have forgotten all this by Xmas ! Mark my words.

[loganair] 07/5/2020 21:31

t1966 - I am only quoting what I'm hearing companies saying that holding on line meetings is increasing their 'productivity' as they are able to hold them 'in real time' unlike having to spend 2 to 4 weeks organizing an international meeting.

I've also heard several companies saying that holding a meeting on line compared to having to fly people around and put them in hotels will save them £20,000 to £50,000 per meeting which also saves the need for these people to be away out outside of the country for 3 or 4 days to attend a meeting that is only going to last a couple of hours.

This is what the companies are saying themselves and not my opinion.

Why do you think airlines are cancelling their orders for the largest variant of the B777 because they know their is going to be very little need for such an aircraft going forward because the airlines know their is going to be far less people flying First and Business class over the next many, many years.

[toon1966] 07/5/2020 21:17

That’s your opinion Loganair. Good luck to you and any fool who would believe you.

[loganair] 07/5/2020 21:12

t1966 - virtual meetings haven't been around at the quality they are today for more then 3 or 4 years at the most.

Covid19 has forced companies to use on line meetings and they are finding that they're able to hold them 'in real time' and are far easier to organise then spending 2 to 4 weeks organising an international meeting and are finding an increase in productivity - this is what companies are staying themselves.

I truly believe that Business & First Class travel will never return to pre-covid 19 levels.

Except for the ultra long haul routes covid 19 has severely restricted the number of wide bodied jets that are needed with all their many First and Business class seats as narrow bodied jets can now fly over 4,000nm or around 9hrs flying time and can easily be kitted out with 4 First Class and 8 Business class seats with say 120 Economy seats.

[amaretto1] 07/5/2020 20:58

UAE are in the market .. big time

[amaretto1] 07/5/2020 20:57

Half the business half the share !!But don't back against the Arabs.

[toon1966] 07/5/2020 20:56

Loganair - let’s be very clear. The technology to hold virtual (remote) meetings has been around for many years. So stop being a complete @rse.

[amaretto1] 07/5/2020 20:56

Up or down ? I'm long from 189 .. :-)

[loganair] 07/5/2020 20:51

I have been hearing a good number of businesses saying that holding international meetings on line increases productivity as they can be held in real time instead of needing 2 to 4 weeks to organise and fly people around to attend an international meeting and saves a huge amount of money as well.

It is seeming more and more that Business Class is wrecked going forward and I can easily see it never returning to 2019 levels.

[toon1966] 07/5/2020 20:32

This is quite typical of Montyhedge. For those with long memories you will recall how bullish Monty was on IAG and how he went to great lengths to promote IAG’s oil price hedging. Funny how his story has changed, no real surprise.

[m1k3y1] 07/5/2020 18:41

Monty.....IAG has lost money on fuel hedging before....it isn't exceptional , although a substantial amount.
Let's not forget though, that as IAG have paid for this fuel, they will only be losing this money, on flights that they are unable to operate until the end of the year.

Walsh has indicated 50% of the operation should be running by end July 2020, so I do question whether IAG will in fact lose the sum of money indicated.

Additionally, with oil so cheap they can barely give it away, IAG will benefit from cheap fuel in the coming months and years.

Walsh is quoted as saying
“We intend to come out of the crisis as a stronger group.”

[montyhedge] 07/5/2020 17:58

So IAG lost 1.1 billion hedging in oil, according to Balpa you couldn't make this stuff up, what a disaster.

[azalea] 07/5/2020 17:57

Spain's unemployment rate in 2020 is expected to hit 20%. Italy 13%

[hamhamham1] 07/5/2020 17:13

Personally, I think I had the virus, had it 2 months ago, and felt a bit wonky ever since.
I was in Madrid in mid Feb and Rome 10 days before.

[hamhamham1] 07/5/2020 17:02

Additional debt is going to weigh on most companies share prices for quite a while I think.

[arai] 07/5/2020 16:33

Greece back open 1 July for tourism .....