Just to add it's just noise what other airlines are doing. Has very little impact and can act conversely. If one airline struggles another can benefit type of thing. Dog eat dog industry. GLA |
You can be fairly sure Q3 results related .Nothing to panic about but just a little reset imo due impact of known supply issues and higher than normal long haul cancellations.The majority of which are for the next quarter. |
Also the market did not like KLM-AIR FRANCE Q3. Share price down 9%. |
RR. down 4.32% |
Anyone aware of the reason for the drop today? |
Good to see the Dems get dumped on.Freedom wins over oppression. |
Well Trump popular with the markets. Only one important unknown left now ie Q3. Get decent results and I see it back sailing north . GLA |
Two very long articles on Ryanair results in The Times today. |
Be interesting to hear the views on the USA result on here. Think Harris will win it purely based on those that have little interest in politics and rarely vote may well be tempted to as Trump so controversial. Not sure if either will impact the markets that much though Trump will prob be more popular. Looking forward to seeing Q3 on Friday finally out the way . GLA |
Ryanair results not good due to late deliveries from Boeing. share price down |
Trading update this Friday.
Expected for nine months €3.085b
Operating profits €1•776b for 3rd quarter
Good luck to all |
I don't believe a word of it from O'Leary. They've got delivery delays and that will account for those seats. |
Ryanair is to cut thousands of UK flights as its chief executive blamed an "idiotic" tax grab by Rachel Reeves.The airline said it would cut UK capacity by as much as 10pc next year, equivalent to a reduction of around 5m passengers after the Chancellor announced a rise in air passenger duty (APD), which is levied on flights starting in the UK. |
APD only up 2 pounds on economy. Result . |
Cyber not sure where you heard that as not aware. Would make no sense either as long haul First and Club are their biggest margins ref revenue. They are cancelling as we know due B787 Trent's issues but not aware of cost cutting re premium cabins. Just curious. |
That's just 103 flights. |
shocker of day so far.
possibly below 200 by mid-November. |
1spitfire. fair comment but tonight the story is that BA are scaling down their menu for business and first on some flights to save costs. Not too sure that this will go down well with frequent travelers with competition warming up. I am getting a little nervous with the 3Q results due in a few weeks. |
Agreed with some of the concerns but LGW JFK route cancellation was out yesterday and today we saw the share price respond well to that news. On the fence re Q3 at the moment as see both sides but no change here for confidence in the long term. Going to be interesting to see how things settle after our Budget, USA elections and Q3. GLA |
Riyadh Air about to fire up, will throw a big spanner in the works for european airlines and their pilot retention. They'll be laying a lot and Emirates etc will need to keep up. Id not panic yet but don't be surprised if in a year or two it comes into play. |
Oh dear! not keen to dwell on the negative but the announcement that BA are cancelling all their Gatwick to New York flights for 4 months due to RR Trent engine delays is a problem. However they are 20% more fuel efficient than the ones being replaced but one heck of a loss on a very remunerative schedule over the near term. Shortage of parts is also an increasing problem and the KL route being delayed also adds to the woes. I am also hearing that pilot shortages are growing and causing numerous EU flight cancellations. Really nothing new here but it looks as though earnings could be challenging until next year. All these negatives are also being felt by the other main operators and it will be interesting to see how the 3Q numbers and outlook is presented. I still think IAG is a reasonable hold but share price recovery maybe more subdued until next year.
The more positive news is that oil prices are falling and today by 4% so hedging could be a big positive. |
Be good to hear Tehran imply no retaliations to give Monday a boost. Happy weekend all |
Cheers JK, well we both agree on the importance for IAG to reduce their debt. |
Not really. Profit and loss accounts can be manipulated depending on many factors such as the levels of depreciation of assets which debts are prioritised, Wright offs, and many more factors written against revenue and when IAG decides to do this. The rate of debt reduction is a far better indication of cash generation and so improving credit rating. |
Good read . Thanks for posting |
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