International Consolidat... Share Discussion Threads

[smartie6] 29/3/2020 20:19

Why the hell would he. Crikey what a silly question. He doesn’t want to lose money.

[m1k3y1] 29/3/2020 20:17

waikenchan ....back to your doom and gloom posts again.........
Do you own any IAG shares yet .

[waikenchan] 29/3/2020 19:50

Liquidity ratios looks grim, current ratio less than 1, debt vs equity is high - that was based on 2019 numbers. I can imagine numbers looking even worse and as a result worsening liquidity conditions.

How an earth are they going to roll over debt with declining cash flow / pay back credit facilities, with the added possibility of being downgraded to junk bond status.

[smartie6] 29/3/2020 19:02

I hope so loganair. Although it wouldn’t be surprising to hear they’ve all been furloughed.

[loganair] 29/3/2020 19:01

Once a week of something like that engineering staff should be going on board each aircraft and switching all the electrics on to make sure they work and starting the engines so they are warmed up to.

[smartie6] 29/3/2020 18:54

I hope someone is maintaining those planes. Have you seen what happens to a car if left standing for over 6months? Completely fkd. I certainly wouldn’t be jumping on one in 6months time.

That said there’ll be under government ownership by then anyway.

[hamhamham1] 29/3/2020 18:07

Deputy CMO said 3-6 months likely lockdown, if virus not reduced by then could be more.
Will review every 3 weeks, they hope 2-3 months they will be on top of the curve.

[smithys2019] 29/3/2020 17:44

Loganair, if only we had a virus come along and kill off the NIMBY generation that is blocking all the major infra projects in the U.K...

[gooner1886] 29/3/2020 17:26

Why do they see its grim up north (and it is) then? :/

[m1k3y1] 29/3/2020 17:23

They have already been suffering due to the flight restrictions placed on them by some of the Gulf states, which hasn't helped.

Monty..are you in or out of IAG.

[m1k3y1] 29/3/2020 16:43

Virus testing target to be 25000 a day apparently.
With a total population of circa 66million, it would take about 7.23 years to test the country !

[m1k3y1] 29/3/2020 16:32

gaffer.......I am talking about going from the South to the North.
Didn't mention HS2 at all but we do need a high speed link of some kind.

If you have ever tried the M6, you'll understand why.

[m1k3y1] 29/3/2020 16:05

Agreed logan.......the planning system in this country is ridiculous.

[m1k3y1] 29/3/2020 15:44

Logan.....both China and Russia are substantially larger than the UK with land and cheap labour to spare.

There is no doubt though, that some kind of cheap and fast link from South to North is badly needed.

[smartie6] 29/3/2020 15:37

Q.

What has more than 2 planes grounded?

A.

An international airline that is fooooked.

[loganair] 29/3/2020 15:11

3rd Runway at Heathrow - 50 years and still talking about it.

In less then 10 years China and Russia have rebuilt most of their airports. Russia has built a completely new airport for Moscow, from start to being operational less then 5 years.

High Speed rail - HS2, 20 years and only just started to build it. China builds the equivalent of London to Edinburgh each and every year. Russia built Moscow to St Peterburg high speed railway from thinking about it to being operational 5 years, $12.5bln (£9bln) and they bought all their rolling stock from Germany in the price - the line finished ahead of time and under budget.

HS2, if starting building it in 2000, instead of faffing around would have been fully up and running by now from London-Birmingham-Manchester-Liverpool-Lancaster-Glasgow..Manchester-Leeds-Edinburgh would most probably have come in at around £30bln.

In St Petersburg, to build 1 block or about 400 yards of tramway, including a stop, in winter, 4 hours day light, temperature -12C, from nothing being there, being built to having a tram run on it, just 48 hours.

[hamhamham1] 29/3/2020 14:57

Most of French agriculture is subsidised, it costs more to run than it's income it provides. Billions spent on that a year. Really they need to intensify their farming to get costs down, but they would rather farm at what ever cost to keep living like it's 100 years ago.

[m1k3y1] 29/3/2020 14:53

ham....if you can't compete without losing money why do it ?

No commercial business would.

Paying subsidies means that tax payers are , in effect , paying the wages of those people working for the subsidised company, that is unable to survive otherwise.
The wages that are being paid, are probably not market rates anyway, as the company needs a subsidy to be able to trade.

Complete madness.

[hamhamham1] 29/3/2020 14:50

China subsidising its industries did they can dump product, take market share and remove the competition hasn't done them bad. Staying local doesn't always mean you keep market share, services may be a bit different to products though I guess.

[tornado12] 29/3/2020 14:33

Q1 results on May 7 will define the direction for IAG survival and the cash burn they currently making. I had 2 flights long haul booked for business and both cancelled at mid and end April. Received voucher for flight value for a future booking and not refund. The play on IAG for me needs at least this update before I consider investing for capital growth into 2021. I am convinced they will not need government support as only last resort