International Consolidat... Share Discussion Threads

[hamhamham1] 20/4/2020 19:49

Notice brent still at $25

[hamhamham1] 20/4/2020 19:48

it hit minus $40 once

[m1k3y1] 20/4/2020 19:47

This oil price crash isn’t as bad as it seems — here’s why

[m1k3y1] 20/4/2020 19:41

ham......another reason why countries won't allow the lockdown to continue for much longer.

The Oil Barrons need to sell their product and there is nowhere to store the oil that isn't being used.
They can't turn the tap off !

[hamhamham1] 20/4/2020 19:39

Minus 26 now

[hamhamham1] 20/4/2020 19:39

Oil now -$12.77 a barrel.
MINUS TWELVE DOLLARS!!!!

[qantas] 20/4/2020 19:21

Please do your own research as always

[buywell3] 20/4/2020 19:20

Airlines being downgraded to Junk status

How can anyone advise buying airline shares currently ?

The world is going to swamped with debt for years

Bigger important to the country type Airlines with big fleets and big staff costs are IMO very likely to be partially nationalised along with several other sector FTSE 100 stocks.

The pain is only just begun

dyor

[hamhamham1] 20/4/2020 19:12

$0.12 !!!!

[buywell3] 20/4/2020 19:11

Virgin Australia go into voluntary admin

$5 Billion Debt

Sign of what is to come thinks buywell

[qantas] 20/4/2020 19:08

Please do your own research as always.

[hamhamham1] 20/4/2020 18:53

US oil was $1.50 a barrel when I looked, WTF!!!

[adred] 20/4/2020 18:48

Oil is under $3 now

[m1k3y1] 20/4/2020 14:44

Whatsup.......other airlines have invoked force majeaur, so guess IAG could if needed.

[whatsup32] 20/4/2020 14:30

Oil down 40% stateside to $10 a barrel

YEP $10 a barrel .

Pandemic = Recession leading to depression

[whatsup32] 20/4/2020 13:49

Loganair.
You will remember Virgin supposedly buying and saving jobs at Flybe . What happened is they took what they wanted , asked government for a bailout and when that didn’t happen sacked all staff. No sentiment for staff there.

Now he’s playing the same record , give us money or we’ll go under and people will lose jobs.

No Mr Branson

[whatsup32] 20/4/2020 13:43

hamham

Fuel hedging details at IAG is hugely important if as you suggest 85% is hedged. I would have thought it would be a case of buying the hedged fuel or buying and paying for it but not taking delivery of it. If there wasn’t a minimum purchased/delivered then suppliers would be at a disadvantage.

I wonder if force majeure could be inacted?

[hamhamham1] 20/4/2020 13:21

One other added to my portfolio, not advice to buy. Fresnillo.

[loganair] 20/4/2020 13:12

Norwegian’s pilot and cabin crew companies in Sweden and Denmark declares bankruptcy.

Norwegian takes steps to get rid of employees in Sweden, Denmark, Spain, the UK, Finland and the USA. Norway, France and Italy are not affected.

In Norway, there are efficient furlough opportunities which means that the government pays for all salary related costs throughout the duration of the furlough period. Yet, there is not the equivalent coverage in Sweden or Denmark schemes.

Due to the extraordinary situation (force majeure), Norwegian has also notified OSM Aviation that it has cancelled the crew provision agreements with several of its jointly owned OSM Aviation subsidiaries. These companies have crew based in Spain, UK, Finland, Sweden and the US.

The above actions will affect 1,571 pilots and 3,134 cabin crew. About 700 pilots and 1,300 cabin crew based in Norway, France and Italy are not affected.

[loganair] 20/4/2020 13:09

Branson calls for £500m loan to save Virgin Atlantic:

Richard Branson warns Virgin Atlantic will collapse without Government support as he defends himself over bailout backlash.

[rhatton] 20/4/2020 13:01

Norwegian gone?

[montyhedge] 20/4/2020 12:54

I see tax exile Branson wants UK taxpayer to bail him out, his a billionaire, let him dig into his own pockets, not ours.

[hamhamham1] 20/4/2020 12:52

I don't how oil hedges work. IAG hedge 85% historically but if they have high legacy hedge prices, that doesn't matter if they not actually buying the oil, depends on the contract, is there any minimum amounts to be purchased in the contract?
I doubt it as oil was considered always going to be bought?
Any hedging done recently or especially today would be good for long term costs for airlines.

[jailbird] 20/4/2020 09:18

Business travel and cargo is where the mega bucks are made