International Consolidat... Share Discussion Threads

[bookbroker] 03/5/2020 11:25

Astor, not if you live in Devon or Cornwall, they may be worrying about lack of business in tourist hotspots, but then they complain of clogged up roads in summer, and Gordon Ramsey and his Uber wealthy pals pricing the locals out the market. Would they all not be better if they incorporated a local council goods and services tax on visitors, and non-indigenous Kernows!

[astorcourt] 03/5/2020 11:15

Yes, motor homes and holiday parks in devon, this the way to go

[qantas] 03/5/2020 11:05

Loganair try and get it correct.

He was selling weeks ago but now has sold out hope you inderstand the difference.

Warren Buffett, the legendary American investor, has sold his firm’s entire holdings in the four major US airlines, warning that the “world has changed” for the aviation industry because of the coronavirus crisis.

Please do your own research as always.

[loganair] 03/5/2020 10:49

Buffet selling his airline stocks is old news, I posted Buffet was selling some 3 weeks ago.

[spacedust] 03/5/2020 10:44

Correction one as ment to say 80p may appear a little expensive in the not too distant future Price now 215p

[spacedust] 03/5/2020 10:34

Holidays at home is boring. Going Broad is awesome and will resume Albeit no time soon. Could be yrs.

The news of Buffett selling all the us airline stocks he held will send shockwaves. He held 10% in 4 huge airlines. He knows more about it.....

80p may appear a bargain in the not too distant future. Price now 215p

[scubadiverr] 03/5/2020 10:12

I think buffet is spot on. I can see the world realising it no longer needs air travel. Why pollute the planet and put yourself at risk when you can teleconference and support your own by taking holidays at home?

[tfergi] 03/5/2020 09:08

I can't see how BA will be forced to change anything. Demand has fallen through the floor and it won't recover for 3 years. They don't need the same amount of man power that they did. Simple. They have to react for the longer term.Buffet bailing out of all US airlines is very bearish I'm afraid and once 2 nd quarter results are out there will be a real realising of the scale of the problems.

[amaretto1] 03/5/2020 08:38

Synergen SNG

[montyhedge] 03/5/2020 08:08

He knows airlines are the worst investment ever, Coronavirus, unions, currency, oil price all these factors.No one in their right mind will get on a plane until vaccine found.

[sr2day] 03/5/2020 08:08

maybe now some will realise that the game is over at least for the foreseeable future.

[bluearmy1] 03/5/2020 07:33

The news of Buffett selling all the us airline stocks he held does not bode well.

[amaretto1] 03/5/2020 06:53

Warren Buffet .. has sold out of all air line stocks...He was holding huge stakes...i suggest selling ....

[sr2day] 03/5/2020 05:39

m1k,i think you would better off getting a job as a negociator for BA.instead of trying to ramp the share.the only way is down.

[m1k3y1] 02/5/2020 23:40

Jailbird....I agree GOV can't force BA to deploy alternatives BUT they can intervene and say that the course of action IAG are employing is unacceptable .

UK GOV have sufficient power to 'persuade' IAG to reconsider and offer a loan on commercial terms , which IAG would find difficult to refuse, given that they have already accepted the same from the Spanish GOV.

It would be positive to see the public get behind the BA employees who are about to lose their jobs and offer public support.

After all, these BA employees have been offering their services to the NHS and others to help combat the virus.

[jailbird] 02/5/2020 23:19

Furlough is just bought time for the Cos to get their house in order and prepare for redundancies

[jailbird] 02/5/2020 23:17

M1,

"If IAG are allowed to get away with this, it will open the floodgates for other companies to do the same and you will see hundreds of thousands of employees being given notice and fewer people being re-employed under much more inferior pay and conditions."

I am afraid this is process will happen regardless..many will do it anyway

"No one benefits except the company CEO's.
Less tax for UK GOV and more people on benefits and universal credit, more mortgage defaults, lower property prices, lower rents etc etc etc ."

The legal challenge to stop this by the union..the government must think seriously about the consequences of your point...it will be downward spiral and has a frightening chain reaction

Problem is Gov cannot force BA to do deploy alternatives like getting a Gov backed loan

[m1k3y1] 02/5/2020 22:13

buywell.......this isn't about survival.......this is about opportunistic exploitation of employees by BA.

If IAG are allowed to get away with this, it will open the floodgates for other companies to do the same and you will see hundreds of thousands of employees being given notice and fewer people being re-employed under much more inferior pay and conditions.

No one benefits except the company CEO's.
Less tax for UK GOV and more people on benefits and universal credit, more mortgage defaults, lower property prices, lower rents etc etc etc .

IAG has other options , they just don't want to explore them as far as BA is concerned.

Oh and as far as pensions go.....pensions companies will default because employees can no longer contribute. . Employees who are sacked and made redundant will be forced to pay lower contributions and / or withdraw their pensions ( if they can ) .

If all these people get sacked and only some of them re-employed on inferior pay.......you and I via our taxes will be paying for it. So far better to keep the companies going with commercial loans and keeping people employed than the alternative .

No one benefits from lower pay and conditions except the company bosses on big bonuses and share awards.

[buywell3] 02/5/2020 21:36

You still don't get it

This is a matter of survival now , talk about anything else is flapping your gums and doing the Ostrich thing.


ICAO: 1.5 billion drop in airline passengers by end of 2020
eTurboNews | Trends | Travel News-30 Apr 2020
For the aviation industry, this is a matter of survival.
The Airline Industry is set to lose 25 Million jobs


and even worse

50% of the TOTAL GLOBAL WORKFORCE are now likely to lose their also




Now start talking about union strikes and pension payments again

buywell calls IAG to 150p in the next leg down

IMO dyor

[jailbird] 02/5/2020 21:08

that is a shocking figure M1

[loganair] 02/5/2020 20:02

United Airlines has informed the airplane manufacturer that it will be taking less than half of the new Boeing 737 MAX jets it originally ordered.