International Consolidat... Share Discussion Threads

[962962] 22/5/2020 16:21

m1k.Ba do not issue figures in their own right.They are included in the IAG figures,as a breakdown with the other airlines in the group.The latest accounts for the group were published 28 February 2020,as per RNS 4714E issued at 0700 that day.

[montyhedge] 22/5/2020 15:44

14 day quarantine just about the final nail.

[m1k3y1] 22/5/2020 15:00

I recall there being some recent debate about IAG employees and BA employees on this BB.

I have been looking at the last set of accounts posted by BA 31st December 2018 and it states that 4 of the Board of BA are actually Employed and remunerated by IAG.

The more you look at it, the less British, British Airways looks.

[m1k3y1] 22/5/2020 14:01

Can't see Cathay surviving this latest news from Hong Kong.

[nathandc] 22/5/2020 13:08

I will fly without a vaccine - most people have had or will get C19. Doomsday is not the scenario The share price reflects the market conditions and revenue impact. Other airlines are going to start flying - we are going back to work Why not IAG ? Because it does match YOUR investment? DYOR

[tom thumb] 22/5/2020 12:54

It is highly likely that there will be an antigen POC test available by summer.

It will enable planes to fly at capacity and give passengers the reassurance to get
back into the skies

[m1k3y1] 22/5/2020 12:54

forget a vaccine...you could be waiting forever.
It will have to be testing at airports , or you have to provide passport / certificate to show you were recently tested negative.

This 14 day quarantine is ridiculous and totally unenforceable.

[montyhedge] 22/5/2020 12:38

Yes flying but what 30% to 40% full. Who in their right mind will fly until vaccine.

[nw99] 22/5/2020 12:19

Virgin flying from Aug

[silkstag] 22/5/2020 11:51

McDermott International Inc (MDR) went down exactly this path for the same reasons as IAG. MDR left NYSE after share price collapse.
$11 in July 2019 to $0.07 in Jan 2020. -99.4% in 6 months. Overwhelned by recurring trading losses and creditors versus inadequate asset utilisation.
'This can't happen to IAG' ... because?
It will imho. Look at MDR RNSs. Deja vu. DYOR

[silkstag] 22/5/2020 11:28

"Anyone arriving in the UK from abroad could be fined £1,000 if they fail to self-isolate for 14 days, the government is expected to announce.
Under the plans, health officials would be able to carry out spot checks to check whether people were complying.
The new rules, which will also apply to British people returning from abroad, are not expected to come into force until next month.
Home Secretary Priti Patel will give more details at the daily briefing."

... one can almost hear the required 1,000,000 keyboards clicking in a rush to book seats on BA and Iberia; especially those vital business fares worth x5 economy ... or is that silence? Readers cam decide.

If silence, then who is paying for billions of trading losses and billions of plane write-downs? Are creditors kindly writing down loans as a gift? Oh wait, they get paid 100p in £ plus interest before shareholders get anything. Oops.
All holders need now is to lose more than 100% of their capital by subscribing for rights or buying extra shares.
Do what you're gonna do, but know that every share will be worth 0p by July 2021 in the restructuring. All imho. DYOR.

[davethehorse] 22/5/2020 11:09

250p coming imo

[montyhedge] 22/5/2020 11:05

I think 165p nail on, market cap would be 3.3 billion, still generous in my opinion.

[prunk] 22/5/2020 10:49

I believe it's only for time being but share price it's too good and it's not going under 190P unless there is another pandemic.

[silkstag] 22/5/2020 07:58

FTSE futures -1.5%. Rough day for holders ahead imho.

[sr2day] 22/5/2020 05:43

this is a temporary reprieve,share price will resume its descent again down to 150p.

[nw99] 21/5/2020 18:24

Out this morning very bullish for IAG with no give supper needed

[loganair] 21/5/2020 17:44

It looks like the German government is about to take a 25% + 1 share stake in bailing out Lufthansa which is also to stop "a take over bid by a third party" of the airline.

Lufthansa is going to become a pseudo Government airline where routes and employees comes first and profits come second.

Also reporting that leisure travel will come back first while business travel will be much slower and take a lot longer to come back.

[loganair] 21/5/2020 17:35

Abu Dhabi’s Etihad Airways is planning to lay off 1,200 employees as it considers permanently grounding its Airbus A380s and never operating the A350s it has ordered, company and industry sources said.

On Wednesday, Air France said it was retiring its nine A380s.

Etihad has abandoned ambitions to become a major international hub airline like rival Gulf carriers Emirates and Qatar Airways. It has focused instead on becoming a mid-sized carrier operating direct flights.

[smithys2019] 21/5/2020 16:51

Norwegian are gone from the Longhaul market and Virgin are short finals to going under too. There is a huge consolidation going on. If there is a rapid recovery, who will benefit?

Who knows what stimulus is around the corner to help with recovery? Think national governments globally are going to allow a second depression, or will the printing taps get turned on? Normally this wouldn’t be an option but as every country is affected, you can bet it will happen.

[silkstag] 21/5/2020 15:28

Q) With business fares @20% capacity (multiple of economy fare for little extra cost), @40% capacity in economy, 1/3 of fleet never needed, how does BA avoid wild ongoing losses? How does it fund £11 bn new planes?
A) Deep discounted rights issue or placing. Need £5 bn but, as the first disaster round, may just raise £2 bn 1 for 2 @ 170p.

Traders can punt daily gains on short term sentiment. Hit and miss. Good luck. But buying as a long term hold @£4 bn valuation 'as it is going up' is charging into the valley of death. The multi-billion pound cannons of trading losses, plane write-downs and multiple discounted funding dilutions, will blow dave of the horse and your cash to Smithyrines.

All imho. DYOR

[hamhamham1] 21/5/2020 15:16

Monty missed his opportunity to go long here maybe?

[smithys2019] 21/5/2020 14:49

You don’t need to filter the air with HEPA - they are there for ground circulation use. With the engines running, you are looking at cycling the air roughly every minute. It comes in through ACUs and exits via the outflow valves. Even on the ground, airlines are insisting on APU air to mitigate the risk so you are getting many more air cycles than you ever would in an office. IATA and ICAO have shown with air flow maps, seat plans and the way everyone faces, the risks are very low on Aircraft