International Consolidat... Share Discussion Threads

[jailbird] 29/6/2020 15:32

I believe the cost of redundancies will be between £250-300m for 10k staff That cost will be over time be recouped by pay reductions of existing staff and reduced pension costs and 10k ppl less to pay .Dilution is inevitable this year because of losses for full year this year and next .

[action] 29/6/2020 12:35

Any change in market sentiment with regards to COVID19 vaccine or flying restrictions will be good for this. Also if RI on card MM will keep it around this level to get it through. Dyor.

[bagqueen] 29/6/2020 12:32

Where is the evidence of this deal?

[qantas] 29/6/2020 12:19

IAG flew higher after British Airways reportedly reached a deal to cut 350 pilots and put another 300 in a pool for re-hire when needed.

Please do your own research as always./

[nemesis6] 29/6/2020 09:11

oh god...yawnnnnnnnnnnnnnnnnnnn

[montyhedge] 29/6/2020 09:02

Below 200p coming, unions, lack of passengers, currency. Airlines are the disaster sector.

[smithys2019] 29/6/2020 08:10

They won’t be helping the return to profit though. They will be constraining growth and giving away market share when aircraft have insufficient crew to get the aircraft flying.

Seen this before at TUI - No matter what level of overtime will entice pilots and crew in to fly, as they are exhausted. You then have to outsource and it firstly costs more than you are making and secondly you don’t have the cabin fit people are expecting.

Short term. Saves cash, but not much. Have a look at how much cash a 20% reduction in crews (at the bottom of the seniority list mind) will save you. It’s not very much.

[goblin99] 28/6/2020 22:28

Of course there would be little support from the city. They care not about workers, more the bottom line and how quickly iag return to profitability. They would wholeheartedly support permanent cuts & the bigger the better.

[m1k3y1] 28/6/2020 19:55

Watford......but doing what they need to survive, doesn't appear to extend to the BoD who stand to receive up to 200% of salary in bonuses.

[watfordhornet] 28/6/2020 16:55

It is obvious. The unions are a pain in the backside - don't have the intelligence unfortunately to see we are in unforgiving times. IAG need to do what they need to survive. Not great for employees but the union would do better to understand the current situation

[jailbird] 28/6/2020 16:43

Little support for unions from the city https://www.dailymail.co.uk/money/markets/article-8466687/Delusional-unions-destroy-BA-analysts-warn.html

[sikhthetech] 28/6/2020 15:03

The scheduled list from BA is amusing...

India has been experiencing a huge increase in infections... many parts of India still under lockdown. Delhi now plagued by locusts.

USA is reintroducing lockdowns.

Australia has seen a spike in infections...

I noticed currently no A380s on the list.

[andy flower] 28/6/2020 12:55

Also they are offering free change of dates and destinations.

[m1k3y1] 28/6/2020 12:12

British Airways in this past week extended long-haul interim schedule to late-August 2020, as the airline tentatively schedules to resume additional 17 routes. As of 26JUN20, planned July and August 2020 operation for long-haul routes as follows.

London Heathrow – Abuja eff 01AUG20 1 daily 777-200ER
London Heathrow – Accra eff 16JUL20 777-200ER operates alternating days (1 daily from 01AUG20)
London Heathrow – Atlanta eff 01AUG20 1 daily 787-10
London Heathrow – Bangalore eff 01AUG20 1 daily A350-1000XWB
London Heathrow – Beijing Daxing eff 01AUG20 1 daily 777-200ER (Planned operation in July 2020 cancelled)
London Heathrow – Boston 1 daily A350-1000XWB (2 daily A350/777-200ER from 01AUG20)
London Heathrow – Cape Town eff 01AUG20 1 daily 777-200ER (Planned operation in July 2020 cancelled)
London Heathrow – Chicago O’Hare 1 daily 787-9 (2 daily A350-1000XWB/787-9 from 01AUG20)
London Heathrow – Dallas/Ft. Worth 1 daily 787-8
London Heathrow – Delhi eff 16JUL20 787-8 operates alternating days (2 daily 777-200ER/787-8 from 01AUG20)
London Heathrow – Denver eff 02AUG20 5 weekly 777-200ER
London Heathrow – Dubai eff 17JUL20 3 weekly 777-200ER (1 daily A350-1000XWB from 01AUG20)
London Heathrow – Hong Kong 1 daily 777-300ER
London Heathrow – Houston eff 02AUG20 5 weekly 777-200ER
London Heathrow – Hyderabad eff 01AUG20 787-8 operates alternating days
London Heathrow – Johannesburg eff 01AUG20 1 daily 777-300ER (Planned operation in July 2020 cancelled)
London Heathrow – Kuwait City eff 01AUG20 1 daily 777-200ER
London Heathrow – Lagos eff 17JUL20 777-200ER operates alternating days (1 daily from 01AUG20)
London Heathrow – Las Vegas eff 01AUG20 1 daily 777-200ER
London Heathrow – Los Angeles 1 daily 787-9 (2 daily 787-9 from 01AUG20)
London Heathrow – Mexico City eff 01AUG20 1 daily 787-9 (Planned operation in July 2020 cancelled)
London Heathrow – Miami 1 daily 787-9 (2 daily 787-9 from 01AUG20)
London Heathrow – Mumbai eff 16JUL20 1 daily 787-9 (1 daily 787-8 and alternating day 777-200ER from 01AUG20)
London Heathrow – Nairobi eff 16JUL20 1 daily 777-200ER
London Heathrow – New York JFK 1 daily 777-200ER (3 daily from 01AUG20; Previous plan: 2 daily in July)
London Heathrow – Philadelphia eff 01AUG20 1 daily 787-8
London Heathrow – Phoenix eff 01AUG20 1 daily 787-9
London Heathrow – Riyadh eff 01AUG20 1 daily 777-200ER
London Heathrow – San Francisco 1 daily 787-9 (2 daily from 01AUG20)
London Heathrow – Sao Paulo Guarulhos eff 01AUG20 1 daily 787-8 (Planned operation in July 2020 canceled)
London Heathrow – Seattle 1 daily 787-8 (787-10 from 01AUG20)
London Heathrow – Seoul Incheon 3 weekly 787-8
London Heathrow – Shanghai Pu Dong eff 16JUL20 1 daily 777-300ER
London Heathrow – Singapore 777-300ER operates alternating days (until 31JUL20)
London Heathrow – Singapore – Sydney eff 01AUG20 1 daily 777-300ER
London Heathrow – Tel Aviv eff 16JUL20 1 daily A350-1000XWB (2 daily A350/787-8 from 01AUG20)
London Heathrow – Tokyo Haneda 3 weekly 787-9 (1 daily from 01AUG20)
London Heathrow – Toronto eff 16JUL20 1 daily 787-9
London Heathrow – Vancouver eff 16JUL20 1 daily 777-200ER
London Heathrow – Washington Dulles 1 daily A350-1000XWB

[oakville] 28/6/2020 09:13

Just posted on easyJet thread. Websites cannot cope with volumes. Bizzare

[m1k3y1] 27/6/2020 17:01

BBC News
Holiday bookings 'explode' as travel restrictions ease

[m1k3y1] 27/6/2020 17:00

Logan....I would be surprised if BA's 380 fleet was not permanently grounded.

[ducky fuzz] 27/6/2020 10:44

From the BBC .. The travel sector has gone to war with the government over its blanket quarantine policy.

So a more nuanced, risk-based approach will quieten the critics to some extent.

But the storm of controversy swirling around this policy won't completely go away.

Portugal, which will probably not be on next week's list of exemptions, feels hard done-by.

The country is desperate that UK tourists return.

And although in public health terms the US is not currently close to being on the list, it does potentially present a tricky diplomatic dynamic, given the normally cosy relationship between Washington and London.

And the transatlantic flight market is lucrative too.

This announcement is a step in the right direction for UK aviation, but they want testing at airports to also provide another way for passengers to be exempt. So far, in public, the government has said very little about that.

[loganair] 27/6/2020 10:40

The EU, which almost certainly will include the UK will almost certainly put both the USA and Mexico as well as Brazil and Russia on it ban travel list which could last many months.

Mexico will badly effect Iberia while the USA will badly effect BA, being by far its most profitable routes leaving IAG, especially BA leaving many of its long haul fleet and I would say it's entire A380 fleet continued to be grounded and thereby making substantial losses for the rest of this year.

[teamwork1] 27/6/2020 09:30

Lol now that's funny

[goblin99] 26/6/2020 22:13

His tips are buy BT and ramp it as the price drops and drops, then go on other boards and become mystic meg. Anything that suits his agenda

[toon1966] 26/6/2020 18:29

That’s ‘rich’ coming from you Montyhedge. Could you provide us all with tips on developing an investment strategy?