International Consolidat... Share Discussion Threads

[davethehorse] 10/7/2020 10:59

Stay well away

[rs34] 10/7/2020 10:22

All airlines still in.IAG is very strong and after the last COVID fall in May it peaked up rapidly. Maybe a buy now to make the most of this low deal as holidays are picking up and NHS workers have been offered free accommodation towards booking made for Ibiza holidays.

[loganair] 09/7/2020 17:18

A £1bn-plus rescue deal for Virgin Atlantic Airways rests on the outcome of crunch talks taking place during the coming days between the airline and two big payment processors.

Sky News has learnt that Virgin Atlantic is in detailed talks with Cardnet, which is owned by Lloyds Banking Group, and First Data, a subsidiary of American Fiserv.

Sources said the airline was hoping to persuade the two companies to release about £200m of funds to aid its working capital as part of a broader rescue deal that in the past week has grown to over £1bn in various financing commitments.

Other strands of the negotiations are now said to have been broadly agreed.

Cardnet and First Data are understood to be "the final piece of the jigsaw" in securing an overall package that would provide substantial breathing space for Virgin Atlantic to continue trading through the aviation industry crisis caused by the coronavirus pandemic.

Banking sources expressed optimism that a deal would be agreed with the merchant acquirers in the next few days, although they cautioned that without their agreement, the entire refinancing of Virgin Atlantic could yet be jeopardised.

[sikhthetech] 09/7/2020 16:13

United Airlines to furlough up to 36,000 staff

[sikhthetech] 09/7/2020 16:13

Budget airline AirAsia's future in ‘significant doubt’

[m1k3y1] 09/7/2020 14:04

wigwammer.......if you look at the group history of IAG, BA has been providing subsidies for many of the other airlines for quite a number of years. BA has always been and will always be, the cash cow for IAG.

[wigwammer] 09/7/2020 13:45

That's fine.. ba generated it.. but iag was not a failing group prior to covid

[m1k3y1] 09/7/2020 13:05

Logan....AA were on the verge of Bankruptcy before the Pandemic.
As for Cruz and Walsh......they are not looking at 'surviving' but definitely the opportunistic exploitation of employees who are in an unenviable situation.

[loganair] 09/7/2020 12:49

Just look at United Airlines who have put on notice 40% of their work force, letting go 35,000 of their employees.

In the U.S. the 5 biggest quoted airlines have already taken on an extra $46bln in debt and by the end of the year this will be at least and extra $52bln of debt compared to what they started with in January. These airlines are going to have to find USD billions a year just to pay the interest on all this extra debt they've taken on and wouldn't surprise me if American Airlines didn't go bust under all their debt.


All BA are doing is to try and make sure they come out of all this as strongly and as competitive as they can.

[m1k3y1] 09/7/2020 12:12

wigwammer......the majority of that was generated by BA.

[wigwammer] 09/7/2020 10:26

Well... they quite possibly can.. at which point things start to look quite different.

[wigwammer] 09/7/2020 10:25

IAG produced £4bn in op cash flow in 2019 and around £1.5bn of free cash.. not exactly typical of a failing organisation.

[jailbird] 09/7/2020 10:22

Hope they can Airlines and travel industry needs as much help as possible

[wigwammer] 09/7/2020 10:20

What if companies like avacta successfully produce a POC saliva antigen test? That might get the bears here in a tizzy..

[jailbird] 09/7/2020 08:42

I have to agree and be realistic of the outlook
Market looks ahead and what does it see?
Expected 2 years of losses , mass reduction in group revenues , additional debt , potential dilution from a fund raising , cash pile reducing daily

Next update will tell us more of state of finances of group

I see the BA T5 is now consolidating with several other airlines while T2 and T4 remain closed .

[montyhedge] 09/7/2020 08:12

Can't see how this can maintain shareprice above 200p. It's a disaster area the airlines.

[jailbird] 08/7/2020 20:32

Totally agree Creation of IAG has benefit IAG hierarchy at the cost of BAI expect , it was pressurized to form an airline alliance because it felt it could not complete with star alliance and others OneWorld alliance never made the cut , so IAG morphed from that

[m1k3y1] 08/7/2020 18:53

Jailbird......thanks.
BA has been subsidising other IAG loss making airlines for years.
I don't believe that Walsh's long term plan for IAG has delivered to be honest.

BA should have remained a solitary airline and would have been in a much better position now as a result but I am afraid that Walsh's greed has had a negative impact on both BA and the brand.

[jailbird] 08/7/2020 18:06

IAG has used Covid as a reason it has failed but it was already a failure before Covid

[jailbird] 08/7/2020 18:04

M1Level is a basket case and should never have been bought Read this https://airwaysmag.com/airlines/the-story-behind-level-europe/

[m1k3y1] 08/7/2020 17:23

Quote
"LEVEL France was originally an operation from British Airways known as Open Skies. Open Skies was launched as a brand of British Airways in 2008 in an attempt to reduce the airline’s dependence on slot-congested London Heathrow. It flew between the US and Europe, initially using a Boeing 757 and later also adding the larger Boeing 767."
"In the long run, LEVEL could be revived as neither of the long-haul branches has entered administration. AOC’s remain in place, so IAG could decide to bring it back when demand for long haul operations returns."

Open Skies never really was profitable and was transferred from BA to IAG for £1.

[knowing] 08/7/2020 17:16

Well not good

[montyhedge] 08/7/2020 16:18

Market cap 4.2 billion, should be 2.2 billion, so shareprice in my opinion will half from here.

[montyhedge] 08/7/2020 16:05

135p coming, the next set of figures I reckon will read like a horror story.

[albert3591] 08/7/2020 16:01

Airlines definitely in the mire at the moment.