International Consolidat... Share Discussion Threads

[m1k3y1] 31/7/2020 23:12

Wow Carter....you could almost be working for IAG's PR company !

[carter633] 31/7/2020 22:06

Personally I'll be most likely taking up my rights issue in full if it's offered.. IMO it's to position healthy liquidity for the group going forward until 2023-24 when they expect to return to 2019 levels - I'm happy with that. I also thought the results today weren't as bad as I expected - still having 8bn of liquidity is good seeing what they've endured over the last 6mths. I expected 5-6bn! Sure, I'll write the remainder of the year off - and come rights issue I'll look again at everything to decide but post-COVID I still see IAG out there well ahead of the competition.

[loganair] 31/7/2020 18:41

Aer Lingus is considering the closure of its bases at Cork and Shannon airports, with up to 350 jobs at risk.

Willie Walsh, chief executive of parent company IAG, said it will be years before air travel returns to normal levels.

"We were hoping to get back to 50 per cent of our capacity in July – we are flying at about 20 per cent today. So this is a much slower build up to recovery than we had originally expected," Mr Walsh said.

[applepieinthesky] 31/7/2020 18:13

Listen before you invest and with the cash going in from Qatar with it's alleged links to terror need more questions be asked or just another cover up who knows .https://www.iaindale.com/articles/iains-powerful-plea-to-british-airways-management

[m1k3y1] 31/7/2020 17:17

Ham.... I am sure that there will be .
I am interested in the Fuel Hedging reference.
I was under the impression that IAG had written down the loss to fuel hedging, for the full year in Q1 ?

[hamhamham1] 31/7/2020 17:12

M1. And you dont think there likely will be exceptional losses in the 2nd half? And maybe 50% capacity if lucky.
WW is also alienating customers by his actions and business class will be very much lower on the new norm.

[action] 31/7/2020 16:44

If no improvement in passenger nos. Losses will carry on.

[m1k3y1] 31/7/2020 16:43

Ham
"The half-year operating loss included €2.2bn of exceptional costs relating to the early retirement of British Airways’ Boeing 747s and Iberia’s Airbus A340s, as well as costs relating to its fuel-hedging programme."

[hamhamham1] 31/7/2020 16:29

Losing 4bn in the first 6 months with Jan and Feb not too affected by covid, Who's to say the second 6 months will be any different, or maybe only half as bad and just a 2bn loss for them?

[nallen1] 31/7/2020 15:49

About time the share holders coughed up, happy taking special dividends etc during the good times

[hamhamham1] 31/7/2020 15:21

Look at Natwest Group or Lloyds, their balance sheets are massively robust now, all covid loans guaranteed by the gov and they have set aside billions, whicj if not needed will go into divis or share buy backs.
I am heavy into them, let's see, fingers crossed ;)

[hamhamham1] 31/7/2020 15:21

Look at Natwest Group or Lloyds, their balance sheets are massively robust now, all covid loans guaranteed by the gov and they have set aside billions, whicj if not needed will go into divis or share buy backs.
I am heavy into them, let's see, fingers crossed ;)

[hamhamham1] 31/7/2020 15:17

Travel and leisure are this recessions banks.

[hamhamham1] 31/7/2020 15:16

M1. Smoke and mirrors with that 6bn IMO. Upfront money for flights mainly I suspect.
Diluting shareholders by maybe 50% is a kick in the teeth for them, now 600p is a million miles away and to get there post issue would be the equiv of 1200p per share before dilution.

[albert3591] 31/7/2020 15:00

Steer well clear of airline companies for a long tome I feel.

[m1k3y1] 31/7/2020 14:54

So, it has 8.1B in liquidity , plus a further 350m from sale and leasebacks, plus 750m from Amex AND it still wants to raise a further 2.75B !!!

Looks like it is asking shareholders to fund the purchase of Air Europa and cover the costs of looming Industrial action and redundancies that they will have to pay for.

[davethehorse] 31/7/2020 14:44

Good luck lol

[loganair] 31/7/2020 14:40

"Qatar Airways ... has confirmed its support for the proposed capital increase and irrevocably undertaken to subscribe for its pro rata entitlement," IAG said in a statement.

Qatar Airways is seeking two seats on the board.

[hamhamham1] 31/7/2020 14:27

You want to do share issues at 600p and do buybacks at 150p, not the other way around, ie selling them for a quarter of the price you buy them back at!

[bigdazzlerreturns] 31/7/2020 14:18

This has got a long way to fall.

What the current shares in issue 1986.26 million???

And they want another 2.75 billion in money.


Oh dear oh dear.

[clocktower] 31/7/2020 13:14

Trying to keep the share price up, is like trying to stop climate change, or the tide from rising and falling.

[clocktower] 31/7/2020 13:01

How many more BA aircraft will be sent to the graveyards by WW, as COVID kills these monster companies.

[montyhedge] 31/7/2020 12:57

Full recovery 2 years you having a laugh, no dividend I can see for at least 4 years if second wave.