International Consolidat... Share Discussion Threads

[m1k3y1] 09/9/2020 19:53

Willie Walsh declares he likes state aid

[montyhedge] 09/9/2020 19:20

Probably trying to get someone to underwrite it. I reckon 1 for 1 at 125p.

[qantas] 09/9/2020 12:48

Https://www.travelmole.com/news_feature.php?c=setreg®ion=2&m_id=d~AY!~Abs~&w_id=37983&news_id=2044238Please do your own research as always

[m1k3y1] 09/9/2020 09:25

but no news as yet regarding the issue price.

[qantas] 09/9/2020 09:00

AGM



RESOLUTION 15

Please do your own research as always.

[qantas] 09/9/2020 08:34

Please do your own research as always.

[m1k3y1] 08/9/2020 18:43

Have to say, I wasn't that impressed with the AGM.

They exited stage left faster than Snagglepuss. !!!

[montyhedge] 08/9/2020 18:35

I'm just amazed they found someone to underwrite it.

[loganair] 08/9/2020 18:00

Air Europa Requests €400 Million In State Aid - While negotiations are still ongoing with IAG to lower the acquisition cost for Air Europa, the carrier has put in a request for €400 million in state aid from the Spanish Solvency Fund for Strategic Companies. The airline continues to suffer heavily from the travel restrictions to its most profitable markets in South America.

[soho2] 08/9/2020 16:05

When are we going to find out? At the close tonight?

[applepieinthesky] 08/9/2020 13:23

What a dodgy place to put your money

[loganair] 08/9/2020 12:37

Holding nearly 1/4 of IAG, the Rights Issue will be priced at the price Qatar Airways wants it to be priced at.

[montyhedge] 08/9/2020 12:30

Looking at the amount I reckon 1 for 1 at 125p.

[m1k3y1] 08/9/2020 12:25

Rights issue approved at AGM , no announcement yet of the price.

[loganair] 08/9/2020 08:54

Moody's Investors Service late Monday downgraded its rating for International Consolidated Airlines Group SA to Ba2 from Ba1, and also kept its outlook negative.

At the same time, Moody's also downgraded the rating on IAG's British Airways PLC to Ba2 from Ba1.

The credit agency said its rating downgrade reflected the slow pace of passenger demand recovery in Europe since the quarantine measures and travel restrictions imposed in the first quarter of 2020.

"Moody's anticipates that pro forma for the rights issue and American Express proceeds, IAG's liquidity will support the company to operate for around 500 days if demand does not improve from estimated levels in the third quarter of 2020. There is a high degree of uncertainty in this estimate, however Moody's considers that the company's liquidity is weaker compared than similarly Ba-rated airlines."

From the end of March to the end of June, IAG's liquidity position fell to around GBP10 billion to GBP8.1 billion.

In addition to financial challenges, there is also the uncertainty of its restructuring programme, that places up to 13,000 staff within subsidiary British Airways at risk, not to mention headcount reductions in other airlines across the group.

"As part of its cost reduction programme British Airways is also planning to amend contract terms for certain existing staff which could lead to industrial unrest. IAG may potentially also need to re-orientate its business towards leisure and away from corporate travel which is typically a highly profitable segment of the airline industry and it may face challenges to return to prior levels of profitability as a result," Moody's added.

[loganair] 08/9/2020 08:49

British Airways today revealed that it is pulling printed copies of its High Life magazine from all flights. The publication, which has been in circulation for almost half a century, will be replaced with a downloadable digital edition.

The airline said that the COVID pandemic had prompted the change.

In-flight magazines have been a staple of the flying experience. They allowed for an airline to provide information and gather sponsorships while simultaneously giving passengers something to kill time on a long flight. However, it seems as though final boarding has been called for the publications.

British Airways will stop placing the High Life magazine in seat-back pockets on its aircraft. Instead, the magazine will be distributed digitally. Every executive club member will get a monthly email with the publication. Meanwhile, passengers onboard will be able to download it for free from the aircraft’s WiFi.

If you really will miss the High Life magazine, a handful of printed copies will still be available in the British Airways lounge.

[montyhedge] 08/9/2020 08:39

Would have to be heavily discounted to get it away in these markets, around 120p I would say.

[vas007] 07/9/2020 16:20

Does anyone have some views on the rights issue?

[nortic 007] 06/9/2020 06:19

Coronavirus: Labour joins calls for airport testing to minimise quarantine policy and help travel industry

[ny boy] 04/9/2020 09:47

Investors selling out of tech, looking for beaten stocks post COvid, in a year we will all be hugging and kissing each other, so it’s been a buy for me for a while.

[hamhamham1] 04/9/2020 06:21

Ryanair need the 400m as they are burning cash. Typical of them to make out it's for potential expansion, rather than survival :)

[loganair] 03/9/2020 23:00

Virgin Atlantic to cut another 1,000 jobs.

The carrier plans to cut more jobs after seeing demand recover more slowly than initially anticipated, Sky News learns.

The latest round of cuts would mean that Virgin Atlantic's workforce has almost halved from its pre-pandemic level.

[loganair] 03/9/2020 19:13

The reducing appeal of global travel?

Meanwhile, coronavirus travel restrictions are less stringent than they were earlier in the year. But flights are operating on a reduced capacity basis, and destinations are being haphazardly brought in and out of quarantine restrictions. This is unsettling for travellers and likely to put people off flying unless essential. Additionally, the appeal of global business travel is weakening as company boards look at ways to reduce their carbon footprints. The successful transition to virtual working throughout the pandemic is making this much more achievable, further curtailing the need to fly.

Planes being grounded, industrial action, large bonuses and an overall reduction in demand for travel. The risk factor in buying airline shares really has risen substantially. These factors combine to paint a dismal picture for IAG as a lucrative investment and feel the IAG share price has further to fall.

[loganair] 03/9/2020 19:10

Ryanair announced after stock markets closed on Thursday that it is planning to sell €400 million of shares to strengthen its balance sheet amid the Covid-19 crisis and take advantage of “significant growth opportunities” as rivals run into trouble.