International Consolidat... Share Discussion Threads

[2ngh] 06/8/2014 13:14

Still couldn't bring myself to pull the trigger at 311 area.

Think it's likely going to snap back hard when the markets turn and will be a rapid move to 350 area.

Markets are in severe panic mode though so anything could happen.

Geopolitical issues hurtling everything at the moment even though passenger numbers were very strong so the impact hasn't happened for IAG just yet.

[penycae] 06/8/2014 10:49

Morning all.
All depends on whether they're happy with the FTSE at 6600. Personally, I reckon they might well be looking at 6400. Been tempted a few times with longs on the DAX, but that's really taken a pounding.
I'll only add here if it breaks three quid.Got out of EZJ last night on the close. Made ten points off it, so not a bad result.
Just got to sit back, and listen to the words of old Doc. Joe.

Trade well and prosper Earthlings.....

[2ngh] 06/8/2014 08:57

If the markets snap back then it should return quickly to 330-340.

[2ngh] 06/8/2014 08:47

Morning all

Nearly got a shot at 311 again.

Shugsy - Agree regarding the passenger numbers, if there hadn't been the bomb hoax in Manchester then they would have been 330+ easy.

[shugsy] 06/8/2014 08:36

Another couple of % shaved off the share price today, even on those very strong passenger numbers showing nearly double digit increases. So much bad news in the sector at the moment, once the dust settles it will spring back quickly, just bearish at present on unprecedented bad news.

[scrabble1975] 05/8/2014 23:48

Russia allegedly thinking of banking flights over part of it's airspace. Could hit major carriers with higher fuel bills etc. I hold from these levels though. GLA.

[2ngh] 05/8/2014 18:26

TIDMIAG

RNS Number : 3242O

International Cons Airlines Group

05 August 2014

JULY 2014 - IAG GROUP TRAFFIC AND CAPACITY STATISTICS

-- In July 2014, Group traffic measured in Revenue Passenger Kilometres increased by 7.1 per cent versus July 2013; Group capacity measured in Available Seat Kilometres rose by 9.2 per cent.

-- Group premium traffic for the month of July increased by 7.6 per cent compared to the previous year.

5 August 2014

STRATEGIC DEVELOPMENTS

On 1 August, IAG announced that it is converting eight Airbus A350-900 aircraft options into firm orders and securing eight A330-200 aircraft for Iberia. These aircraft will replace 16 A340 family aircraft in the airline's long-haul fleet and will be delivered between 2015 and 2020. The new technology and improved aerodynamics will lower fuel burn and CO(2) emissions per seat by 18 per cent, as well as providing both noise and NOx performance advantages.

On 31 July, IAG Board approved the settlement by Iberia of the derivative transaction on its entire stake in Amadeus that it entered into in August 2012. The transaction was a risk management exercise and allowed IAG to safeguard the value of that stake at 2012 levels to fund Iberia's transformation plan.

On 24 July, Iberia and its trade unions reached an agreement on collective redundancies for pilots and ground staff. This could lead to an additional reduction of up to 1,427 jobs at the airline. The agreement enables Iberia to continue with its transformation plan to introduce permanent structural changes across the airline and to facilitate profitable growth in the future.

Forward-looking statements:

Certain statements included in this report are forward-looking and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.

Forward-looking statements can typically be identified by the use of forward-looking terminology, such as "expects", "may", "will", "could", "should", "intends", "plans", "predicts", "envisages" or "anticipates" and include, without limitation, any projections relating to results of operations and financial conditions of International Consolidated Airlines Group S.A. and its subsidiary undertakings from time to time (the 'Group'), as well as plans and objectives for future operations, expected future revenues, financing plans, expected expenditures and divestments relating to the Group and discussions of the Group's Business plan. All forward-looking statements in this report are based upon information known to the Group on the date of this report. The Group undertakes no obligation to publicly update or revise any forward-looking statement, wheter as a result of new information, future events or otherwise.

It is not reasonably possible to itemise all of the many factors and specific events that could cause the forward-looking statements in this report to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks of the business and the risk management process of the Group is given in the Annual Report and Accounts 2013; these documents are available on www.iagshares.com.


Group Performance(1) Month of July Year to Date
2014 2013 Change 2014 2013 Change Pro-forma(2)
------- ------- --------- -------- -------- --------- -------------

Passengers Carried
('000s) 7,841 7,247 8.2% 43,321 36,384 19.1% 7.8%
Domestic (UK, Spain
& Italy) 2,069 1,923 7.6% 11,105 8,508 30.5% 6.5%
Europe 3,899 3,531 10.4% 20,420 16,653 22.6% 10.5%
North America 863 829 4.1% 5,166 4,956 4.2%
Latin America & Caribbean 366 361 1.4% 2,387 2,425 -1.6%
Africa, Middle East
& S.Asia 470 447 5.1% 3,219 2,902 10.9%
Asia Pacific 174 156 11.5% 1,024 940 8.9%

Revenue Passenger
Km (m) 19,402 18,123 7.1% 114,733 104,501 9.8% 6.1%
Domestic (UK, Spain
& Italy) 1,367 1,250 9.4% 7,367 5,392 36.6% 7.7%
Europe 4,808 4,303 11.7% 24,144 19,411 24.4% 12.3%
North America 5,798 5,576 4.0% 34,774 33,454 3.9%
Latin America & Caribbean 3,115 3,046 2.3% 20,296 20,364 -0.3%
Africa, Middle East
& S.Asia 2,611 2,407 8.5% 18,021 16,481 9.3%
Asia Pacific 1,703 1,541 10.5% 10,131 9,399 7.8%

Available Seat Km
(m) 23,485 21,507 9.2% 144,377 130,148 10.9% 7.0%
Domestic (UK, Spain
& Italy) 1,737 1,555 11.7% 9,677 7,315 32.3% 5.8%
Europe 5,942 5,211 14.0% 31,388 25,314 24.0% 11.5%
North America 6,845 6,325 8.2% 42,578 39,799 7.0%
Latin America & Caribbean 3,746 3,614 3.7% 24,863 24,626 1.0%
Africa, Middle East
& S.Asia 3,268 3,059 6.8% 23,328 21,488 8.6%
Asia Pacific 1,947 1,743 11.7% 12,543 11,606 8.1%

Passenger Load Factor -1.7 -0.8 -0.6
(%) 82.6 84.3 pts 79.5 80.3 pts pts
Domestic (UK, Spain -1.7 +2.4 +1.3
& Italy) 78.7 80.4 pts 76.1 73.7 pts pts
-1.7 +0.2 +0.5
Europe 80.9 82.6 pts 76.9 76.7 pts pts
-3.5 -2.4
North America 84.7 88.2 pts 81.7 84.1 pts
-1.1 -1.1
Latin America & Caribbean 83.2 84.3 pts 81.6 82.7 pts
Africa, Middle East +1.2 +0.6
& S.Asia 79.9 78.7 pts 77.3 76.7 pts
-0.9 -0.2
Asia Pacific 87.5 88.4 pts 80.8 81.0 pts

Cargo Tonne Km (m)
Cargo CTK 454 468 -3.0% 3,146 3,224 -2.4%





Performance by Airline Month of July Year to Date
--------------------------- --------------------------------------------


VUELING 2014 2013 Change 2014 2013 Change Pro-forma
Revenue Passenger
Km (m) 2,567 2,078 23.5% 11,577 5,512 110.0% 26.6%
Available Seat Km
(m) 3,252 2,530 28.5% 14,655 6,943 111.1% 24.9%
Cargo Tonne Km (m) 0 0 n/a 0 0 n/a


IBERIA
Revenue Passenger
Km (m) 4,136 3,991 3.6% 24,080 24,056 0.1%
Available Seat Km
(m) 5,118 4,884 4.8% 30,743 30,504 0.8%
Cargo Tonne Km (m) 82 77 6.5% 549 574 -4.4%

BRITISH AIRWAYS
Revenue Passenger
Km (m) 12,699 12,054 5.4% 79,076 74,933 5.5%
Available Seat Km
(m) 15,115 14,093 7.3% 98,979 92,701 6.8%
Cargo Tonne Km (m) 372 391 -4.9% 2,597 2,650 -2.0%

(1) Group performance comprises British Airways, Iberia (including Iberia Express) and Vueling. Vueling traffic is currently accounted as non-premium traffic.

(2) Pro-forma figures include Vueling in the baseline.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUGUCPRUPCGWA

[philanderer] 05/8/2014 17:02

Ebola outbreak: BA suspends flights to Sierra Leone and Liberia over virus


British Airways says the 'deteriorating public health situation' relating to the Ebola virus is why they have suspended flights until August 31

[younasm] 05/8/2014 15:26

I have been taking every opportunity to go long, and buy cheap cover whenever (rarely) these rise by 10+ p

I generally buy option call/put spreads -- so when the price drops I close off my short calls, and similarly when it rises I either close short puts or buy some new ones for the next leg down.

This has worked everytime since I predicted a fall to 300p couple of months back - - when share price crossed 200-ma in a decisive manner.

All guesswork of course --- no doubt I will hit a snag soon enough. Just watch your risk/margins etc.

Quadrupled -- yes I am nearly there now. Ordered physical shares at 313p - looks like I missed that one.

[2ngh] 05/8/2014 15:25

Be a huge hammer if it recovers today

Target would be 370's.

[bracke] 05/8/2014 15:23

Good afternoon Penycae

Now you know me, I am not an alarmist but........this share does seem to shed 40/70 points when it falls.

Barring a pleasant accident there is a possibility of the upper 200's. Which is a shame 'cause I have some of them.

I will keep watch with a view to adding if the unpleasant occurs.

Regards to Monkey, Hound senior and Hound junior.

[2ngh] 05/8/2014 15:21

Still might get back to blue before close actually.

When the traffic stats filter through.

[2ngh] 05/8/2014 15:18

Oh, and those traffic numbers far exceeded my estimates.

Should be a blue day today for sure if it wasn't for the bomb hoax man in Manchester.

[2ngh] 05/8/2014 15:16

Must have a whoopa position then!

Everytime I think right, its time, something hits the headlines or Phil posts an article.

Nothing directly effecting IAG just sentiment for the sector.

Think these will bounce big very soon, major elastic band!!

[penycae] 05/8/2014 15:08

2NGH - yes, been adding to these for a couple of weeks now, largely from trading in and out of ARM. Got stops set at the start of each trade, but they're actually way under two quid. System I use won't let me move stops, so if I want to stay in a trade I have to set them very wide at the outset. Not alarmed by this, as I trade Forex to pay the rent.
Got quite a few of these now. Going to hold until they all come into profit. As simple as that really.
Have to smile, just looking at the screen. Latest batch now in profit, as is EZJ! Somebody fancies them at these prices. First to blink from here.....

[skinny] 05/8/2014 15:07

• In July 2014, Group traffic measured in Revenue Passenger Kilometres increased by 7.1 per cent versus July 2013; Group capacity measured in Available Seat Kilometres rose by 9.2 per cent.

• Group premium traffic for the month of July increased by 7.6 per cent compared to the previous year.

5 August 2014

STRATEGIC DEVELOPMENTS

On 1 August, IAG announced that it is converting eight Airbus A350-900 aircraft options into firm orders and securing eight A330-200 aircraft for Iberia. These aircraft will replace 16 A340 family aircraft in the airline's long-haul fleet and will be delivered between 2015 and 2020. The new technology and improved aerodynamics will lower fuel burn and CO2 emissions per seat by 18 per cent, as well as providing both noise and NOx performance advantages.

On 31 July, IAG Board approved the settlement by Iberia of the derivative transaction on its entire stake in Amadeus that it entered into in August 2012. The transaction was a risk management exercise and allowed IAG to safeguard the value of that stake at 2012 levels to fund Iberia's transformation plan.

On 24 July, Iberia and its trade unions reached an agreement on collective redundancies for pilots and ground staff. This could lead to an additional reduction of up to 1,427 jobs at the airline. The agreement enables Iberia to continue with its transformation plan to introduce permanent structural changes across the airline and to facilitate profitable growth in the future.

[2ngh] 05/8/2014 15:07

Well at least well over 330 today anyway!!

[2ngh] 05/8/2014 15:06

These should be 450 easy.

[2ngh] 05/8/2014 15:06

Check out the passenger stats just released!!

Reason for the jump up.

Very impressive.

[skinny] 05/8/2014 15:03

Here's a link to the story :-

[2ngh] 05/8/2014 15:02

Now the buying starts!!

Wanted a retest of 311 to make my first entry!!

[2ngh] 05/8/2014 14:58

You Been adding all the way down from a couple of weeks back? No stop?!?

You - Have you quadrupled down now?? ;-)

[2ngh] 05/8/2014 14:35

Man arrested at Manchester Airport after bomb hoax.

Good reason to whollop another 4% off the company's Mcap - Not.