International Consolidat... Share Discussion Threads

[bartyb] 15/9/2021 01:28

Compare the charts overall there is not much difference between the losses of iag and the big american airlines

[m1k3y1] 14/9/2021 19:50

The FT


"One shareholder told the FT this week: “We are unhappy at the capital allocation framework the company has used to determine that a rights issue of such size and discount was optimum for shareholders versus the other options available to them.”

[m1k3y1] 14/9/2021 17:23

Can't disagree about the Tory loonies Porsche. You can add BoJo to that statement.

[porsche1945] 14/9/2021 15:56

11.2 bil net debt, plus huge pension liabilities. i think theres a very real chance bond holders could take over IAG, wipe out the shareholders, they cant do another capital raise they have already added 50 pc plus more shares...long haul aint coming back in time to save them and jet fuel prices going nuclear.

Ftse 100 today exactly the same price as dec 30th 1999, S&P 3xd in that time. Pitiful, what an epic fail brexit and the tory loonies since 2010 have been for uk plc, well at least whoever voted for them can look forward to the highest tax rates in 70 years from April ‘22. Enjoy.

[watfordhornet] 14/9/2021 15:15

Was kicking myself for missing out on this when it went sub 100p.Looks like will soon be a good time to hop on board.

[m1k3y1] 14/9/2021 14:31

The EZJ RI has failed to impress apparently.
The Telegraph

[montyhedge] 14/9/2021 14:01

Surely got to have a rights issue, deeply discounted if they do.

[jailbird] 14/9/2021 13:08

That are two broker downgrades now

[danvandan] 14/9/2021 10:45

Any moment now, NY Boy will be popping in to say glibly, 'bought another £10k of shares, tuck these away, blah blah blah'.

More cash calls look inevitable. The conversation is slowly turning here in the UK to an 'acceptable' death rate for covid of 100 day. I think that eventually, it might be much lower, but other countries are not as far along on the vax versus disease journey as the UK, and I think it will take time for the world to come to terms with greater mortality as a norm. It will also cause everyone to think much harder about getting into a little aluminium tube for a few hours to fly somewhere with a few sneezing, snorting, people and children with sticky hands, and seats and trays that have had a two-second wipe (if that) from an underpaid foreigner working against the clock. Things have changed permanently.

Profits are going to much much harder to achieve. The road to financial recovery for IAG will be long and expensive for shareholders. I anticipate mass flight from this share and a share price south of 80p soon. In the meantime, momentary good news could cause a small spike - that will be the moment to short.

[davethehorse] 14/9/2021 10:05

Rights issue looming imo, huge dilution

[loganair] 13/9/2021 13:10

BA don't seem to have a clue how to run a low cost airline, as BA they don't even know how to compete with the low cost carries.

[dipa11] 13/9/2021 12:23

It is a good idea to start low cost airline It is best way to use own aircraft and getting new destination plus people are able to change for international flight which may be delivered extra income By the time it will start covid-19 was less problem Good luck

[m1k3y1] 13/9/2021 12:07

So, IAG say they are going to start a new low cost at LGW .

What are the views here.
Do people think a new start up is a good idea, or would buying an sensitising low cost carrier be a better option ?

or none of the above ?

[loganair] 13/9/2021 11:59

v2 - Because as BA have said many times they have permanently lost between 20% and 40% of their business traffic and it is these passengers that make the vast majority of the money for BA.

[montyhedge] 13/9/2021 10:40

I think it's odds on another rights issue. Would have to be at a massive discount to get it away.

[jailbird] 13/9/2021 09:54

Vulcan,

The winter period is a weak quarter historically and more so because of Covid restrictions. Plus we have the cost of a new low cost airline setup which was not on the books 2 weeks ago.

This year will be another big loss making year

[diku] 13/9/2021 08:57

If they were to do RI surely they would prefer to raise money minimum 100p or higher...

[diku] 13/9/2021 08:53

Reminds me of RBS (now Natwest) Chairman said during the 2008 - 2009 no need RI and then came the RI...

[loganair] 13/9/2021 08:27

Looks like another massive dilution of shares coming.

Even if BA manage to make the same profit in the future as they did pre-covid due to the massive number of extra shares in issue will mean Earnings per Share will be only around 1/3rd of pre-covid times.

[npp62] 12/9/2021 23:17

I just had a weeks holiday in Majorca flying BA LHR-PMI. Aircraft was 80% full on the way out and 60% full on the way back... so not great. But better than I thought it would be, and it'll get better. Perhaps not a big money making route but there were plenty of holiday makers on those 2 sectors as you'd imagine...