International Consolidat... Share Discussion Threads

[buywell3] 30/5/2017 07:39

u guys don't get it do you

IAG was doing buybacks yesterday to minimise the fall ie a damage limitation attempt

Volumes on the LSE today could be north of 20M shares traded V around 7M shares traded yesterday in Spain

Like I said IAG have agreed AGM cash before yesterday, to carry on buying another circa 46M of their own shares

[diku] 29/5/2017 23:09

Was somebody trying to nick electric hence the power surge!!.....

[bricktycoon] 29/5/2017 22:22

Oh dear massive sells on Friday I smell a rat this will tank in the morning a combination of the disaster at it's hubs gat wick and Heathrow the share price being at a 52 week high CEO called the resign if a combination of all theses things plus massive long Cfds being taken out then the panic from the general market timber

[qantas] 29/5/2017 15:29

Computer meltdown may cost British Airways over $100 million

Please do your own research....

[chiefbrody] 29/5/2017 14:47

Indeed. More aligned to the probable £££ impact to IAG.

[andysand] 29/5/2017 14:44

It's only down 2.5% in Madrid. Quite a calm reaction really.

[tp6] 29/5/2017 13:16

News sources quoting 75,000 passengers affected.So £100-£150 million sounds feasible.Cruz sticking to his vague "power" issue, in hope of using that to wriggle away from eu261 payouts.

[chiefbrody] 29/5/2017 12:59

Already said, a few %Those above with their 100p + falls - lol.Multi billion £££ company and they come on here thinking it's a tin pot Aim startup that a few shorters can scare peeps into selling and making the share price plummet.

[acamas] 29/5/2017 12:50

To about 597p I guess

[shayadfn] 29/5/2017 11:53

How far will it fall tomorrow?

[philanderer] 29/5/2017 11:08

There will be a class action by passengers claiming alternative travel arrangements if BA don't cough up every penny. This is going to cost BA an arm and a leg either way

[ccr1958] 29/5/2017 11:07

BA(IAG) are obviously obsessed with cutting the bottom line . This impacts on the customer every day ,not obviously in volume of the past weekend .. I travel a lot and the loads are heavier than ever ,this episode will have little impact and will be forgotten in a week ....out sourcing is a false economy,.. BUT will the powers that be care enough to GET past their next bonus ...The IT system`s back up is non existent !!!

[alphorn] 29/5/2017 10:21

I agree with your last sentence jailbird; even some idiots in the press suggesting that the 'B' needs to be removed. Talk about shooting yourself in the foot.

[jailbird] 29/5/2017 10:16

I still believe BA can take these knocks... the Co is a cash cow.Lucrative slots, dominant position.BA needs to step up though and this has come at a bad time .The country needs a national carrier to be proud of.The EU will be chuckling at every debacle ....U.K. Is becoming more isolated, frankly May is just trying to save what little we have to fight for . For any leader this a tough ask now.

[acamas] 29/5/2017 10:12

Madrid is open today and IAG is being traded at down 2.77% about 19 cents on the day. Why are they not shorting it more on the Madrid Bourse? They think they know the outcome tomorrow at 8 am in London or do they?

Something does not compute? Is this really a costly blip that in a months time be history or is it something that will hurt for much longer. They must have massive bookings for the school summer holidays and management will do their damnedest to sail through this period and restore goodwill to their famous old name and reputation. They would be mugs not to

[jailbird] 29/5/2017 10:10

Yes their pension deficit is a problem.This is one of the other reason to outsource, to get ppl of this scheme.Many new staff are on new IAG contracts, on less benefits and poorer pensionsThe final salary scheme is the high costs pension schemes Not many as used to be on this pension scheme but BA still have to pay out to ppl drawing it.Poor pensions are everywhere, the 'gold' final salary scheme is dead

[pugugly] 29/5/2017 09:54

IAG being heavily criticised in FT today both in main leader and detailed article - IMO shorters have a good case - Just a question of how big a fall tomorrow - Also (IMO) if management start buying to prop up share price then possibly in breach of their fiduciary responsibility to share holders and wider stake holders.
Given the pension shortfall, amongst other points, they have greater responsibilities than looking after the share price which will go where the market dictates.

[diku] 29/5/2017 09:51

Bad news can be twisted to make it look good....top heavy flight discounts coming...

[robo175] 29/5/2017 09:34

These shorter will spout any rubbish to make money.

[chiefbrody] 29/5/2017 09:02

Lot of shorters suddenly appeared.Filter button going to be busy tomorrow.

[buywell3] 29/5/2017 08:59

IAG will have to release a RNS about how many shares they buyback today

One would think that they have many buy orders in to minimize the Spanish fall today as they know today will set the tone for tomorrow

There is also a growing pension problem though

''Last year, British Airways made payments of more than £500m toward pension fund deficits.”





British Airways granted leave to appeal in pensions case
26th May 2017

British Airways (BA) has been granted leave to appeal a High Court ruling that found in favour of the Airways Pension Scheme (APS) trustees’ power and decision to award discretionary pension increases.

In the case of British Airways v Airways Pension Scheme Trustee, the airline disputed the trustees’ decision to amend scheme rules in order to award discretionary increases to members of the pension scheme, as well as their decision to award a 0.2% discretionary increase.

The APS trustees introduced the discretionary power in 2011 in response to a change to the index on which the Pensions Increase Review Order (PIRO) is based. In 2010, the government announced that PIRO, the practice the APS uses to increase pensions, would be based on the Consumer Prices Index (CPI) rather than the Retail Prices Index (RPI).

The High Court ruled against British Airways in the case, finding that the amendment to the scheme rules was valid and effective. It also ruled that a November 2013 decision to award a 0.2% discretionary increase was within the scope of the discretionary powers and that the trustees had given regard to all relevant considerations and to no irrelevant considerations when making the decision.

A spokesperson at British Airways said: “Given the risks that remain within the scheme, we believe the deficit contributions should be applied to improve funding and reduce risks, not improve benefits. There are 26,000 members in this pension scheme, 98% of whom are already retired and on far more generous pensions than succeeding generations of British Airways employees. Last year, British Airways made payments of more than £500m toward pension fund deficits.”

[jailbird] 29/5/2017 08:31

Their IT issues are all linked to their check in system recently deployed to save costs . it is very flakes and resilience is not the best. This is proved with power outage or network problem occurs .It can bring the airline down globally .This is supported by the Indian Co TCS. This is the root cause of it.It was a high risk IT change in strategy. The spend on this was hundreds of millions .As IAG is a group of Cos they needed to integrate and streamline their IT support processes to save costs.But Iberia and Air Lingus retain their core check in systems with global core Co used by other airlines .Amadeus and Sabre and Galileo are the main used by all airlines.Yes outsourcing has not helped as key skills have been lost. But that is not cause if it.Outsourcing is a false economy and BA have not finished doing this yetThey may decide to rethink this now But I doubt it.The brand and customer service has been damaged This Co owns a massive chunk of heathrow slots . It will bounce back from this. But they cannot afford repeat failures of the IT systems .

[mr woodentop] 29/5/2017 08:26

only down 3% on spanish market at present. This would seem to indicate expected profit hit in the region of 70m euro. I think this is a bit low