International Consolidat... Share Discussion Threads

[m1k3y1] 16/4/2020 20:12

EasyJet says ‘bookings for winter are well ahead of the equivalent point last year’

[loganair] 16/4/2020 19:34

Shares in Aer Lingus-and British-Airways-owner IAG were little changed even as British Airways became the first major European carrier to lose its investment grade status amid the Covid-19 pandemic after Fitch cut its credit rating one notch to junk.

The downgrade shows the huge financial stress airlines are facing amid the Covid-19 crisis and comes as EasyJet -- Ryanair’s main rival -- said it will sell some of its planes to ensure it can get through the storm.

British Airways is unlikely to recover its end-2019 capacity level until 2023, according to Fitch’s baseline forecast.

EasyJet, which is Britain’s biggest discount airline, said it had borrowed £400m (€505m) against its jet fleet, and may raise £550m more from selling planes to leasing firms.

[loganair] 16/4/2020 19:31

Virgin Australia (VA) would voluntarily go into administration if it does not receive government aid amid unprecedented fleet groundings and worker layoffs in the thousands.

Previously, VA CEO, Paul Scurrah urged Federal Government to help the country’s airlines stay afloat, asking for an AU$1.4bn loan to help Virgin ride out the COVID-19 crisis.

Like most airlines globally, Virgin is turning to its government and not reluctant shareholders. Virgin’s loan could be converted to equity, prompting Treasurer Josh Frydenberg to say, “We’re not in the business of owning an airline.”

[m1k3y1] 16/4/2020 18:25

It isn't a vaccine that is important, it is a test to establish whether you have had the virus , or not.

Then, whether people who have had the virus are immune .
If they are, they will be the ones who are allowed to return to work.

Some countries have already implemented a traffic light scheme for mobile phones and ID cards to identify whether you have been exposed to the virus.

I can see it being implemented here.

[nathandc] 16/4/2020 17:35

I don't believe this Only comes back on a vaccine Some thoughts Most of the population will get C19 - it's a question of when The majority of people will survive without vaccineThe at risk population is tinyGovernments are starting to lift sanctions We simply can't wait for vaccine The demand for holidays and business travel will be huge for people who have had C19 IMHO I write these things with sensitivity and compassion no offence intended

[m1k3y1] 16/4/2020 15:56

EasyJet jumps as it secures £1.9bn extra funding

[montyhedge] 16/4/2020 15:39

Confidence gone in flying, flu spreaders, until a vaccine is available.

[whatsup32] 16/4/2020 14:40

Norwegian won’t be around for long . It may have some benefit for British .

One to watch is Virgin , they’re on their last leg and unless Branson and Delta cough up they won’t be around in 6 months time as the airline industry will be going into their quite season . Their slots, traffic and one less competition will be worth every penny to BA

[carter633] 16/4/2020 13:38

Norwegian look to be on the brink - unable to pay April wages for all staff. Good news for IAG picking up a ton of slots across their network for Level?

[m1k3y1] 16/4/2020 10:15

Ryanair boss predicts “massive discounting” post coronavirus

[jailbird] 16/4/2020 07:14

In the 2008 crash or was it after 9/11?BA made 2-3 years of losses but got through by raising a convertible bond and become IAG As IAG group of airlines - different ball game as more Cos to juggle

[sr2day] 16/4/2020 07:05

andy,most of what you wrote is just common sense and investors do not need to be brainy to realise that but some investors fall in love with a share just looking at historical data and think we shall be back to where we were.But unfortunately until a vaccine is found the airline industry will be crippled.no revenue and huge losses.AS far as IAG is concerned a right issue will be money down the toilet if a vaccine is not found.

[jailbird] 16/4/2020 06:53

Good post Andy

[nw99] 16/4/2020 06:33

Airlines will be forced to fly with empty sears for social distancing for upto 2 yrs possibility

[andyj] 16/4/2020 01:52

It is pointless to comment that airlines are facing a difficult situation, if you are only just realising that then you should not be investing.The key questions are 1. How long will the situation last?2. Will IAG survive?3. Will they need a rights issue?4. How will a post virus world affect them?My answers:1. Longer than the markets currently expect. Countries might be hurrying to restart economies but flying is going to be a high risk activity for many months and will only be used by those deeming it essential. There will be initiatives like pre boarding rapid tests, but the logistical nightmare of these will see them fail. When routes reopen they will struggle to be financially viable for the airlines. 2. Yes.3. Possibly, but not until it becomes essential. Regardless, it will be fully subscribed and I would advise investing with half your intended stake to be able to add in a rights issue.4. Potentially with less competition. IAG are financially a class above most airlines and could emerge in a stronger position than in recent months.No one would disagree that in ten years time £2 will be a distant memory. The question here is how low can it go? For me it is not a question of pointless, throwaway price targets, it is the point when the markets begin to think that the virus will be here forever. We are far from that moment.

[sr2day] 15/4/2020 22:59

m1k seems besotted but as it stands the passenger air travel industry looks doomed.investors need to look elsewhere for better opportunities.by the way you keep asking everybody whether they are invested,why don,t you start and let everybody know your confidence in IAG by telling us your holding.otherwise stop your nonsense.

[coxypete] 15/4/2020 22:56

https://www.bloomberg.com/news/articles/2020-04-15/emirates-starts-rapid-testing-passengers-for-virus-before-flight

[jailbird] 15/4/2020 22:48

https://www.independent.co.uk/travel/news-and-advice/coronavirus-flight-prices-airline-passengers-fares-a9464821.html

[jailbird] 15/4/2020 20:32

Reading about the future of flying Planes will be reconfigured, with less passengers to ensure social distancing and fares will have to go up.Not sure how it works with recirculating on of the cabin air though

[m1k3y1] 15/4/2020 15:27

Link


Please note the pushback Tug is connected , so looks like it was under tow.

[dtaliadoros] 15/4/2020 14:55

Opps....slight misshap with one of its only airbuses still in service. Ground collision with eithiad.

[m1k3y1] 15/4/2020 14:44

coxy.......ask Walsh.