International Consolidat... Share Discussion Threads

[montyhedge] 07/5/2020 17:58

So IAG lost 1.1 billion hedging in oil, according to Balpa you couldn't make this stuff up, what a disaster.

[azalea] 07/5/2020 17:57

Spain's unemployment rate in 2020 is expected to hit 20%. Italy 13%

[hamhamham1] 07/5/2020 17:13

Personally, I think I had the virus, had it 2 months ago, and felt a bit wonky ever since.
I was in Madrid in mid Feb and Rome 10 days before.

[hamhamham1] 07/5/2020 17:02

Additional debt is going to weigh on most companies share prices for quite a while I think.

[arai] 07/5/2020 16:33

Greece back open 1 July for tourism .....

[arai] 07/5/2020 16:29

Imagine the quality of the business once the dust settles.

[arai] 07/5/2020 16:28

ham - Thanks.

[applepieinthesky] 07/5/2020 16:27

No job cuts in Spain and purchase of Air Europa going ahead as planned unbelievable while the UK tax payer lends money to the Mafia .

[hamhamham1] 07/5/2020 16:26

This maybe why...
MORGAN STANLEY CUTS TUI TO 'UNDERWEIGHT' (EQUAL-WEIGHT) - PRICE TARGET 1.30 (13) EUR

[loganair] 07/5/2020 16:22

IAG accessed 300 million pounds ($371 million) from the Coronavirus Corporate Finance Facility in the second week of April, it said Thursday, taking state-supported borrowing to $1.45 billion including Spanish funds. The group, which initially signaled it wasn’t seeking aid, said it’s essentially grounded until July.

IAG’s downsizing will see it take delivery of only 75 planes over the next three years instead of the planned 143. It will also assess an early retirement of inefficient four-engined Boeing Co. 747s and Airbus SE A340s, and could cut more planes with leases up for renewal in the next two years.

While the focus for the moment is on maximizing cash, much of what IAG has raised in recent months has been via short-term facilities and those will need to be refinanced, Chief Financial Officer Steve Gunning said on an analyst call.

IAG is progressing with plans to buy Spain’s Air Europa, though the deal has a price-adjustment mechanism that could be applied.

[arai] 07/5/2020 16:19

TUI have taken a right good kicking today, all news related ?

[applepieinthesky] 07/5/2020 16:15

It was revealed this morning, however, that IAG HAS accessed the UK Government's Coronavirus Corporate Finance Facility.  This provided a £300 million bailout in the form of a 'soft' loan, underwritten by the UK Government and taxpayers.

[962962] 07/5/2020 15:48

m1k.Precisely.It's not rocket science.Without doubt Monty,will come up with some viable answear.Along with his pet topic of vaccine,his theory would have end of the boarding line for a T5 747 from C gates,would be Wetherspoons bar by A gates.Bit of Insider/Tech terminology there.He won't have a clue as probably never been in T5.

[m1k3y1] 07/5/2020 15:21

962...the same maths applies to testing. I am surprised that no one has yet commented on how long it will take to test the population of the UK.

In addition, testing for the coronavirus seems pointless to me, unless the results say you have it.

To my reasoning, if you are tested negative on say Monday, then you could be tested positive on Tuesday or Wednesday etc . So, a negative result on one day serves no purpose. You have to keep getting tested, until you get a positive result.

So , the only tests that appear useful, are those that say you have had the virus. Even though immunity has not been identified, it provides you with some upside.

Of course, if you are a front line NHS worker, I guess you need to get tested every time you go to work.

[962962] 07/5/2020 14:32

And again monty.747/vacine.

[montyhedge] 07/5/2020 14:18

Of course 747 won't fly again, who in their right mind going to fly without a vaccine and 1 kilometre queue to get on one.

[fjgooner] 07/5/2020 14:16

Here it goes - listen for the buy button being pumped.

[montyhedge] 07/5/2020 14:15

165p next level boys.

[fjgooner] 07/5/2020 14:14

I'd bet that Montymuppet is about to buy back into IAG.

It always ups its negative yapping to a crescendo on a stock just before it buys and then does its usual two-faced switch around back to ramping.

[nallen1] 07/5/2020 13:19

He's obviously failed the interview

[bobbybullet] 07/5/2020 13:08

Monty....The pilots accepted that 11.5% pay rise over 3 years. Your either trying to twist facts or you don't know them.Why the sour grapes? Bit of the green eyed monster :)

[azalea] 07/5/2020 12:36

747 will not fly with pax again. Long before the virus outbreak,TV Programme on the birth of the 747 ended with that statement, but would continue to fly with freight.

[qantas] 07/5/2020 12:24

Rolls-Royce was sharply lower after the aerospace and defence giant signalled there are job cuts ahead as it said the commercial aerospace market could take several years to recover from the impact of Covid-19.

British Airways and Iberia owner IAG flew lower after saying it swung to a first-quarter operating loss of €535m. It also warned of a "significantly worse" second quarter due to the pandemic that has grounded most of its fleets.

Please do your own research as always.

[montyhedge] 07/5/2020 11:48

Any bull can you tell me an investment case. No growth, no dividend for 4 years my estimate.