I totally support the British Airways staff because they sacrificed their salaries for around 10% during the pandemic and British Airways still didn’t bring the salaries to the pre pandemic levels. This is too much capitalism. The strike decision is definitely true and their right. They are not asking “an additional increase”; what they are asking is the pre pandemic salary range.
T
The current price is ridiculously cheap. I am not holding IAG.L shares but for me any price below 160p is a dip price and must buy.
A
I don't understand why airlines in general are doing so badly? Is it because of inflation? Logically they should be going up since no restrictions, it's almost summer?
T
When I was reading news in Yahoo News today I focussed this:
"British Airways has borrowed four aircraft from Finnair and four from sister airline Iberia instead of using any of 18 UK-registered Airbus planes the flag carrier has in storage, according to industry sources. EasyJet has “wet leased” eight aircraft to operate out of Gatwick and one out of Bristol from Latvia’s SmartLynx Airlines. TUI is borrowing five of SmartLynx’s jets to run services out of Gatwick, Manchester and Doncaster airports, as well as two planes from Lithuanian airline Avion Express for flights out of Gatwick."
The aviation industry is finally quite busy like before the pandemic and it is now trying to respond to the demand. Wait for the Q4 results.
T
Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry's return to profit is "within reach" in 2023 despite ongoing uncertainty, the International Air Transport Association said on Monday.
Industry losses are expected to drop to $9.7 billion this year, a "huge improvement" from $137.7 billion in 2020 and $42.1 billion in 2021, IATA said in an upgraded industry outlook ahead of its annual general meeting in Doha.
Yahoo News - 20 June 2022
T
US Economy Will ‘Narrowly Avoid’ Recession in 2022 and 2023, IMF Says (Bloomberg) -- The US economy is likely to slow in 2022 and 2023 but will “narrowly avoid a recession” as the Federal Reserve implements its rate-tightening plan to curb inflation, the International Monetary Fund said.
J
The negative sentiment surrounding IAG shares can be attributed to passengers being warned of major delays this week. Workers are carrying out a ballot over a potential pay strike. Check-in staff at Heathrow airport said that the company has refused to reverse a 10% pay cut imposed on them during the pandemic. Meanwhile, management pay has been restored to pre-pandemic levels.
The IAG share price is down 15% this year. With travel making a comeback as Covid restrictions wind down, are IAG shares a bargain?
The IAG share price is down 15% this year. With travel making a comeback as Covid restrictions wind down, are IAG shares a bargain?
www.fool.co.uk
A
This is being heavily shorted...10% of entire stock...going under a £....they better be hedged on aviation fuel!!!
Y
Nice little rally before close of market. Lets get a run going :D.
Brought a further £2k worth of shares this morning at 115!
R
The Heathrow passenger figures for April are out. 75% of the April 2019 figures. Got to be good for BA!
J
“The IAG share price is up about 4% this week as the group announced a share buyback programme on Tuesday. Apart from that, a number of big director dealings occurred at IAG. Chairman and Iberia CEO Javier Sanchez-Prieto and CFO Nicholas Cadbury made the headlines. The latter had already received 1,473,207 shares as a part of IAG’s executive share plan, which will be vested in three tranches annually. Despite that, Cadbury still purchased more shares.”
Director dealings can indicate whether a company's doing well. So, here are this week's director dealings from three of the FTSE's top firms.
Director dealings can indicate whether a company's doing well. So, here are this week's director dealings from three of the FTSE's top firms.
www.fool.co.uk
G
What’s going on with the price? Up& down
J
On Monday, Heathrow Airport suffered a widespread problem with its baggage system. As a result, Heathrow requested airlines to cancel 10% of their flights from Terminals 2 and 3. Although IAG's main hub is located at Terminal 5, this still affected the limited number of IAG services at T2 and T3.
“British Airways’ owner has said that a recovery in business travel and trips by wealthy passengers will drive a return to profitability from the second quarter onwards this year.”
2nd quarter will drive a return to profitability. End of discussion. You cannot manipulate the price by giving wrong information and you cannot lie.
T
These results were expected and this loss called "heavy" is reducing if you compare it with previous year. The reason for this negative report is the past pandemic and Omicron. But these are all gone. The travel sector is recovering and there is a huge demand for international travel. Do you think IAG.L shutdown its operations because of this declared loss? Or the company is going to stop hiring / stop training staff? The answer is of course not. Q4 results will be much different and I can't imagine the price summer of 2023. So, buy as much as you can in 2022. Stay long and enjoy the trading bots fighting each other.
M
Predictions on earnings? Good (thumbs up) Bad (thumbs down) let’s see.
"British Airways has borrowed four aircraft from Finnair and four from sister airline Iberia instead of using any of 18 UK-registered Airbus planes the flag carrier has in storage, according to industry sources. EasyJet has “wet leased” eight aircraft to operate out of Gatwick and one out of Bristol from Latvia’s SmartLynx Airlines. TUI is borrowing five of SmartLynx’s jets to run services out of Gatwick, Manchester and Doncaster airports, as well as two planes from Lithuanian airline Avion Express for flights out of Gatwick."
The aviation industry is finally quite busy like before the pandemic and it is now trying to respond to the demand. Wait for the Q4 results.
Industry losses are expected to drop to $9.7 billion this year, a "huge improvement" from $137.7 billion in 2020 and $42.1 billion in 2021, IATA said in an upgraded industry outlook ahead of its annual general meeting in Doha.
Yahoo News - 20 June 2022
(Bloomberg) -- The US economy is likely to slow in 2022 and 2023 but will “narrowly avoid a recession” as the Federal Reserve implements its rate-tightening plan to curb inflation, the International Monetary Fund said.
https://www.fool.co.uk/2022/06/05/the-iag-share-price-is-down-15-should-i-buy/
Brought a further £2k worth of shares this morning at 115!
https://www.fool.co.uk/2022/05/27/director-dealings-lloyds-iag-sse/
https://www.fool.co.uk/2022/06/23/could-iag-shares-be-in-further-trouble/
2nd quarter will drive a return to profitability. End of discussion. You cannot manipulate the price by giving wrong information and you cannot lie.
Passengers Movements
2019 6,527,489 39,849
2020 3,106,845 25,798
2021 541,669 9,453
2022 4,196,656 27,999
I can't see how anybody could see that as anything other than excellent!