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@Tuxedo8....I would also hope so.
@MD.J.Morgan...Not sure of what exactly your are suggesting re fleet numbers, but I seriously doubt they would try anything underhand to simply get access to better fuel deals. Valuable slots, and ownership of such slots at LHR for example, would be the first of many problems if they tried that. Then there would be aircraft leasing contract issues etc etc etc.
Price seems reluctant to go into lower 190's at moment, very small trading window at present.
spbhoy - agreed!
@Tuxedo8, I think you'll find that most airlines hedge their fuel contracts and therefore most would be currently locked into higher prices for the current period....while lower current prices would allow hedging for the future at more beneficial rates.
Well british american tabacco bats might have one ready in this june
My understanding is that the pandemic will be beaten though only truly when an effective vaccine has been identified and the global population becomes inoculated.
How long that takes is open to interpretation.
Johnson & Johnson (the largest healthcare company in the world) have a lead vaccine candidate and estimate it will available to deploy in early 2021.
I would suggest there are many global pharmaceutical companies seeking to identify their own vaccine, therefore I would hope to see a solution well before 2021.
Stay safe!
I think the big question no one can answer at the moment is how long will this pandemic last, we truly dont know at this stage. Were hoping it will be done in two to three months, but it could be a lot longer, no one really knows, hence there could be a lot further to drop. Will recover quickly though when it does, but will take time to get back to previous levels of 600p+. GL All!!
Both RNS' today IMO have been incredibly sensible.
IAG has now decided to reduce capacity further to approx 90 per cent reduction in April and May compared to 2019 in addition to the dividend suspension.
I also note BA has reached agreement with 4,000 pilots to take four weeks of unpaid leave in April and May with discussions ongoing with Spanish and Irish colleagues of the group.
With regards to the SP, there was no material reaction to the suspension of dividend RNS this afternoon. I would suggest the softening developed directly in line with the US releasing its unemployment figures which in turn sent the US Futures into the red. I note at the time of writing this post he US indices are positive by circa 1.5%.
Where the SP goes from here is open to opinion.
Those seeking lower, wait and see. For those looking for a bounce back to 600.00p wait and see.
IMO, in the short term, the stock like many others is a traders dream. It is moving up and down therefore providing opportunities. If you are looking to invest, then the SP may not be at the bottom, though I'd suggest it is not significantly far from it. With a 52 week high of 684.00p and current SP circa 200.00p, for me, there is long term capital enhancement here.
GL
If one does the maths, the deal with no cap Is not a bad deal at all for a couple of reasons.
A) the average salary of these staff are only marginally over the government cap, therefore all staff can be retained at a minimal premium to government cap.
B) when things return to normal, they will save on re-hiring and will be able to resume operations much faster.
That doesnt look so bad to me!
It is highly unlikely that there was any side getting 'the best' of the other but of course termite cannot possibly see any news relating to IAG as being good, everythings bad at IAG until it reaches his target price, then he will be all in , very funny. Neither the dividend cut nor the furlough has caused the share price to gap down which if either of these cost savings had been unexpected and affected sentiment we would have seen much greater price movement.
Sounds very expensive - no cap on salary. Unions got the best of management on that deal
Breaking News - BA reached an agreement with Unite Union to furlough 36k staff. All staff to be retained on 80% pay and no redundancies.