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How can rates be flat when there is no drop in fuel price ???
Everything else has dropped but fuel no change yet .
Wouldn’t be nice for Iag to comment and say we are actually rising price by %15 after this comment 🤣🤣🤣
""Looking at summer ... We thought pricing would be up 5-10%. We're heading to flat (pricing year-on-year) to 5% up, which is surprising with a lot of the Airbus (AIR.PA), opens new tab fleet grounded for maintenance," he told Reporters in Brussels."
O'Leary's shareholders won't be thanking him for his remarks today unless some other motive, not yet evident, shows itself in the future, eg to re-enforce the image of cheaper fares for the public as 'RonR' mentions.
Savory nice to see an informed commentary for a change, agree that the value is there, share price dilution, debt and dividends are holding this back but there is light at the end of the tunnel, fingers crossed....
One never learns from previous errors. My own worst enemy !
Clearly this comment from O'leary caused this ridiculous afternoon dive bomb in the SP - the timing is so co-incidental etc. Yet Ryanair operate predominately in a very different space to IAG (with the exception of Vueling which is a fraction of IAG's total profit/revenue base) - you just gotta love the market craziness / heard mentality - this is what we use to ultimately make a return.
However what was encouraging until the deliberate PR piece by him was seeing the share price breakout from 178/179 - if only for a few hours! Hoping for gains into Friday and then let's see where we are. I'm expecting positive Q1 results and hopefully a positive message on outlook for the rest of the year re demand - if they don't mention a good outlook then clearly we've yet again seen today what messaging can do to the SP !! :(
Yet this is still a company valued at 1/3 that of Ryanair with triple the revenue and double the profit with a much more hedged product set - but hey ho - debt and no divis weighting against it - question is 1/3 of the value seems like a massive haircut to me - hence why IAG SP is still very cheap IMO/DYOR etc.
It might explain the drop. See the link:
https://www.lse.co.uk/news/EZJ/ryanair-leads-airline-shares-lower-after-warning-over-summer-fares-yormdr4zeolt60w.html
He is such a knob
It's gone blue! Up yours O'Leary!!!
This is where it get's really stupid. I recently read that brokers were bigger fans of low cost carriers, and was why their SP's were doing so much better than IAG. The prices O'Leary is talking about is for short haul, no? Let's just hope there is a big up tick for IAG come Friday. O'Leary knows what he's doing, it is all about PR to get people to believe flights are cheap, when we all know the truth is far from the rhetoric.
All airline share holders are freaking out due to O Learys announcement. Its crazy.....
That or he simply hasn't a clue, think its the latter.....
No, i dont work for the muppets!!
Hahahahaha...I did it so people could load up more EZJ.. Iag will be ok with results coming out shortly, thats why not affected. EZJ will recover too. Hope we see £5 then i load up. Cheers..
I genuinely believe he works for the shorters
"Iag almost positive..it will be plus 5 pence again by end of day..DYOR."
Jinxed.......
"Iag almost positive..it will be plus 5 pence again by end of day..DYOR."
The euro stock was up 2.65% yesterday, there is nothing cheery about being flat and missing Monday? Plus you probably jinxed it again....
BRUSSELS, May 7 (Reuters) - Ticket fare prices this summer are likely going to be lower than previously expected, Ryanair Chief Executive Michael O'Leary said on Tuesday, despite previous warnings that rising costs would get passed on to airline customers.
Aviation executives and analysts have said ticket prices were set to go up even more this year as capacity constraints and slower aircraft deliveries limit the amount of planes in the sky despite robust travel demand.
However, O'Leary said that prices were not rising as fast as previously assumed. Ryanair shares were down 6.4% at 1354 GMT, with easyJet and Lufthansa shares also down after O'Leary's comments.
"Looking at summer ... We thought pricing would be up 5-10%. We're heading to flat (pricing year-on-year) to 5% up, which is surprising with a lot of the Airbus fleet grounded for maintenance," he told Reporters in Brussels.
In February, O'Leary said average fares could increase by 10-15 euros in the next five years.
Ha please not now
Iag almost positive..it will be plus 5 pence again by end of day..DYOR.
All low cost airlines being hit at the same time as Michael O Learys announcement. Noting to do with Boeing or War, cash is king....
Doubt it, barely affected the Boeing sp.
This is all due to Ryanair announcement, look at the hit Easjet took!
Could also be that they've launched an investigation into the 787 planes....
"Its about natural resources, there is a massive amount of gas under Rafah.. thats the prize"
AND we have a winner!!
$500+ billion at the estimate done in 2013. It is actually in the waters off the Gaza coast, belongs to the Palestinians.