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Set chart to 1 year ( finished covid ) - draw lines
This share is basically on a steady incline. Visual representation of confidence in travel verses trepidation about debt + exposure to war & china risk
Weak a pi55, why stuck here!!!! Argghhh!!
..thinking that IAG recently reported making a record 6 month profit of €1.26 BILLION! Clearly wishful thinking! 🙄 Hey-ho…I hold and wait! Atb Rich
In both IAG and recently bought into Wizz after its price dropped sharply. Live out in the UAE and given the sometime extortionate price of flights back to the UK, I have on a few occasions used Wizz from UAE, quick 2 hr stop in Europe then on to UK. Always book the extra leg room seat and frankly I think its fine for a 5 hour flight. Its obviously not quite as pleasant but think they're on a par with EasyJet and certainly better than RyanAir imo. They seem to have had a bad reputation for cancellations, but all of my flights have been on time.
Booking to visit Krakow in October
BA came out cheaper than Easyjet
Wizz were the cheapest but certainly the price difference wouldn't make me want to fly with them
PMIs: UK economy slips hard in August as recession warning lights flash
https://www.cityam.com/pmis-uk-economy-slips-hard-in-august-as-recession-warning-lights-flash/
The problem is we are in August, one of the worst months for stocks..wait till mid Sep and this will go up with all the rest of the market. Patience. DYOR.
The problem at the moment seems that the big investors do not see much future growth potential. Is it because of competition, travel sector under pressure to reduce travel for the great unwashed, so therefore not long term sustainable?
Not that long term means much for the big investors, they hold for a few months and call it long term.
But as of now, European airlines are being sidelined for more 'trendy' stocks.
Just need the big names to switch from hold to buy. Most offer 30% upside on the TP but still rate at hold. Seems like a massive cop out.
Out of 17 analysts that cover IAG, 11 rate the stock "strong buy" or "buy", five rate "hold" and one rates "sell"
GL all
Maybe a little premature in withdrawal from service some of the later 747s but good to see all 380s back.
Upgrades IAG to buy from reduce.
Could be the markets unpredictable at the moment so will just have to see how it plays out
160 was a good shout for the bottom. Reckon we are headed for 166 over next few days
I'm not sure whether your flights were short or long haul, but there was a recent Rns about confirming purchase orders on more fleets for long haul.
https://www.lse.co.uk/rns/IAG/iag-converts-six-b787-10-and-one-a350-900-options-483ph6xmgvovd6j.html
Yeah, I'm aware of that too. Maybe it's time to order some more aircraft as long as the demand keeps up, which I believe it will. If you book BA, it's not unreasonable to expect a BA plane!
I think they are also using Finair and Air Belgium aircraft .
I've travelled on 2 occasions this year supposedly with BA but got a nasty surprise to discover that the aircraft was leased from Avion Express along with its crew. Unfortunately, it was an underwhelming experience and a poor substitute for an actual BA flight. I guess the positive is that BA clearly don't have enough planes to satisfy demand but the negative is disappointed customers. I think this practice also damages BA's corporate image.
At least one BA 747 survives at Kemble.
The Iconic BOAC liveried 747 Jumbo Jet has been scrapped G-BYGC was painted in BOAC colours and returned to service in 2019.
The scrapping took place at St Athan
What a pity that she couldn't have been stored somewhere.
Looks Like Country Garden could be next ?
Https://www.reuters.com/markets/asia/country-garden-how-bad-is-chinas-property-crisis-2023-08-17/
Operating profit will be over 3.6bn euro in 2023 but the problem is 2024 - foggy. Can they continue at that level?
the board said it will take 2 years for BA to restore all cabins to 2019 capacity, but they do tend to pessimistic.
Evergrande finally folded
There very good reason for the drop, whole FTSE is dropping cos of headwinds from china Evergrande. 1/4 of chinese economy is based on property and all other areas of china 's economy also slowing down rapidly. Very real risk of global crash and that will lead to wars as Ping will do same as Pootin. Go to war to distract from internal issues. Its what all dictators do when in trouble....
The Share is a good share but now at the mercy of Geopolitics... I sold 66% @ 164.5 yesterday and bought back in with 33% @ 160.6 this am (obviously too soon). So now going to wait as I think this has a lot more to fall, especially given that Q3 figures aren't out til Oct... just an opinion of course.
GLA
As someone said previously.
On track to make €2.5 billion and it’s valued at £8.5 billion... seems incredibly undervalued.
The whole markets down, maybe a good time to increase your holdings. You’ll all be saying in a few weeks time “ Ugh! I wish I bought more at 159p! “