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Is MayBeToday jealous because today is not Wednesday.?
I never post to get a "rise".
but you are absolutely correct. Inflation day.
As a recap.
Nobody has any money, so nobody can fly, so the SP is being squeezed because this is just a one off period of profit, because although the 80% forward bookings is achieved, nobody has any money to book the other 20%.....
CPI is too high, it's not going to come down quick enough, the BOE will increase rates another 50 points, and we are all doomed....
Reality......
Nobody cares. Everyone is "entitled" to a holiday, and that is why our 80% forward bookings will be late 97-99.5% for Q3.
BUT..... When CPI goes down, and the market says "oooohhhh look it's come down quicker than we thought", maybe everyone does have money.........that should, hopefully, increase the SP.
The weather has been bad, so spending has been lower.
Retail have had loads of sales to shift summer stock
Food prices have come down
Oil has slightly dropped
etc. etc. etc.
All positives for a reduced CPI, and therefore a positive Wednesday.
E.O.M.
Oh course, DYOR
+1 for 'what is Wednesday?'
Maybe botbot has a date on Wednesday. Good luck if so. I'm really hoping the price fluctuates between an easily discernable and predictable range of 5p this week. Preferably hitting 170 for the top each time. It did so last week and in the absence of any other thrills in my life doing +2p day trades will fill that hole.
I was thinking the same, what is going on Wednesday???
Excuse my ignorance but what is happening on Wednesday ?
.
I t has to be reflected in the share price sooner or later. Same happened to RR and everyone thought it would stay low.
Pax numbers holding up quite nicely!!! GLA.
Would be nice to see this reflected in the share price though :)
Https://www.cnbc.com/2023/08/12/airlines-add-premium-first-class-seats.html
Some weekend reading. GLA.
Marginal cost is not going to exceed marginal revenue when increasing passengers flown, unit costs fall with capacity increase. 2023 q2 operating profit beat 2019 by 30% , second half of the year could be similar, Q3 80% revenue booked, Q4 30% and demand remains strong they said.
however, jet fuel prices have been ticking up since July much quicker than oil as have refinery margins.
anyone who like to monitor these things, this is a useful link.
https://www.iata.org/en/publications/economics/fuel-monitor/
"98.8% vs July 2019, back to pre-covid levels ahead of Q4?"
I'm not sure even if we get back to higher volumes than pre-hysteria levels, that it would directly translate to greater profits. I would suspect lower profits as costs are higher and fewer routes open as a lot of carriers have fewer flights to the same destination. This is my experience within Europe at least.
98.8% vs July 2019, back to pre-covid levels ahead of Q4?
I appreciate many other carriers operate from Heathrow but being BA main Heathrows biggest 'customer' would off expected some response
Some 7.6 million jet-setters flocked to Heathrow Airport in July as damp weather sent Brits searching for summer sun.
New figures from London’s biggest airport shows that while the figures still remain below pre-pandemic levels, demand for international travel is picking up.
https://www.cityam.com/heathrow-airport-damp-july-weather-sends-7-6-million-brits-jet-setting-in-search-of-sun/
@roadie2606 try Free trade unfortunately IAG is not listed with them but plenty of other stocks available.
Hey buddy. What app do you use to day trade? Do you pay for the trades? Thanks 😊
Whoops , I massively overstated my day trade profit. 0.50p movement got me about £35. Oh well still better than just sitting on it. Am straight back in, albeit £35 better off and a few more shares in the pot. Just going for 0.5 to 1 pence price moves every few days and try to grow the pot a little bit since we are near a resistance point.
Mararab
GL
That was a Sh*t post, lol!
Can tell everyone is bored
DB2014 : your right chats on hear does not move the sp but does a great job of moving my bowls
To be honest I feel like we may well be here for a few months. Happy to be wrong. Just cant see any upward drivers. China and US slowing a little dampening the upward momentum of this recovering share.
Took the opportunity today to do a minute day trade to test the water. Made about £70 on a 0.50p movement , seems pointless but going to continue in this vain while we are bobbing around at this level. Much easier to do this when the company has just given fantastic results as it is less likely to go wrong with a big drop. If I get spiked so be it, but unlikely. Good luck all.
On BBC new this morning there is demand for late bookings now, with price's up.
However, there is little choice so the suggestion was, that will also inflate prices.
Gla
Weather not looking good for the rest of Aug could be a late demand for holidays before kids go back to school
All airline/holiday shares have struggled today
The people that read these articles don't move the share price.
Most of these articles say very little by way of technical analysis. What annoys me is that they write one or two per week with the IAG company name and they always show up at the top of the search when you search for IAG share price. They start out with some surface level analysis so you think it's a genuine article but they always just tail off into 'but I'm not going to invest because I have ten hot tips in my subscription news letter that are much better than this risky IAG'. They essentially just use google to get page views then try to flog their investment subscriptions but in the process they constantly dampen a share that they have no investments in, but with a potentially massive audience of potential investors.
Anyone that reads and pays attention to their garbage reporting and click bait vitriol is indeed a motley fool.