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and Sea Cruise Companies mostly fell today (EZH -0.5%, IAG -0.5%, JET2 -2.6%, TUI -2.7% and WIZZ -2%).
Indeed is it not the case that a lower crude oil price will bring WORLD WIDE INFlATION DOWN !
Honestly the market is a complete joke.
I think it is manipulated by the media.
- So todays headline I think was maybe the FED will raise interest rates in the USA 0.75% after all.
- Rather than "Yipee, the price of Brent crude has crashed to under $80 so WORLD WIDE INFLATION is likely to drop and any PLC's who use a lot of fuel derived from oil will be a lot better off".
Maybe this is tomorrows headline?
Should I ask Mr Bloomberg or Mr Murdock to find out?
All IMHO.
Still short IAG and SBRY and ftse want 5150 or near
"The agreement with Priceline represents an excellent opportunity to strengthen our collaboration with one of the leading travel agencies in North America through the NDC channel,"
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/priceline-launches-strategic-partnership-british-140700345.html
Global airlines are set to return to black next year, said aviation veteran Willie Walsh.
According to the International Air Transport Association (IATA), carriers are set to post a collective net profit of $4.7bn (£3.8bn) as more than 4 billion passengers will travel worldwide next year.
“That is a great achievement considering the scale of the financial and economic damage caused by government-imposed pandemic restrictions,” said Walsh, who has been at the organisation’s helm since April 2021.
https://www.cityam.com/willie-walsh-airlines-to-post-3-8bn-profit-next-year/
If next set of results is good again (a billion or more)I guess sp can’t stay down. If all market retraces then we’ll go down less compared to others, provided results are good. If we can’t make money then we don’t deserve to go up. Simple: just wait and see. If our recent numbers and other airlines, airports, etc results, pax numbers are sustainable, we’ll go up, or down less than some other sectors, which we can switch to if we wish. In the absence of a dividend I’m only selling what I need to and not a piece more of my holdings in IAG, which now date back to 2020,I believe. When this rises above a given level I’ll start selling, progressively and if funds available I’ll buy back again if sp retraces.It was 143 last time,too early,I’m waiting for 160s to begin this time around. I’m sure many serious investors here are doing the same, only problem is sometimes the switches aren’t that wise ( iag for evr or shel for iag are the first two that come to mind), or funds are no longer there to buy back, but unless we go down to zero it makes sense to keep accumulating here. Those with funds available recently, last six month’s or so, will one day be big winners. After all it’s money that makes money, oh and yes I’m ,like oil, sometimes very frustrated at the moves of iag sp :)
I didn’t look at the charts, but we must surely have underperformed Lufthansa in the last month or two. I’m an optimist, my Xmas sp prediction would have been 150 plus,or 134+10%, but I now fear Santa won’t come this year. I’ve got time, I can wait. Happy investments to all genuine holders, posters and readers here.
Never understood the fascination on here with Oil prices
Surely it does help but its very marginal when inflation is roaring away at such a level. People don't realise that the share price is the discounted income stream of dividends. Higher rates make such a big difference to the SP and that, and only that, is the lever for IAG
as the much lower oil price should reduce inflation???? Anyone remember Brent crude was around $125 not so long ago?
Ant when was it over $100???? 1st August was it????????????
Big users of fuel will obviously benefit from reduced fuel costs.
My word the market is so, so slow to respond to obvious very good news!
All IMHO.
as the much lower oil price should reduce inflation????
Big users of fuel will obviously benefit from reduced fuel costs.
My word the market is so, so slow to respond to obvious very good news!
All IMHO.
Dec 6 (Reuters) - The airline industry will become profitable again next year for the first time since 2019 as a snapback in air travel continues following nearly two years of COVID-19 restrictions, an industry association said on Tuesday.
Airlines lost tens of billions of dollars in 2020 and 2021 due to the pandemic but air travel has partially recovered and some airports have struggled to cope.
The International Air Transport Association (IATA) now expects a net profit of $4.7 billion for the industry next year, with more than 4 billion passengers set to fly. It had previously said only that profits were “within reach” in 2023.
For 2022, IATA narrowed its forecast for industry-wide losses to $6.9 billion from $9.7 billion.
“That is a great achievement considering the scale of the financial and economic damage caused by government imposed pandemic restrictions,” said IATA Director General Willie Walsh, commenting on the projected return to profit in 2023.
But the former British Airways and IAG boss warned that many airlines will continue to struggle next year, citing regulations, high costs, inconsistent government policies among the factors.
https://www.reuters.com/article/airlines-iata-idAFL1N32W0EV
Will somebody explain how the share price stays the same give or take for weeks on end…and it is not just IAG….imo the lot is controlled and manipulated
particularly benefit from reduced fuel costs.
Almost everyone is better off with a lower crude oil price................
All IMHO.
When the US sneezes - we cop it.
Yep premature - grrrr
?? Not sure about that.
More like the grinch has arrived and hanging around. Someone said 125 by year end, they could well be right.
Feel in market is that an uplift is imminent… CPI figures could be the trigger.
sundezena back kiss of death lol
Tom1927, where is oil now?? barely positive!!!
Tom1927, go and look at chart for oil and tell me it has been going up!!! Ahahahahaha
London City Airport remains on track to reach its year-end goal of 3 million passengers by the end of 2022, as November numbers soared 187 per cent.
Figures published today reported that around 272,000 passengers passed through the airport’s gates in November after BA expanded its CityFlyer schedule to Scotland, with daily flights to Aberdeen.
December numbers are also expected to be three times higher than last year, with 245,000 passengers forecast.
https://www.cityam.com/london-city-on-track-for-year-end-goal-as-passengers-soar-187-per-cent/
In hindsight jet fuel price has dropped decently but it is still quite a lot above benchmark
Oil prices will go up, is anyone looking at what is happening in the news?
As said many a time now , benchmark price isn't that useful. Look at kerosene/jet fuel price..
OPEC are cutting their output and price of oil is going up, it won’t be hovering lower
oil prices have come down a lot and will hover at lower levels for quite some time which is good for IAG. DYOR.
Joo1, oil prices coming down?