Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Read between the lines;
https://newsweb.oslobors.no/message/530151
The quote about ending long haul does not appear in the RNS about the financing.
The last statement on the intention to withdraw from long haul is in the plan announced on 14th Jan. Subsequent updates only refer to progress of the overall restructure as being accepted. The plan is also 'indicative' and not fully implemented as yet - -and if I know one thing about business when the market changes your business must change to suit and fast.
It is more than likely as Norwegian wind down lh then we will hear about who took the slots, but I think BA may have already revealed they are not in the running since they said they would not be operating out of Gatwick for the interim and Norwegian operated out of Gatwick.
News about Norwegian would not impact much on the sp and if they did announce they were going to continue to operate, say, 5 lh flights to USA for the next year it would probably increase confidence in BA [IAG] because it would indicate their market research indicated a very healthy market to be and that would translate to better and easier sell for BA higher priced seats.
But the major problem is PCR tests from green zone countries. In fact any test from green zones will be a problem with airport delays and we have to wait till 28th June [I think it is] before the first review where testing could be withdrawn.
I am not retired, I am not connected with the commercial airlines or industries, only with RR, I am an independent engineering consultant with far too much time on my hands.
Well, the reason why I invested here is because I believe this share will come good. It already has for me really but i do believe it has further to go. I have an exit strategy which i am sure everyone has. US/UK flights will start soon and that will drive the share price north without doubt. It's a matter of waiting patiently now and buy on dips to add to gains. £2.50 will come so I think it's a good investment. I am sure it will go higher medium -long term if one can wait. A recent purchase from an insider worth 104k is proof of confidence in this share. It's a slimmed down company now and when things start slowly returning to normal, profits will soar. All IMO.
Big Blue. I am assuming that you are retired now as the number of daily posts at this forum would leave you little time for anything else !! You obviously have some aviation sector connections which give you information us mere mortals cannot access ..... please keep the posts coming ! I normally agree with your assessment of the ongoing situation and have complete faith that IAG will come good in the end. After some day trading I am now in with an average bp of 1.98 and will not sell till at least 2.50 no matter how long it takes.
I also read this morning that a traveller collapsed recently at Heathrow after waiting 7 hours at immigration. Absolutely ridiculous .... but typical of a government that could not properly organise a p*** up in a brewery (unless it is vaccination related of course !) Your recent reference to government officials as 'goons' brought a smile to my face.
Stay patient everyone & ride the peaks & troughs if you dare. All IMHO
GLA
@ Sundezena
So what's your prediction here with SP of IAG short term ( next few days ) and next few weeks/months?
I think he tried to tell us that this news would make IAG share go down because of increased comepetition.
this is from an article today on Norwegian air:
The survival plan brings an end to Norwegian’s long-haul business, leaving a slimmed-down carrier focusing on Nordic and European routes, but the ongoing spread of the virus continues to hamper the industry.
They are raising more cash than they said they would just to service debt.
No good at all for Norwegian. All IMO.
The Norwegian news was about the progress of debt and rights. The travel map on their web site still has Denver left as a destination but you can't book the route. Keeping a route on the official portfolio to keep access to US market perhaps? Don't know the intimate details about what is required to access the US market, but the route map has been updated since I last looked and there is a US destination still listed. They are entitled to return to limited lh if they want. Keep the 360, when the travel sector reopens knives will be out. It is a cut and thrust market in the skies and you can bet there are business teams already in place to snatch markets, routes, sectors and crush opposition. They will have small windows of opportunity. There maybe a bit of a blood bath and mega government bailouts in some areas. This is going to be fun!!!
I’m sure that was too indicate the sector moving again, rather than anything else. Maybe you need a coffee first before pouncing on someone rather needlessly?
Actually we should care about Norwegian because as far as I know they still have their slots to the US and elsewhere and still have their aircraft. They can return to long haul as quickly as they withdraw. If there is evidence to the contrary then great, otherwise they are a direct competitor to BA. HOWEVER, I don't think they will be tooooooo much a problem if they return to lh in the very near future as I expect every and any seat offered will be full.
What is a worry though were the news reports from somewhere, I missed the source, warning of 6hr long queues on the return to UK airports. THAT is of concern because that is enough to put of many travellers and suddenly the planes return to half-full. That one is the 20mm spanner!
Oracle, We don't care about Norwegian..small fry...back to IAG now...Why don't you buy Norwegian shares then?If you are so sure! I will stick with IAG.Thanks but no thanks. Lol.
Starts in business again...