RE: Seems cheap25 Jul 2016 16:15
Yes, it does *seem* cheap, but then again many airlines do at the moment. The SP was quick to fall last week, but does not seem to want to recover (American Airlines on Friday and Ryanair today did nothing for IAG which is just drifting downwards). Given their global network and non-UK earnings, how much do you think they will really suffer from terrorism in Europe and Brexit? I wonder what the results on Friday will do to the SP: I am anxious as I really don't want to see it below 400!