RE: Buy backs21 Jan 2025 06:37
All good posts below, just to add in terms of the cost savings, WW took the opportunity under covid to really trim costs in the airline reducing staff on legacy contracts and favourable pension terms. Also there is a shortage of new aircraft and IAG have a number of secured orders in place, I think with an extremely trimmer airline, 55% of the slots at a slot constrained international airport, a number of new aircraft in operation with a number on order, 2025 will be a good year. I'm holding for long term, I think finally IAG is back and will do very very well. Thankfully I bought more when the SP tanked, I always knew it would come good! I made the mistake of selling RR too early, I'm not doing that here, in my opinion a lot more to go and I think £5 is achieveable. End of Feb results will be interesting!! GLA