RE: Over valued.13 Mar 2021 10:31
I thought the recovery of IAG and other airlines will take 12-18 months. Even the market looks 6 months forward, it will take more time till we reach the pre-covid numbers. Therefore, the sp supposed to follow it and react based on achieved numbers. I was wrong
Having a look at the other airlines like lufthansa, america airlines, it seems they are 30% from the precovid levels. Both of them donot have better liquidity or less debt comparing with IAG. IAG is much stronger. The difference is the lockdown in UK at the moment.
This points me out IAG would go for quick recovery in the next 3 months and would not be suppriced to see 400p this summer. I definetely did not expect this and thought it would be a slow recovery of the sp in the next 18 months.