RE: fleccy.9 Jan 2021 14:21
"Just another Mike O leary hater"
Lets be honest, the only people who like O'Leary can probably be counted on one hand. I seem to remember posting on IAG during Covid, just not in the last 30 days. I see you joined just to rebuke my arguments about the Airline sector, which will suffer greatly over the next 12 months, bringing into question the recent positivity in the sector, especially Ryanair. I have to say, I'm amazed RYA's share price is where it is, with the near and medium term negative outlook for the sector in general. The way things are going, load factors will be down for the next year at least with no guarantee they'll recover for years to come. Whatever I think of individuals personally, has no bearing on my view around travel/Airline stocks generally. I did say in a recent post that Ryanair looks the safer investment in the sector, but you obviously didn't read that post.
The positivity reflected in RYA's share price is misguided in my opinion. The Bull case is that RYA will ride in and take all the vacated slots, lost by bankrupt Airlines and Airlines downsizing, which may or may not happen. As talked about recently, new money could come in and take over the failed Airlines, with the current shareholders being the only losers. Under that scenario Ryanair's plans would fall flat.