British Airways owner IAG today plunged to a €2bn (£1.7bn) half year loss as continued travel restrictions continue to batter the airlines group. liquidity of €10.2bn, while it is currently burning cash at a rate of €190m per week.
If airlines are in a state of disarray as your opinion and tone to match suggests, the market would have them back at March 2020 lows. Go with the trend, the market is showing you are entirely inaccurate on your view, especially as the dark clouds are slowly clearing.
"The United States will not lift any existing travel restrictions “at this point” due to concerns over the highly transmissible Covid-19 Delta variant and the rising number of US coronavirus cases"
Airlines have heavily lobbied the White House for months to lift the restrictions and some say the industry may now have to wait until September or later for a possible revision.
Looks like the market might test the 200ma within time. At least once the RNS is out tomoz, the speculation is out of the way and recovery will continue, in one way shape or form.