Member Info for ianfm

wow... when i bought earlier at 156.88, i never thought it would be nearly 4p cheaper a little later. ah well, decreased my avg, so semi-happy

yeah another today at 11:08. someone building a position slowly looks like

Just topped up a few at 156.88, brought my avg down slightly.

Bounced heavily off 155.5

Exact opposite of RR yesterday, up ~25p yet sells were double the buys (pinch of salt LSE trades) compared to IAG, buys double the sells and down. Least the RNS shows money is being made and good loads.

IAG shares tumble as BA owner faces soaring costs
Shares in British Airways owner IAG are the worst performing on the FTSE 100, declining 2.8pc since it announced hopes to nearly double profits this year and a recovery in revenues to pre-pandemic levels.

Julie Palmer, partner at Begbies Traynor, sheds some light on why:

The scale of the post-pandemic recovery for airlines is spelled out in British Airways-owner IAG’s results, with revenues bouncing back to levels seen before Covid grounded flights.

However, the story was not the same for profits. Although IAG did return to the black, the cost of running airlines has soared; despite hedging contracts to protect IAG, the fuel bill was almost a third higher and other costs rose by a quarter compared to 2019.

Management say they want to return to previous profit levels within a few years.

However, that's going to need oil prices dropping to levels not seen for a long time, something unlikely in an increasingly unstable world, management squeezing efficiencies out of the business, a task they've battled with previously, or ticket prices going up.

In an increasingly uncertain world and the highly regulated aviation industry, I'd expect it will be passengers who pay the price of bringing profits back to where the once were.

Perhaps the market isnt too happy with them spending ~350mil on Air Europa when they still have 10bln debt?

No idea, im on HL as well, also no RNS listed. I read them on LSE.

Now red, guess its all those day traders who thought it would be another RR jumping off again.

or open at 168..... nothing like RR that sat in auction for a good 5 mins. ah well, least we've started the long road to recovery.

Not read results yet, apologies if Im just repeating:

IAG to buy rest of Air Europa in £353m deal
British Airways owner IAG has said that it plans to buy the remaining 80pc of shares that it does not own in Spain's third largest airline Air Europa for €400m (£353m) as it also revealed it expects profit might double this year.

The business said that it made an operating profit before exceptional items of €1.3bn (£1.1bn), a swing from a nearly €3bn (£2.6bn) loss the year before.

This financial year the airline expects to make between €1.8bn and €2.3bn (£1.6bn to £2bn).

Chief executive Luis Gallego said:

With the acquisition of Air Europa now agreed but subject to regulatory and other approvals which could take
around 18 months, we are intending to welcome another leading airline to the Group.

This acquisition will enable us to grow Madrid as a hub, offering a gateway to Latin America and beyond, with benefits for customers, employees and shareholders.

Keep winning these tornys, show the sponsors that they will get good RoI and good airtime. Good job guys

Looks like its rising again into the close before results tomorrow.

don't be daft, they've just made the acquisition. its quiet in here as its a small company. no movement unless there is news inbound

Maybeonedaysoon - another one for the green bin

Seems like people were waiting on RR results nad possibly Qantas helped as well before buying in here. Let's hope its for a decent hold and not a quick in and out by tomorrow.

126 to sell. gg guys for those who held all through the tough times :)

Down down, deeper and down.

Also the difference here is that look back over GILD RNS from LSE, 5 sponsors in the timeline, and 2 tourny wins.
GFIN has 2 'partnerships' RNS'ed thats about all the news

yeah... ouch. GFIN, 0.16p