Member Info for lloydyboy

It’s a typo

When will this red rut stop. So over the top now

https://www.bbc.co.uk/news/business-53104733

IAG are in a leading cash position. They have the right significant shareholders. All will be absolutely fine. In fact I look at iag as a defence stock for the industry. Just hold. It really isn’t that hard.

IAG has said it does not estimate a recovery in demand until 2023.

The situation faced by airlines for Covid-19 is very difficult and this is transferred to IAG, although the reality is that the group's level of solvency and liquidity is high. With a Net Debt / EBITDA of 1.4x and 6,950 million euros in cash and other liquid assets (it increases from 6,683 million euros at the end of 2019), it has the financial muscle to get through the crisis. In the medium term, there are a number of factors that will support the group's recovery: (i) Sharp drop in fuel prices. (ii) Absorption of Air Europa, which is expected to be approved in the second half of the year, and will entail synergies. Also, the price will probably be revised downwards. (iii) Brexit Resolution. (iv) It has a healthy Balance.

Strong US market today, ftse fell a bit into close. I’m feeling a blue day tomorrow. In fact I am going for a strong two weeks in the run up to air bridge news. 350- 400 should be trading range moving forward. Let’s wait and see

Why would the most accurate PCR test on the market risk it all with an antibody test that are industry wide unreliable. No point in risking the company name. They have enough to be getting on with.

It is dependant on how the Dow opens. If it ranks we will be further red.

The government, protestors, staff, unions cannot do anything about this. Whilst it is a shame it is of benefit to the company, that is all the bod’s are concerned about- trimming the fat in an industry that has staff available, when strikes cannot have an impact

Is going nowhere. Settle in for the ride.

The largest European travel company has concluded an agreement with Boeing on compensation for Boeing 737 MAX grounded planes. The document also assumes postponing the supply of these machines, which is expected to increase TUI's resources to survive the pandemic crisis.
TUI maintains that talks with the US manufacturer are confidential, but Boeing was a bit more effusive, stating that the travel agency would receive € 300 million under the contract. The amount is to constitute a "significant part" of the costs (estimated at 370 million euros) that TUI incurred through grounding the MAXs. The contract will be implemented over the next two years.

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Boeing will also provide loans for future contracts; the manufacturer also agreed to reduce the order, originally based on 61 MAX aircraft, and delayed by about two years. TUI wants to significantly reduce the area of ??its activity, assuming that the reactivation of the aviation industry will last for many months, and the demand for air travel after a pandemic will not be high.

Before the MAX earthing in March 2019, TUI had 15 aircraft of this type. The company's shares listed on the London Stock Exchange have halved since the beginning of the year after the company had to suspend operations in March by an outbreak of a coronavirus pandemic. Last month, the company warned that it would have to liquidate 8,000. jobs to return to pre-crisis fitness.

To be expected after the Boeing news

Stop it. They paid off debt yesterday.

Start off for summer vacation 2020: After the travel warning for most countries in Europe is lifted by June 15th, TUI fly takes off south again in the second half of June.

After a three-month break, the first flights to Faro from Düsseldorf and Frankfurt are on the schedule on June 17. At the same time, the ROBINSON Club Quinta da Ria will reopen in the Algarve. The resumption of flight operations in June focuses on the airports in Düsseldorf, Frankfurt, Hanover and Stuttgart. From July, Munich, Hamburg, Cologne-Bonn, Basel, Paderborn and Nuremberg will follow.

“Now we can let the summer vacation 2020 take place and deliver on our vacation promise of the past few weeks. Together with TUI Germany and the target areas, we prepare the restart meticulously so that we can roll back to the start in mid-June. After a run-up phase, we will again regularly head to the most popular sun destinations in Spain, Greece, Portugal and Cyprus with a special flight plan. Of course, we take all the important measures on board to enable our guests to travel safely and relaxed, ”says Oliver Lackmann, Managing Director of TUIfly GmbH.

TUI is currently in intensive discussions with the regional government of the Balearic Islands in order to be able to offer the first flights to Mallorca for package travel customers as part of a pilot project from mid-June. Therefore, the flight schedule is expected to be expanded to include more flights to Germany's most popular sun island. All popular European car travel destinations also receive holidaymakers again. Austria, Croatia and Italy are particularly popular with TUI guests.

“Travel will be a little different this summer than in previous years, but no less beautiful. Overall, it will be a quieter vacation in 2020, without large pool parties or football tournaments, but with cheaper prices, a high relaxation factor and generously separated sun beds. In particular, the employees of our brands ROBINSON, TUI MAGIC LIFE and TUI BLUE have prepared very well for the season and can hardly wait to start the season, ”says Marek Andryszak, CEO of TUI Germany. "We are prepared to offer our guests a varied holiday in proven TUI quality without major restrictions, in compliance with the relevant hygiene and safety measures."

As soon as vacation trips to Turkey, North Africa and the Cape Verde Islands are possible, TUI will also offer these destinations again.

Comprehensive hygiene measures and adapted catering offer on board

In order to make the stay on board as safe as possible, all passengers must wear a nose and throat cover. An adapted on-board concept ensures that contacts between crews and passengers can be reduced to a minimum, particularly when it comes to meals and drinks. In addition, the aircraft are increasingly being intensively cleaned and disinfected. In addition, the cabin air in the entire TUI fly fleet is cleaned by highly efficient HEPA filters. These correspond to the standar

If flights are cancelled and they say flights full they will probably get in a bit of trouble with that one. Maybe they are just full

So EasyJet say full when no flights available. Good luck with that one

During prime ministers questions today I believe

Busy day today

In the region of 293 million euros

Not tomorrow old chap- this Boeing resolution is a huge weight off the back. They have also agreed to delay the fleet expansion and give back an undisclosed sum. They can also reduce their fleet easier. For all those moaning about debt, the company has just derisked a tad.