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Interesting article, thanks. Hard to tell what this will do to the sp. Support will avoid bankruptcy, but at what price? The additional debt they'll have to take on to see them through this crisis is still unknown. There is no end in sight to the lockdown.

Until there is a vaccine all anyone is trying to do is manage the numbers requiring a hospital bed and the number of deaths. A vaccine is more than a year away. The lockdown has to be lifted well before then, otherwise the economy is a goner. So there'll be a second and possibly third and fourth wave of infections and lockdowns before all is said and done. And that will probably require further disruption to flight schedules/loads.

Watch carefully what happens in China as they start to come back on line.

Agreed Smithy. 450p was called on here, Even that might be expensive.

luddite ….zzzzzzzzzzzzzzz!!!!!

Agreed BiB.

Travel restrictions increasing across the globe day by day. Over 90% of airline schedules will son be grounded. Total shutdown across Europe, no access to USA. No handouts from government, just loans at attractive rates of interest (whatever that means). IAG will survive but its going to take a number of years for the balance sheet to recover. In the meantime, day by day, the share price will erode.

I'm not short, I don't short. Just waiting patiently for the bottom to go long. If I was a holder, even at luddites 400-500p, I'd be selling and sitting on the sidelines. Each to their own.

This is probably value around 450p, maybe less if corona takes hold in Africa.

premature patsy. this is going sub 100p, maybe even sub 50p. restrictions in place for months not weeks. they'll get government support if required, but it'll be a loan not a gift and will take time to pay off

luddite - "read every one of your 16000 posts"
----
More fantasy. I think you'll find my post count is a tick over 600

What a plum.

luddite - I have personal experience of having to cut costs in a company many times the size of IAG ,
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not just a hoarder but a fantasist.

350p !!! What a load of balls!!

Any help will be in the form of loans that will have to be repaid. No free money. The loss of business that will extend for months and months, with no end in sight will take a long time to recoup. this is sinking below 100p before all said and done

$1M a year for the next four years in the charity foundation isn't going to cut it. Stuff your bribe up your arze fanny boy. We wont forget the harm the Aussie scum have done to the local investors and supporters without which you wouldn't have your tier 1 asset.

Slowing down in Peru, closed down in South Africa.....doesn't look good for AAL or Woodsmith. Fill in the hole and write off your $405M, rather than pour in another $3billion. Before you fill in the hole, chuck Fraser and the other SXX turds in it.

Third runway is a lifetime away.

IAG and all other airlines are in trouble. I agree that IAG is in better shape than most but even the company has admitted this is worse than 9/11. It'll be months and months before normal service is resumed. Return to 9/11 share price is a distinct possibility. Sub 120p this starts to look like value, but even then it'll still be several weeks before there is any visibility on when the virus ill stabilize and free movement will resume in any meaningful way, so it could drop further than that.

So they've drawn down the full $3 billion facility that was available to them, for working capital "for the next six months". What happens after 6 months - cant see them paying it back then? They don't say how much they'll burn through in the next six months - all of it? What is their monthly cash burn? Will they need to raise or borrow more money at the end of the six months?

All a bit vague.

Agreed. Feck you Scumshaw. I hope you and Failure and the other turds rot in hell. I hope Anglo's share price continues to slide and the coronavirus shuts down their mining operation and the Woodsmith hole in the ground is filled in.

That letter is a p iss take. Totally unnecessary.

Just a question of when not if a tenner is broken on the way down. Time to turn the lights out at Woodsmith. When coronavirus takes hold in Africa and the AAL mines start closing then freefall. I bet cutefanny wishes he had that 405M still in his pocket, not to mention the 19M blood money he paid the useless fecks at Sirius to stay on. Is he really going to spend another $300M this year to keep the lights on? How long can they go dark before the planners insist on filling in the hole?

Do me a favour . Ten quid will not hold. Carnage coming when US market opens. It'll be months before the bottom is found and it'll be well below a tenner. Someone mentioned 450p on here. That sounds more realistic.

2-3 months, not likely. The UK govt are estimating the peak to come in summer. This will take a year to contain and another year or more for company revenue to recover and divis to flow again in any meaningful amount. this will go below two quid

while the likelihood of dying from corona is low, especially compared to ebola, in order to contain and eliminate the virus there needs to be a massive lockdown on the free movement of people. this will last for months. this will impact travel and airline industry massively. restricted movement will be many times greater than 9/11. still a long way to go before we hit the bottom here.

Agreed Matt.

that's just the start. There's a good chance this deadline will get extended. Sinking fast!