Member Info for mararab

International Airlines Group (IAG) has reported a huge loss for the third quarter and confirmed it will make further capacity cuts for the rest of the year.Total revenue at the group – which owns British Airways, Aer Lingus and Iberia – declined by 83 per cent to €1.2 billion over the past three months, compared to €7.3 billion last year.Overall IAG lost €1.3 billion over the period, compared to a €1.4 billion profit last year.Passenger capacity, expressed in available seat kilometres, declined by 78.6 per cent in the quarter.Passenger traffic, measured in terms of revenue passenger kilometres, declined by 88 per cent. . With this news on monday i can see only going down as can not see where the revenue is going to come from but should pick up next May if a vaccine found i dont think these shares have bottomed out yet

Well could this be the week where the sharks feed themselves till they got no more spare cash looking good for 75p buy in

WASU : how can you ask for a opinion when you block other opinions , makes me think you are like a race horse with blinkers lol and can not see what's around you and only see a IAG smooth road , well my friend the road is full of potholes and may need to take another route , bit like the share price . This may drop may rise but dont block options as your opinion is then not valid . I think THE ROAD IS called DEMOCRACY !!!

WHERE IS THE STIMULUS MONEY GOING TO COME FROM PRAY TELL ME !!!!

Well we herd it now 30% flights and will BA keep there existing staff on 30% flying . If nothing changes in the next 4 months i think more jobs could be at risk as no company can run like this and the cash burn will be extraordinary . I feel more jobs at risk unless they can live on 67% of there wages down south ummm , think this price may go south again i say 65 p bottom out

SmartARSEinvestment : you need to read the media more mine was a extract from the BBC then again it could be fiction lol from them Labour lovers

Not many places to got without quarantine
Where can I go without quarantining?
In early summer, travellers could visit popular holiday destinations such as Spain and France without having to quarantine.

There are now only a handful of places that travellers from England can visit without encountering restrictions - either when they arrive at their destination, or return.

These include:

Greece - quarantine restrictions for Crete will be lifted on Sunday, but will remain in place for Mykonos
Foreign tourists can fly into Cuba at certain entry points
Gibraltar
Travellers who haven't recently visited parts of the UK deemed ''high risk'' can visit Germany without quarantining
Madeira and the Azores - if travellers cannot show proof of a recent negative test, they will be tested on arrival and have to quarantine until the result comes back (about 12 hours)
Sweden
This is more dyer than i thought

“British Airways has historically relied on business travellers for a large part of its revenue and it now faces the prospect of significantly reduced demand from this customer base.

“The fact video conferencing has become second nature to people at work thanks to lockdown means that companies will be taking a hard look at their travel budgets and questioning whether meetings in different cities or countries is worth it.

It was suggested that Doyle will have to take dramatic measures, such as slashing prices, to lure these business travellers back or find a new way to keep its planes full once the coronavirus pandemic abates.

This also makes very interesting reading especially on vid conferencing and business class
https://www.proactiveinvestors.co.uk/companies/news/931239/british-airways-needed-a-new-pilot-but-iag-remains-grounded-931239.html

Whatamess @ which state aid bud Spain or Uk as BA is owned and registered by a EU country not a UK one Please expand bud

250p after this virus has finished in about 4years i reckon , im investing long term so i guess im waiting for that bottom line entry point bud

Teddy : what you saying if the share price drops below 90p at the end of the month Iag will think about going cap in hand again to the share holder i think not . One sniff of a another iag begging bowl will drop this share like a brick floating on water . Let s just see how much they have lost on the 3rd qr that's when and hopefully i can invest as i think there is more drops to come before getting airborne to 250p

Anapa69 : your like a repeating gout mate anything new to say

Wolfo : i agree with you i think many companies are finally braising the internet conferencing although there will be still travel for international contracts and when fibre gets fully distributed it wil effect travel and i agree with you when travel when you can do business over the net . May be 200p may be the limit this share may go who knows but i know it will never reach where it was before the big Kahlua

Suntimes : What else could they do bud but go cap in hand to the investors and as its a Spanish owned company i can not see UKGOV intervening with a loan . Which comes on to the EU i can not understand why EU has not took the lead in this coronavirus air and quarantine but left it up to individual countries , if they got there finger out they may have been able sort out the air passage/ corridors which would have helped everyone , but no there in there bunkers as normal SOME EU UNION . can not wait for a good deal and good riddens to the EU

https://www.iairgroup.com/~/media/Files/I/IAG/traffic-statistics/q2-1h-2020-traffic-stats.pdf
interesting stats

Looking fwd to seeing the 2020 Q3 results Friday, Oct 30, 2020 , this should e a good indicator where the share price might bottom out , ohh and George i think ba cargo does not contribute as much as you think my old baggage handler

Well 80 -90 p end of the month . I just can not see where the business is going to come from in the next 6-8 months . Europe is now ramped with the virus again and its coming here UK needs to pull the drawbridge up for a month to break the chain . Its a hard one to judge . I do hope im wrong and im glad the share price is rising but and its a big but this share can go drop as fast as it is rising

Ben i hope so i hope to be investing in the next 2 moths bud

Anapa : no one is trying to trick people we just stating facts bud