Member Info for Raffles70

Yep iv just bought another lump... as sure as eggs this will recover.. jist been reading over the 3rd vaccine jab.. all good looking at the data. .. I look at it this way if we don't fly what's to live for? We all work to go on holiday yern to travel always have amd always will... But financially iag are debt ridden, but I do have confidence it will recover.
Good luck chaps

Why did the sector rise?

I know spelling .... flaming predictive text !

I get paid on Friday and buing a load more of this stock..

Iag are well capitalised... the cash burn will be getting offset with the uptick in business.. they have said all this before. COVID will not go away, but be contained going forward.. although I respect your opinion .. it sends bad vibe to everyone on here all this rights issue chat. If that's the case then they shouldn't be being air Europe.

I can see it getting bought out down the line.. didn't the boss of BA say consolidation would happen in the future?

This makes good reading GLA
https://www.google.co.uk/amp/s/amp.majorcadailybulletin.com/news/local/2021/08/07/87889/mallorca-tourism-balearic-flight-data-2.html

I hope this is the recovery in the sp... its been all over the place and I think governments are realising that we have to live with this covid and move on.. inflation will be the next thing to keep an eye on..

I think it will be reet... all these share movements happen with bp .. I think this share , maybe in time will come good . All it is with me I alway miss the bottom .. luck I guess. But as long as we all make a butty :-)

In the six months to 30 June, IAG flew 20.8% of 2019 capacity, as Covid restrictions continued to weigh. Revenue declined 58.2% to €2.2bn, with a strong performance in Cargo offset by a 72% decline in passenger revenue. Despite the overall declines, trends did improve in the second quarter with revenue up 77% from the same time in 2020.

IAG reported an operating loss of €2.0bn, an improvement from the €4.1bn loss reported last year. This was primarily due to cost saving efforts, which saw spend on operations decrease by 54.4%.

The group expects capacity to increase to 45% of 2019 levels in the current trading period, but passenger demand isn't expected to recover to pre-pandemic levels until at least 2023.

I work in the fuel industry and know for a fact how much more jet fuel is being delivered... iv said it before this share is a cert. Never mind the debt they have ..profits will pay that off in the future. The pent-up demand for travel is enormous.

Anything past this I'm.back in the green.. I certainly picked the bottom wrong here the other week. But I suspect it will continue up. I bought 3k at 1.70 so all not bad.
Good luck all.

This is ticking up on news we will be last to hear I suspect. ....

It looks like a trend... and hopefully will lead to the US opening up.

I'll show my arse on the town hall steps if this isn't over £2 soon

Some news is put that we will be last know about... its not just the market rebounding. I called the bottom at 1.95 and so hats off to the guys who bought lower .. never the less this will recover for profit .. just look up and you can see more white streaks these days.

https://www.bloomberg.com/news/articles/2021-07-15/biden-says-his-covid-team-is-weighing-lifting-europe-travel-ban

Someone fancies this tomorrow with that 9 mil trade.
I really think this is going to bounce .. its so hard calling the bottom I called it at 1.95.. then bought in 3k at 1.70..
Good luck all .

Retirement _plan I agree with you, there is so much money swishing about and the demand for air travel, especially to the USA is massive. I'm down from 1.95 and bought another 1k this morning. If BA fails then you could basically say the whole stock market will too. So much relies on aviation. Manchester Airport new T2 opened today with I another thing to consider .
Pandemics last about two years and we are well into this now, vaccination is rolling out well and all these increases are due to the kids not getting them and idiots who are anti vaxers. Plus today whatever shapps says today, you still wo t have to quarantine so long as you have had your two jabs and those kids who want to go ibiza and magaluf.... well I think they will be flying down to get their jabs this week. Makes me think there is a plan somewhere there ?
Keep cool chaps .. this is the only share on the ftse ready to make plenty money on... dont forget also they arw doing well in the cargo business.

Some folks are making a fortune on this today.. and the thing is .. its going to shoot up over the coming weeks ..
Good luck all .