Member Info for Skindle

Oil, as I mentioned earlier, it is the rising price of oil (up 3.5 per cent) that is doing the damage unfortunately. When the price of oil drops our share price increases and visa versa.

'IAG has been reporting hefty losses over the past two years but is hoping to escape the red for the first time since the start of the pandemic in the second quarter, although it faces a big challenge. IAG's capacity was equal to just 65% of pre-pandemic levels in the first quarter and the airline is hoping to increase this to 85% over 2022 as it looks to pounce on a surge in demand for travel this summer, but rising costs across the board and a severe shortage in staff threatens the industry's ability to fully capitalise on the anticipated recovery this year and return to profit.'

Ever since the price of oil began rising in mid February our share price has declined in response. Until there is a sustained fall below one hundred dollars a barrel, I fear we will continue to struggle to make progress.

I see you are taking your lead from Tyson Fury. As the author of POTY, you are pledging to retire as the reigning champion.

Oil, I am under water like you, let’s look forward to the next positive move up. AC777 has been very accurate in his recent forecasting so definitely a poster we need to take direction from. As regards BA and flight cancellations, I see this as a positive move by a company that is not now operating unprofitable flights just because it owns the take off and landing slots. I am hoping that they are taking the decision to run say seventy five per cent of their take off and landing slots at break even or profit rather than utilising the full quota and suffering unnecessary losses.

I completely understand your frustration Oil but ironically the price of oil is in part the cause of recent general divestment. Had you waited until the end of trading today, you would have seen that anything travel related including Boeing, Rolls Royce, General Electric and EasyJet all fell in line with IAG. We are clearly now into correction territory, we just need to find the floor of this correction.

Thisismoney has chosen not to cover this article. Far too positive for their liking.

https://simpleflying.com/british-airways-exceed-pre-pandemic-airbus-a380-operations-september/

I believe this to be the same media outlet that forecast an imminent rights issue last September. The British press in general do appear to making it their job to report negatively about British Airways recently, and in some cases with good reason. To balance out this negative chatter Mr Gallego recently spoke very positively to CNN about the prospects of IAG. I am therefore more inclined to listen to our chief executive than the Daily Mail.

Livestock, thanks for that information, is that new coverage a reiteration or an upgrade ?

A positive interview in the financial media with Luis Gallego over this weekend would further boost post Easter prospects, similar to the Times article last September quashing rumours that a rights issue was imminent.

Great credit is due to Nate9076 and AC777 for forecasting this uplift, well done and thank you.

Oil is up over four per cent again today, back over the one hundred dollar mark.

Now down below one hundred dollars.

AC777, your forecasting has been excellent, many thanks.

Thanks for the article Nate9076 but I’m not a subscriber to FT unfortunately. What is the jist of the article ?

Bobbins, I read the POTY 22 to my wife and she absolutely laughed her socks off because it really trivialised the event for what it was. You would make a superb stand up comedian, but keep it clean ! I wish all of our hardened posters/investors a good weekend and hope for some improvement next week.

Well, that officially ends the seven day decline but a 0.28 pence rise in relative terms still represents a further fall in my opinion given the 118 point rise on the wider ftse 100 today of which IAG is a constituent. In recent times AC777 has been very accurate in forecasting, I really hope the post at 15.43 today is as accurate.

No real lift in the share price despite a strong start to the wider markets. Will this turn into an eighth day of decline ?

That is the seventh consecutive day of a falling share price. When will this end ? The share price is longer representative of the true value of the business.

And the relevance to IAG is what exactly ?

Trades today. 9,867
Vol. Sold 8,705,524
Sold Value £11,813,459.86
Vol. Bought 14,996,647
Bought Value £20,283,858.78