The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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.
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.
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.
There is currently too much focus on the handful of flights that have been cancelled. The fact that airports are crowded to capacity has to indicate that airline revenue generally is going to be significantly higher. Empty airports are the biggest fear for airlines.