Very positive announcement30 Apr 2020 13:59
Today’s announcement to reduce pilots by 25% equates to a long term 25% reduction in BA capacity so considerably less across the whole of IAG. Considering the shares were trading on three times their current value the long term growth potential for IAG share is enormous. I expect shares to double in value within 2 years even in the worst case scenario! The painful restructuring IAG are carrying out will make the company much more profitable than it previously was even if its smaller in size.