Member Info for sundezena

Much of the bottom line loss was blamed on a pre-tax charge of just over €3bn on fuel and foreign exchange hedge accounting being discontinued, writedowns on the value of its fleet and restructuring costs.

The bulk of the sum, however, was down to a cash burn of almost €80m a week.

In the case of British Airways - IAG's flagship airline - it has shed around 13,000 staff and scrapped its entire fleet of Boeing 747 Jumbos as part of efforts to shape itself for a post-crisis rebirth

This is from sky news..https://news.sky.com/story/covid-19-ba-parent-demands-international-action-to-reopen-skies-as-it-dives-to-6-5bn-loss-12229247
Good luck all...looking forward to more investors jumping in Reddit style.
All IMO.

I personally bought in yesterday, I always go against the tide, there is a lot of negativity here and that is a good sign to get in.
All IMO.

cash burn is running at Euro 80 million a week, that is an improvement on the 220m per week reported a while ago..that is a positive. Total cash stands at over 10 billion euros, tha is also positive.
Up day today IMO.

What if cash burn has dropped so much that the share price takes off tomorrow?? Furlough money used wisely i think...This might surprise upwards I think, it will catch a lot of people out..and to take part in the next leg, investors will need to jump back in making the price go even higher...With job cuts and almost everyone on furlough, cash burn is down, for sure.
Good luck to everyone tomorrow.
all IMO.

bought more now..it will go back green...BofAmerica upgraded price to 2.30..
good luck to all...

As I mentioned yesterday, sudden move to 1.30 now..hold and enjoy!!
IMO!!!

Linkop, it had to start moving...easily going to get to 1.30 soon..when we get there, I will evaluate the state of the economy as far as reopening is concerned..tomorrow we should see more gains in the ftse...
Happy days ahead..
IMO.

Linkop, RR is heading north and it will be a sudden move, I would say not to trade it daily, just leave it...As flying restarts, RR will follow up.. IAG will reach 2.50 by year end. A380's getting ready!!! that is a positive. I guess millions of people will go on hols very soon. Any news on UK-US travel, it will take off. And Norwegian , GONE.
These shares at these prices does not happen very often.

Linkop, I know , I have followed IAG for yrs and the board...I am still in IAG coz a bigger rise is coming.......so I am just waiting to maximise profits there.. This wil be very good medium term...You will make loads quickly..
Well done for IAG.

You are late to the party. Bought last week at 94p.
Ahahahah

I guess, as they announced no bonus for staff, that is why an almost non- existent divi...they did not want to look bad towards their staff and at the same time they had to start a divi payment..
Too low I think.. IMO.

EX div on 15/4...paid on 25/5..

reason for drop is £ strength...That's all....tomorrow we might go up if POUND pauses..
1.4109 with dollar.

my assumption, sixth sense...i have a very good feeling about a Wednesday RNS.
Good luck to everyone. DYOR.

RNS coming tomorrow morning...we should be heading higher.. All info IMO.
should be over 40p. good luck to everyone..

Bottom should be near 93p or just under...the bounce upwards will be sudden..thats why i bought a lot more just now, just under 95p.. time will tell...good luck all..

done?? lets talk about IAG now..it is IAG board after all!!! Only kidding!!.IAG will fly too, only a matter of time now..

Arms999, the £36.00 annual fee will only apply from next April(2022) but the lower trade charge of £9.50 is from this year.

well done Irish Renegade.. and good luck..I am holding because I bought in very low....and very soon it will take off for a reasons but I am not going into detail..Everyone has a different strategy, my strategy is to buy low and be patient. I have always made profit. It works for me.
I think this is a golden opportunity and no second rights issue is on the cards!!!

it's flying now..
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