RE: Virgin Atlantic - IAG8 Aug 2021 00:11
Virgin Atlantic is in a precarious situation because of their reliance on pond crossings, have a gander at the flights that BA are sending to the UAE, Hong Kong, India and the Caribbean. Look at what Iberia are doing, the European flights from all IAG companies are doing very well. In 2019 IAG turned over 6.5 billion in the third quarter, if you multiply that by 45% it is looking tasty. If things continue as they are there will be no cash calls. Covid is not going away and we have to learn to live with it, life will return to normal and IAG are poised to take advantage of the pent up demand. Trust me, you can’t run an airline with Gov’t influence on the board, IAG will be the dominant airline in Europe and the preferred carrier for pond crossings, just like the good old days but without the excess costs.