The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Take 20 mins to listen to the Group CEO ... https://www.youtube.com/watch?v=HW_Ha3ZJ2fM
BB- you must have your winter trousers on as it's getting difficult to hear you.... only 9 posts this morning.... still coming to terms with your mid Sept quote.... "I am the boss, the god, the lord, the light..."...nothing not funny about that..... and you spend your time telling other people to be careful about what they write as it may come back and bite them? Not with those winter warmers on I'd suggest....
Much talk of tankers but no talk of how Heathrow and BA gets it's fuel in addition to having it piped in from the South Coast. Trains.......https://www.railfreight.com/railfreight/2019/10/03/trains-supply-fuel-to-london-heathrow-airport/?gdpr=accept
"As an addition, BA would normally fly 800+ sectors out of lhr a day " - afraid your wrong! They currently have 277 aircraft so it would mean each aircraft leaving LHR 3 times a day....a bit tricky for long haul. Your number needs to be halved....close but no cigar.
@Skindle.... re BA CEO and Chairman..... originally these roles were different people....what's changed is that the IAG Board now sits above the BA Board, now allowing the CEO/Chairman at BA to become one and the same .....
Hi @Skindle.... you are right that the share price and therefore the market capitalisation is down just over a third.....but I'm unclear why you then refer to the short term in year loss as a comparator? The market is looking long term and sees Euro 10bn in the bank/loans, restructuring of it's highest controllable staff costs, reduction of the 54 fuel heavy 747's, purchase of the 25% more fuel efficient 787 and A350's, new routes from the regions to USA (Aer Lingus), main low cost long haul competitor Norwegian strategy changed to stop transatlantic flying, purchase of Air Europa....I could go on.... it's in better structural shape now than pre pandemic ?
You can't be right all the time....
England is currently in a national lockdown and exercise is one of only a few reasons for which you are legally allowed to leave your home. The government have confirmed that angling is a permitted form of exercise. You can only exercise once a day and just for a short period
Speedbird 747..... This isn't the old BA share, it's IAG and they have a total of 570 aircraft! So 12 x A380's can't really be described as the biggest fleet problem they face? Looking at your call sign you've probably guessed that the real elephant in the room was the old 747s which thankfully they have retired earlier than planned.... great when launched but now very expensive to maintain and with 4 engines inefficient in comparison with the new twin engine 787/A350 fleets...
Ryanair results this morning look encouraging....
https://investor.ryanair.com/results/q3-results-fy21/
......and 9 million vaccinations a month going forward is only 300,000 a day, when we've just seen the vaccination capability has already stretched to double that yesterday....19% of population in UK are under 16 by the way....sooooo.... it's not impossible...
Agree with the sentiment of your posts but don't keep getting IAG and BA confused.... IAG has been around for many years now and is based in Madrid with a Spanish CEO and a new EU majority Board .... it strikes me it has an enviable business model and strategic position to whether this storm...
So we agree then....because growth in profit can only come from increasing revenues or cost cutting. Costs have now been cut to the bone as they restructured during Covid ( ask UNITE) , and as previously said the largest cost is Fuel which they can't control . The only way to increase revenue is to fly more and Heathrow is full ( 99%+) .....so you must agree that buying more slots and aircraft to fill them in other airports must be the answer..... IAG is a great model that Lufthansa and Ryanair have all said they are enviable of.... Mr O has openly changed his own structure to mimic it moving himself up to Group CEO, not Ryanair CEO....sounds familiar....
IAG is clearly stronger as a group and investors know and value this. If separated how would BA grow for the next 5 years? Heathrow's full ( all the slots are taken). Maybe buy a few airlines..... maybe form a group? You'd want to buy some big hubs maybe Madrid or Dublin, Barcelona? Unfortunately Frankfurt, Paris and Amsterdam are already taken?
This isn't something any investor who understands the IAG model would want. BA doesn't have the best operating margin ( Aer Lingus does) although of course BA makes more money as it's larger. As a group IAG is 6th largest in the world. You only have to look at Amazon and Apple to realise size matters. If you want buying power of aircraft and fuel ( the two most expensive items for IAG) then obviously it's cheaper to do that as a group, let alone slots and network. The positives of a group are plain for everyone to see so please don't wish it away ....
BA are using three tests including a 72 hr pre PCR test..... why say "inaccurate rapid tests" when that's not the case? They are working out what works best of the journey period...
https://www.independent.co.uk/travel/news-and-advice/test-covid-flight-passengers-british-airways-united-b1724499.html?amp_js_v=a6&_gsa=1&&usqp=mq331AQFKAGwASA%3D#aoh=16056461480577&csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.independent.co.uk%2Ftravel%2Fnews-and-advice%2Ftest-covid-flight-passengers-british-airways-united-b1724499.html