I bought at €4,96 yesterday, figuring it could not get any worse... We are at €4,41 now. I am seriously considering to get some more, as I see this as a total overreaction to the news. Still a solid company with a solid profit prediction and now with a P/E ratio of 7.1.

I do understand the slight panic about the City perhaps cutting international travel but in reality I don't think it will happen anytime soon. A bigger worry is people postponing / changing the plans for their leisure travel and the weakening of the GBP, although I am sure that people will adjust to that new reality soon enough and it may even recoup some losses.

So, how do you feel? Buy? Hold? Sell? Did you act?

And what, if any, are your financial predictions for the short and medium term profitability of IAG?