IAG Share price

Old Oct 11, 19, 7:22 am
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IAG Share price

Any good reason for the leap in the IAG sure price today (up over 8% currently)
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Old Oct 11, 19, 7:25 am
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Originally Posted by quakered View Post
Any good reason for the leap in the IAG sure price today (up over 8% currently)


(Relatively) better news on the Brexit front ?
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Old Oct 11, 19, 7:25 am
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Deal struck with BALPA?

Last edited by deboyzoned; Oct 11, 19 at 8:37 am
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Old Oct 11, 19, 7:26 am
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Originally Posted by quakered View Post
Any good reason for the leap in the IAG sure price today (up over 8% currently)
* Speculation *

The pound is up on the hopes of a Brexit deal, the city seem to think a deal is more likely than they previous thought.

I assume a brexit deal would be good for IAG.
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Old Oct 11, 19, 7:26 am
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Originally Posted by quakered View Post
Any good reason for the leap in the IAG sure price today (up over 8% currently)
hi.

I suspect the news on progress on brexit talks so the chances of a hard brexit are reducing

regards

tbs
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Old Oct 11, 19, 8:05 am
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News has got out that I booked a ticket.

Must be related to the pilots dispute.
JAXBA, T8191 and fripperies like this.
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Old Oct 11, 19, 8:06 am
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Originally Posted by quakered View Post
Any good reason for the leap in the IAG sure price today (up over 8% currently)
Many other companies have seen a similar uplift [BT +6%, BARC +7%, for example] today, so this isn’t necessarily IAG-specific.

Deal struck with BALPA
Just a reminder that FT posters are encouraged to indicate whether their statements are reporting fact or expressing a personal opinion. It kinda matters here.
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Old Oct 11, 19, 8:17 am
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It’s related to the Brexit negotiations. Other airlines up too (and other uk stocks).
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Old Oct 11, 19, 8:31 am
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Originally Posted by oxtailsoup View Post
Itís related to the Brexit negotiations. Other airlines up too (and other uk stocks).
That plus a more positive feeling re US-China trade discussions.
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Old Oct 11, 19, 8:34 am
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CEDR ruling in their favour on the Trent engines issue.
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Old Oct 11, 19, 8:37 am
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Originally Posted by Oxon Flyer View Post
Just a reminder that FT posters are encouraged to indicate whether their statements are reporting fact or expressing a personal opinion. It kinda matters here.
Edited... was missing a question mark
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Old Oct 11, 19, 8:58 am
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BA/IAG share price has often been out of whack with developments... e.g. good annual results? price goes down...
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Old Oct 11, 19, 9:17 am
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Originally Posted by HIDDY View Post
News has got out that I booked a ticket.
I've been looking at tickets for the last while. I'll soon be spending several thousand USD. Word get around!

Back to reality, this is good news for me! I own a number of ICAGY stocks. They hadn't been doing well since the time I bought them, until today.
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Old Oct 11, 19, 9:45 am
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Not sure if it's related, but the Times has an interview with Walsh today where he says that a deal with the pilots is in reach.

Some interesting quotes:

“I think I understand their issues probably better because I used to be a pilot, so I can appreciate some of the concerns they have expressed better than people who have not been in that role. I have sympathy for some of the issues that they raise. The frustrations they have raised are genuine. If I were there, I would probably want to address those.”

“Alex is the chief executive. He is the boss. He has the responsibility to manage these issues.”
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Old Oct 11, 19, 11:56 am
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Walsh was also speaking about reducing capacity or lowering capacity forecasting in line with economic changes. Capacity forecast down from 4% to 2-3%

Meanwhile Norwegian cut their flights by 20% from a forecast of 10-15% growth. That is quite a swing.

More of this on the evening standard both online and print.

https://www.standard.co.uk/business/...-a4259491.html

Willie Walsh, chief executive of British Airways owner IAG, today said he predicted airline capacity growth would slow to 2% to 3% in 2020 in the face of global economic stormclouds.

Given that he recently warned IAG's capacity for this year would turn out to be about 4% compared with the previous plan of 5%, his words are bound to fuel speculation he is softening up the market for a bigger cut next year.
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