They weren't but I wonder if they slightly regret buying a lot of Thomas Cooks' slots?What about Jet2?
Are they at risk?
They weren't but I wonder if they slightly regret buying a lot of Thomas Cooks' slots?What about Jet2?
Are they at risk?
One problem for the airlines is their share ownership, and how you could restrict taxpayer support to "British" ones.
BA is part of IAG which has Aer Lingus, Iberia and Vueling in it.
Virgin Atlantic is 49% owned by Delta, Ryanair is Irish.
Interestingly, almost 1/3 of Easyjet is owned by its workforce, which provides a powerful incentive to keep going even when they are down to their last chip.
That I didn't know. Increases my respect for an already-good airline, does that.
EasyJet was founded by Stelios Haji-Ioannou.I’ve done some further research, and I may have made a rather embarrassing error. Around a third is owned by what is described as ‘insiders’, which I took to mean all those who were involved in the running of the company.
Unfortunately, a very significant proportion of this is people who have the surname Haji-Ioannou.
Apologies!
I’ve done some further research, and I may have made a rather embarrassing error. Around a third is owned by what is described as ‘insiders’, which I took to mean all those who were involved in the running of the company.
Unfortunately, a very significant proportion of this is people who have the surname Haji-Ioannou.
Apologies!
I remember when he used to be in their ads.EasyJet was founded by Stelios Haji-Ioannou.
EasyJet was founded by Stelios Haji-Ioannou.
That depends on your definition of normal. I agree the whole industry will take a hit, but I expect it to be running at something like 90% of pre-virus activity within weeks of travel restrictions being lifted.
I think he is the largest single shareholder
I'm somewhat inclined to agree. But I wonder if, with a number of airlines having gone bust, there will be less competition and that will lead to fewer flights and higher prices, as airlines figure that in a less competitive environment their interests are better served by more 'premium' tickets. That and the potential border restrictions that others have mentioned.
I'd imagine they've already booked x amount of advertising, once that has run its term it'll be interesting to see who is still advertising...The TV is still full of cruise and travel adverts (notably Turkey recently).
Makes you wonder why they are still screening them.
He is, just, with 11.7%. His brother and sister each own 11%.
I wonder how Boeing are faring as compared to Airbus?The Airbus delivery schedule for A32x neos runs to around an 8 year waiting list, and whilst many of those orders will be cancelled, many won’t.
I wonder how Boeing are faring as compared to Airbus?
My first stock purchase in a *long* time (outside of employer schemes) was 30 shares in IAG this week. Not going to retire on that any time soon, obviously, but (a) I think it's a good way to provide a tiny bit of support to a British* employer; and (b) I can't think of any many other ways to pretty be sure of turning £50 into £200+ in a year.**I was shocked at the size of the IAG cash pile, several of their big US competitors just spent their even bigger cash piles on share buy back instead. Oops....
Investment at the moment is much more a case of making sure you aren't holding anything likely to end up worth less on the grounds everything else should recover to an extent in the medium /long term.My first stock purchase in a *long* time (outside of employer schemes) was 30 shares in IAG this week. Not going to retire on that any time soon, obviously, but (a) I think it's a good way to provide a tiny bit of support to a British* employer; and (b) I can't think of any many other ways to pretty be sure of turning £50 into £200+ in a year.**
*Yes, I know they're legally based in Spain.
** Returns are not guaranteed, the value of investments may go down as well as up.
Alternatively, for Boeing:* Returns are not guaranteed, the value of investments may go down as well as up.
That's pretty much the basis on which I was working - IAG was trading at around 680p before the current crisis, and I bought at 205p.Investment at the moment is much more a case of making sure you aren't holding anything likely to end up worth less on the grounds everything else should recover to an extent in the medium /long term.
At least this gives them plenty of time to rewrite the software at homeAlternatively, for Boeing:
Planes are not guaranteed, their altitude may go down as well as up.
I saw a video yesterday that quoted reports that they plan to restart production before the end of April. So hopefully they have found all the bugs.At least this gives them plenty of time to rewrite the software at home
The problem for regional airports is the enormous fixed costs of maintaining security, customs, fire service, rates etc which has to be spread over a small number of flights.Will be interesting to see if we see regional consolidation of airports.
I imagine this will put the final nail in the coffin for a lot of borderline airports, including the much talked about but seldom used Tees Valley.
Virgin Atlantic is owned by 3 airline groups (Delta, Singapore, and AF/KLM) with only 20% owned by Branson. The health of VS relies on the health of its principal owners.
Virgin Atlantic is owned by 3 airline groups (Delta, Singapore, and AF/KLM) with only 20% owned by Branson. The health of VS relies on the health of its principal owners.
What about Jet2?
Are they at risk?
Norwegian are toast. If they survive this it will be a miracle.I'd be looking at heavily leveraged airlines as at risk- Norwegian, obviously, but also Lufthansa and KLM/AirFrance- as well as perennial basket cases like Alitalia.
If the holiday market doesn't recover later in the year, even if it's for 2021 bookings, they may get itchy. But Jet2 are not heavily leveraged and own a lot of their own planes (which is why their fleet age is so high). I wouldn't expect them to be the first to go. The Fowler-Welch logistics business also give them a little income in the meantime.
I'd be looking at heavily leveraged airlines as at risk- Norwegian, obviously, but also Lufthansa and KLM/AirFrance- as well as perennial basket cases like Alitalia.
If the holiday market doesn't recover later in the year, even if it's for 2021 bookings, they may get itchy. But Jet2 are not heavily leveraged and own a lot of their own planes (which is why their fleet age is so high). I wouldn't expect them to be the first to go. The Fowler-Welch logistics business also give them a little income in the meantime.
I'd be looking at heavily leveraged airlines as at risk- Norwegian, obviously, but also Lufthansa and KLM/AirFrance- as well as perennial basket cases like Alitalia.
Finally, the Fowler-Welch Coolchain business is massively exposed to a no-deal Brexit.
On that basis, Dart Group is not where I’d be putting any money.
Would Norweigan get bailed out by the Norweigan government or are they not the flagship airline?
they face is their French-ness, with all the financial baggage which that brings. If they were a Dutch company they would be in a lot better condition than they are. I really wish that BA had bought KLM rather than the merger with AF.