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International Consolidated Airlines Group SA

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ICAGY trade ideas

IAG D1British holding company International Airlines Group, which owns British Airways, said American Express is willing to pay £ 750m ($ 955m) to renew the partnership, which will provide the cash-strapped airline with long-awaited funding. The pressure on airlines has not eased and they are still suffering losses, despite the relative stabilization in aviation after the release of quarantines and the resumption of flights, albeit in limited numbers. In some destinations, limits are still in effect, and customers are experiencing ongoing anxiety. The pandemic hit the IAG, leading to media speculation that it may need new capital. At the end of April, the company announced it had 10 billion euros ($ 11.6 billion) in liquidity, but it is losing 200 million euros each week. Even if the £ 750 million partnership deal doesn't save the company, it will give it a break. The multi-year agreement with American Express payment company implies that the latter will pay the IAG for the purchase of Avios, which members of the bonus programs can use to buy tickets. Meanwhile, IAG shares were down 1.7%, or 205p, and lost 67% of their value in a year. The IAG, which also owns Iberia, Vueling and Aer Lingus, is due to release its second quarter results on 31 July.
LSE:IAGLong
by fx_space_coach
Long from support 192$ and Target 280$ to 350$ ( Monthly Base)Under correction wait for support level 192$ for long. Mostly Airline under pressure due to o lockdown, end of the year expecting back to normal all airlines but a long way to recovery pre-COVID. If 2nd Locksownd then we will go multi year-long way downside 150$ 🛑SUPPORT/RESISTANCE ✅S1= 192$ ✅S2=160$ ✴️R1=245$ ✴️R2=300$ Please like, share, comments and follow me to get daily base analysis. Thank you for your support, I appreciate it.
LSE:IAG
by Allmypips
Long term AIG Trade 30/06/20After a very successful day of trading for US airlines (the majors all between 6-10% gain), I expect LSE:IAG will follow this week and longer for a number of reasons. Firstly, during the airline bubble on the 4th and 5th of June, AIG followed, but lagged behind, starting the fast increase in stock price on the 8th, following the normal trend of the UK market lagging behind/following the US. I suspect the same will happen starting from open partly for the same reason. Boris Johnson announced towards the end of last week that UK travelers did not have to self quarantine upon returning from certain European tourist testinations. On top of this, coronavirus cases in Europe have continued to decrease making travel more desirable (bare in mind US airline stocks are increasing despite the sudden increase in coronavirus cases in the US).
LSE:IAGLong
by PriceHoldings