Bullish Short TermGiven a Vaccine approval by the UK, I have more confidence now with the route to Normal. LSE:IAG is backed by Qatar airways with around 25% stake with VIP board seats (Being demagogic).
In recent years 2016-2019, this company has been buying back shares increasingly more with yet even more in 2019.
2020 was a truly testing year with getting and IAG was probably the worst to suffer relative to major airlines, where NASDAQ:AAL American airlines is only down 48% YTD.
This stock had the Right Issue at 88gbx Valuation to impacted investors which makes this stock up around 85% from its Low.
With flights closing the 2019 gap from COVID, 2020 Start higher than 2019 till March happened.
Note: I have BUY position in this stock as indicated on the Chart.