What do you think with IAG International Consolidated Airlines Group, S.A

📊 Investing
1

Hi Guys I already have a small position with EasyJet (EZJ) as well as US Southwest Airlines (LUV) which is currently doing well as I bought it early. I want to increase exposure to airlines due to recent Vaccine Approval.

What do you think with IAG International Consolidated Airlines Group, S.A.

It seems they are still far away from the pre COVID-19 price.
Unfortunately, I cannot find their 2020 financial situation. Presumably not much worse than other airlines
https://uk.finance.yahoo.com/quote/IAG.L/balance-sheet?p=IAG.L

Although in 2019 they still had more assets then liability its income was already in negative territory? In 202 is certainly much worse.

But they recently made 10.000+ job cut which will help them financially. Also, many analysts rated this UK stock as severely undervalued stock. Any thought on this? Do you hear any good news, bad news? Thanks

2

2 much debt, has to be paid back one way or another, no go for me

2 Likes
3

100% agree.

20 characters.

4

Yes it’s far from it’s pre-covid price, but don’t forget that there was a rights issue back at the start of September which made it look (on the graph) like it plummeted

1 Like