By Joanna Plucinska and Rajesh Kumar Singh LONDON/CHICAGO (Reuters) - North American tourists thronging the streets of Europe's top destinations are set to fuel healthy earnings...
DUBLIN (Reuters) -Ryanair on Tuesday resigned from an industry group set up by the British government to help implement its aviation strategy, dismissing it as a "talking shop"...
By Sergio Goncalves LISBON (Reuters) - Keeping Lisbon's airport hub and safeguarding TAP's strategic role for Portugal will be key conditions of the airline's upcoming...
MADRID (Reuters) - Irish airline Ryanair is keen to buy the slots International Consolidated Airlines Group (LON:ICAG) may be forced to dispose to get its planned acquisition of...
Investing.com - U.K. stock markets traded higher Friday, helped by the improved global sentiment after the U.S. debt ceiling bill passed through Congress, averting the possibility...
need to cut debt and need to become more profitable in order to keep the shareholders happy
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Load up on the dip if you’ve got liquidity. IAG’s ($ICAGY) 825 (€) bond issued today is more positive than negative. We all know airlines are now recovering and they’ll need funds to make that happen. The US and France not making the green list this go-round put them in a tough spot. I’m guessing, it forced their hand, but it might even have been done to send a message to government heads. “Hey suits; expand the green list or subject the industry to more pain; making recovery harder, if not near impossible”. Who knows? But the fact is, today’s bond issuance means there’s no further share dilution, and shareholders aren’t directly affected. Sure, they’ll be panic selloffs and stop loss dumps, but the bond isn’t the problem. It’s not even due until 2028. The pandemic will have passed long before then and airlines recovered. The few opportunities this fiasco has offered will pass as well.So, be smart about it and BUY the dips and wait it out.
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How can this seemingly stable although troubled large airline company pay a 35% annual dividend?