As we know the aviation sector is bleeding world wide and we had written about it earlier also and warned not to enter this sector as one can get into value trap and may be saddled with huge losses in the portfolio.
We are referring to Interglobe aviation which runs Indigo and is in a downtrend as lockdown is affecting all the sectors and in the particular aviation sector is saddled with losses. Even they have to run ghost flights which means empty flights just to keep their slots occupied at major airports.
Have a look at the stock chart below and you will realise that it is in a falling trend channel.
It is advisable to use the stock tips for intraday as it can help you develop an extra stream of income for you throughout life.
As it is we have seen how Virgin Australia aviation company is on the brink of bankruptcy. Watch the video below to understand why you should keep yourself away from the aviation sector as a whole. Presently we can not say that which is the best stock to buy in the aviation industry in this Corona era period as any extended lockdown and social media norms may put the last nail on the coffin of all aviation companies business.
While Deloitte, as an administrator, seeks to find new money to restart the carrier, it's also going to be restructuring the airline's debts. Since Virgin Australia reportedly owes about US$10 million to the Perth airport in unpaid fees, the airport decided to block a Boeing 737-800 from taking off as a way of physically securing their claim - using a bulldozer.
The Perth airport, which has taken liens against four Virgin Australia planes, also blocked an Airbus A330 with a vehicle. These aren’t planes Virgin Australia is currently using. If they emerge from the administration they aren’t likely to need their full fleet anyway. However physical ‘possession’ of the aircraft is meant to secure the airport’s negotiating position as it seeks payment of charges due.
The video on Virgin Australia will load below this line.
For information as on publication of this article with respect to aviation laying off its employees::
-Virgin fires more than 3000 people including 600 Pilots
-Finnair returns 12 planes and lays off 2,400 people
-You grounds 22 planes and fires 4,100 people
- Ryanair grounds 113 planes and gets rid of 900 pilots for the moment, 450 more in the coming months
- Norwegian completely stops its long-haul activity!!! The 787s are returned to the lessors.
- SAS returns 14 planes and fires 520 pilots... The Scandinavian states are studying a plan to liquidate Norwegian and SAS to rebuild a new company from their ashes
- Ethiad cancels 18 orders for A350, grounds 10 A380 and 10 Boeing 787. Lays off 720 staff
- Emirate grounds 38 A380s and cancels all orders for the Boeing 777x (150 aircraft, the largest order for this type). They "invite" all employees over 56 to retire
- Wizzair returns 32 A320s and lays off 1,200 people, including 200 pilots, another wave of 430 layoffs planned in the coming months. Remaining employees will see their wages reduced by 30%
- IAG (British Airways’ parent company) abandons the takeover of Air Europa (and will pay €40 million compensation for that).
-IAG (Iberia) grounds 56 planes,
-IAG (British Airways) grounds 34 planes. Everyone over 58 to retire
- Luxair reduces its fleet by 50% (and associated redundancies)
- CSA abolishes its long-haul sector and keeps only 5 medium-haul aircraft
- Eurowings goes into bankruptcy
- Brussels Airline reduces its fleet by 50% (and associated redundancies)
- Luftansa plans to ground 72 aircraft (in two installments)
- Hop is studying the possibility of reducing fleet and staff by 50%
Additional info:
Currently 60 new aircraft stored at Airbus with no buyers in sight (order cancellations) including 18 A350s
They forecast a minimum of 8,000 grounded planes by September 2020. With an average of 5.8 crews per plane (medium and long haul combined), that would make more than 90,000 unemployed pilots worldwide.
The air transport industry is on life support.
We are referring to Interglobe aviation which runs Indigo and is in a downtrend as lockdown is affecting all the sectors and in the particular aviation sector is saddled with losses. Even they have to run ghost flights which means empty flights just to keep their slots occupied at major airports.
Have a look at the stock chart below and you will realise that it is in a falling trend channel.
As it is we have seen how Virgin Australia aviation company is on the brink of bankruptcy. Watch the video below to understand why you should keep yourself away from the aviation sector as a whole. Presently we can not say that which is the best stock to buy in the aviation industry in this Corona era period as any extended lockdown and social media norms may put the last nail on the coffin of all aviation companies business.
The Perth airport, which has taken liens against four Virgin Australia planes, also blocked an Airbus A330 with a vehicle. These aren’t planes Virgin Australia is currently using. If they emerge from the administration they aren’t likely to need their full fleet anyway. However physical ‘possession’ of the aircraft is meant to secure the airport’s negotiating position as it seeks payment of charges due.
The video on Virgin Australia will load below this line.
-Virgin fires more than 3000 people including 600 Pilots
-Finnair returns 12 planes and lays off 2,400 people
-You grounds 22 planes and fires 4,100 people
- Ryanair grounds 113 planes and gets rid of 900 pilots for the moment, 450 more in the coming months
- Norwegian completely stops its long-haul activity!!! The 787s are returned to the lessors.
- SAS returns 14 planes and fires 520 pilots... The Scandinavian states are studying a plan to liquidate Norwegian and SAS to rebuild a new company from their ashes
- Ethiad cancels 18 orders for A350, grounds 10 A380 and 10 Boeing 787. Lays off 720 staff
- Emirate grounds 38 A380s and cancels all orders for the Boeing 777x (150 aircraft, the largest order for this type). They "invite" all employees over 56 to retire
- Wizzair returns 32 A320s and lays off 1,200 people, including 200 pilots, another wave of 430 layoffs planned in the coming months. Remaining employees will see their wages reduced by 30%
- IAG (British Airways’ parent company) abandons the takeover of Air Europa (and will pay €40 million compensation for that).
-IAG (Iberia) grounds 56 planes,
-IAG (British Airways) grounds 34 planes. Everyone over 58 to retire
- Luxair reduces its fleet by 50% (and associated redundancies)
- CSA abolishes its long-haul sector and keeps only 5 medium-haul aircraft
- Eurowings goes into bankruptcy
- Brussels Airline reduces its fleet by 50% (and associated redundancies)
- Luftansa plans to ground 72 aircraft (in two installments)
- Hop is studying the possibility of reducing fleet and staff by 50%
Additional info:
Currently 60 new aircraft stored at Airbus with no buyers in sight (order cancellations) including 18 A350s
They forecast a minimum of 8,000 grounded planes by September 2020. With an average of 5.8 crews per plane (medium and long haul combined), that would make more than 90,000 unemployed pilots worldwide.
The air transport industry is on life support.
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