Willie Walsh’s Best Ever Year as IAG Crowned FTSE’s Top PerformerBack to Forum
Anonymous24 Dec 2013
Triples all round for Willie and his IAG team as he delivered the top performing shareholding in the FTSE 100, according to The Guardian:
“The fastest-rising share of 2013? The one that really took off? The surprise top performer in the FTSE 100 was IAG, the holding company for British Airways and Iberia, which started the year at just 194p but on 19 December was trading above 380p.” [at 31 December, it’s just over 401p]
IAG up around 110% since the start of 2013, AF and LH up just 2-3% over the same period!
Over the past 12 months, as reforms the Board implemented bear fruit, IAG has trounced its nearest European comparators, legacy airlines such as AirFrance/klm and Lufthansa, as can be seen in this chart:
Others will continue to attempt feebly to denigrate all that Willie has achieved at BA/IAG, but they have, resoundingly, been proven time and again to be wrong.24 Dec 2013
Shortly after Willie took the reins, just when his initiatives should start adding value, the BA price reached £5.75. After 8 years at the helm the price is now around £3.90. After 8 years he still has some way to go to merely break-even and that is excluding inflation and lost opportunity cost..
Good to see at least a part of the huge loss of value (upto 80%) incurred on Walsh’s watch has been recovered though. I have made a very nice bundle as purchased a tidy amount when Walsh took it down to £1.30 and beyond.24 Dec 2013
A terrific performance even in the last days of 2013’s trading year, up 5%:24 Dec 2013
It is indeed ,definitely good news SM….
Good to see a European company doing well.
Looking forward to the BA Bean Counters releasing some funds in order to invest in making their aircraft/airline a little safer.
Starting with upgrading their outdated flight deck computers.
Some extra flight crew training on how to read airfield charts.24 Dec 2013
SergeantMajor – 24/12/2013 13:15 GMT
A terrific performance even in the last days of 2013’s trading year, up 5%:
But has the JNB crash been factored in to this? I very much doubt it, that will ‘adjust’ things somewhat.24 Dec 2013
canucklad – 24/12/2013 14:01 GMT
If it works the same way as light aircraft insurance, they will pay out.
If the pilots were unlicensed, drunk, high etc, maybe not, but they weren’t, I’m sure.24 Dec 2013