ICAGY's a stock I've watched since last year during the COVID downturn. All airlines fell but rose back to their normal levels EXCEPT for ICAGY. On paper, it seems pretty solid. It's a conglomerate of British Airways and Iberian Airways (the crown jewels of British and Spanish governments), and a few other budget and smaller-cap airlines.
As far as I can tell, the only reason it hasn't risen is because European nations have had a much more difficult time recovering travel-wise. Different restrictions to countries, as well as the British government putting the United States on the red-list because of a high COVID danger, means that they can't generate as much revenue.
I'm trying to understand what investors aren't seeing in ICAGY that they saw in companies like Jetblue and United? Well established airlines that are a little further in their recovery cycle than the U.S. ones, but can be just as strong when a recovery is finished. I don't think the British or Spanish governments are going to let their flagship airlines go under. Help me. What am I not seeing here?
Submitted May 24, 2021 at 06:20AM by dandostar https://ift.tt/3fdsMLf
