IAG long-term fleet cuts “drastic” compared to other carriers – Jefferies 

IAG plans announced early in May to reduce the size of its fleet over the next two years is “drastic” in comparison with other major carriers, according to an equity analyst note by Jefferies. Jefferies US Aerospace & Defense Electronics analyst team last week  published a research note titled, Commercial Aero Implications from Airline Reports, which looked at the disclosures of 19 airlines and one lessor (AerCap) during the Q1 results season. Jefferies pointed out that while 2020 would see the parent firm of Iberia and British Airways take six fewer airplanes than planned, much bigger cuts are on the table in the long