Originally Posted by
wisecaptain
IAG has been buying back its own stock for a decade known as stock buybacks, annually Euro 500million minimum.
If they want to survive , they must be forced to go to raise capital , they will have to dilute their stock as necessary to survive .
IAG has €7.2B in cash reserves, €9B including credit facilities.
EasyJet said it has a £1.6bn cash balance, an undrawn credit facility of $500m (£402m) and mortgage-free aircraft worth £4bn. Ryanair paraded cash and cash equivalents worth €4bn. IAG said it has €7bn in cash plus €1.9bn of finance facilities. It not clear how quickly those resources would be depleted during an extended period of no flying, but at least the companies seem to have the right approach: they know their own funds are first in line.
https://www.theguardian.com/business...ut-of-airlines
Originally Posted by
wisecaptain
Why should tax payers have a stake in IAG ??
Who says the taxpayers have to step up for IAG?
A row has erupted between Virgin Atlantic and British Airways over calls for a £7.5bn state bailout to protect airlines from collapse as the industry is ravaged by the coronavirus pandemic. Virgin Atlantic, backed by billionaire businessman Sir Richard Branson and US giant Delta, has asked for emergency loans from Whitehall - but the owner of long-term rival BA has insisted no further aid is needed for carriers. https://www.telegraph.co.uk/business...e-coronavirus/
IAG have cancelled payment of their final dividend to shareholders, another airline payed out ~£170m.
"Wisecaptain" .........Some light reading for you:
https://www.iairgroup.com/~/media/Fi...nts%202019.pdf
IAG are likely to be the last ones standing