Originally Posted by
777JRM
If true that IAG liquidity stood at €10.5 billion pre-Covid, and stated cash-burn of £20m per day, that equates to survival of approx 1 year.
Further, if needed, Qatar have said they would inject more equity into IAG, since they view it as a long-term investment.
The cargo revenue goes to an entity called IAG Cargo, so even though BA flies it, this profit is not attributed to BA.
WW interchanged IAG and BA numbers to suit his arguments, and he wasn’t called out on it.
Some of that cash is also likely to be money for tickets already paid for, and a fair bit of it is likely to need to be refunded.