PPRuNe Forums - View Single Post - IAG: BA restructuring may cost 12,000 jobs
Old 1st Aug 2020, 11:53
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777JRM
 
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kungfu panda

The rights issue hasn’t happened yet.

Here’s a hard fact (they are not allowed to lie or spin to the City):

"IAG continues to take action to strengthen its balance sheet and liquidity position including more than halving its operating cash costs and significantly reducing its capital spending. At the end of June liquidity stood at €8.1 billion.Based on our current capacity planning scenario, we would reach breakeven in terms of Net cash flows from operating activities during quarter 4 2020.”
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