The leading network airlines group reported a heavy Q2 net loss and its H2 forecast has been revised downward. Nevertheless, IAG maintains its recovery expectations despite a more pessimistic market outlook. The group will call for a €2.75bn fund raising to cope with the health crisis.
05 Aug 2020
Defending the virus-hit business by underpinning the balance sheet
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Defending the virus-hit business by underpinning the balance sheet
International Consolidated Airlines Group SA (IAG:LON) | 169 -0.5 (-0.2%) | Mkt Cap: 8,311m
- Published:
05 Aug 2020 -
Author:
Yi Zhong -
Pages:
3
The leading network airlines group reported a heavy Q2 net loss and its H2 forecast has been revised downward. Nevertheless, IAG maintains its recovery expectations despite a more pessimistic market outlook. The group will call for a €2.75bn fund raising to cope with the health crisis.