• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

IAG in favour of issuing new shares to increase liquidity

31st July 2020

IAG in favour of issuing new shares to increase liquidity Pin It

The IAG airline, a parent company of British Airways, among others, wants to raise nearly EUR 2.8 billion with a new share issue to withstand the COVID crisis. In the first half of the year, the company suffered a loss of billions due to the effects of the pandemic, which made international air travel virtually impossible.

With the proceeds of the issue of shares, IAG aims to reduce its enormous debt burden and to improve liquidity, in other words the ability to meet short-term financial commitments. The group’s net debt has increased by EUR 3 billion since the turn of the year to a total of EUR 10.4 billion.

In the first six months, IAG’s turnover, also the owner of Iberia and Vueling Airlines, fell by 56% to EUR 5.3 billion. The company then suffered a loss of EUR 3.8 billion. The main shareholder of IAG, branch Regent Qatar Airways, has already agreed to the proposed share issue. Qatar Airways accounts for over 25% of IAG. The capital issue should be completed by September.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

London Stock Exchange in…

In Money Matters

London Stock Exchange in talks to sell Borsa Italiana and MTS bond trading platform

View Post

Next Post

France recorded the steepest GDP…

In Foreign Affairs

France recorded the steepest GDP decline ever measured

View Post

Boris Johnson

In Domestic Affairs

Boris Johnson comes with the long roadmap from the lockdown

View Post

In Money Matters

Moody’s expects lower bounceback for Eurozone and Britain

View Post

In Money Matters

EU zone economic confidence reaches 93.4 with the reasons for euphoria still to uncover

View Post

In Money Matters

IAG advocates the digital ‘testing and vaccination passports’ for passengers

View Post

Newsletter

Latest News

View

Printing and design companies in US and UK heavily affected by the crisis

1st March 2021

View

Alex Salmond causes unrest in troubled Scottish government

27th February 2021

View

Flat opening on Friday US markets

27th February 2021

View

IAG advocates the digital ‘testing and vaccination passports’ for passengers

26th February 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]