According to Reuters, the funds will help with the airline’s finances during the pandemic. Although lockdown measures have eased and flying has restarted, the pressure remains on airline companies like IAG, as travel is still at less than half of pre-pandemic levels.
Moreover, IAG’s finances, which were severely affected during the COVID-19 crisis, led to media speculation that it could need to raise new equity. Therefore, it was reported that at the end of April 2020 the company had USD 11.6 billion of liquidity.
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