LONDON, May 11 (Reuters) - British Airways owner IAG
has exhausted every avenue to shore up liquidity and
its cash is reducing at a significant rate, its chief executive
said on Monday.
"The liquidity that we have is reducing because the cash
that we have is reducing," Willie Walsh told a parliamentary
committee hearing.
"We've probably exhausted every avenue that I can think of
at this stage to shore up our liquidity. The cash has been
reducing significantly and that will be the case as we go
through May, June and July.
"We're not taking in any revenue."
(Reporting by Sarah Young and Kate Holton; editing by Michael
Holden)