RE: Credit Suisse analysts believe IAG has about four more years of cash-burn coverage so no need for RI15 Sep 2021 22:25
"In a conference call on July 30, IAG CFO Steve Gunning said that the group was burning through EUR270 million a week, more than earlier this year, which is eating through its liquidity, reported as EUR10.8 billion (USD9.25 billion) at the end of July. The EUR12.1 billion net debt is up from EUR9.8 billion (USD8.4 billion) in 2020."
this is part of the article...if one looks closely, these people cannot even translate Euros into dollars...example, Euro10.8b of liquidity equals $12.76b...Me think whoever wrote it should go back to school!! dyor.