RE: Airlines axe summer flights23 Mar 2021 07:25
European flights will be fine this summer, IAG will NOT need another rights issue, the bond issue is only as a precaution , in case of a protracted ban on flying, they have plenty of money in the coffers at the moment. Cash burn has been reduced to 80m p/week and any sign that US is open to the UK will stop the cash burn completely.
We are only in March, end of March, june is still a long time away..
Share price might even be green today after such a big fall. So, not all is lost.
Keep the faith a buy on dips if you can.
DYOR, all IMO.