Last week, International Airlines Group, which owns British Airways, Iberia, Aer Lingus and Vueling, posted a loss of €2.035bn for the six months to June 30, 2021, compared to a loss of €4bn in the year-ago period. Total revenue for the half year period drop to €2.2bn compared to €5.288bn in 2020. IAG has cash of €7.7bn at June 30, 2021 as well as committed and undrawn general and aircraft facilities of €2.5bn, bringing total liquidity to €10.2bn. Liquidity was boosted by IAG’s drawdown of previously committed borrowing for British Airways (£2.0 billion UK Export Finance) and Aer Lingus (remaining €75 million drawn against Ireland Strategic Investment

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