- "IAG is planning a meaningful return to service in July w/a planning scenario that could see an overall reduction in passenger capacity of c.50% in 2020"
- cash &undrawn facilities of 10bn euros at April 30
- cash burn down to 200m euros a week from 440m
IAG does not expect passenger demand to return before 2023
Revenue: 4.58bn euro Vs. 5.29bn (2019 Q1)
Op result: -535m Vs. 135m
otp.tools.investis.com/clients/uk/int…
While no change (yet) to the 200 Boeing 737 MAX orders, Air Europa deal to be renegotiated at a lower price
"My crystal ball tells me the mix is going to be different": CEO Walsh
Ominous.