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IAG: Delicately Balancing
its Finances — April 2022

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IAG’s policy throughout the pandemic has been to rely on private finance rather than seeking huge amounts of state aid. Where does this leave IAG now?

Over the two years (2020-21) IAG has produced total underlying operating losses of €7.4bn and net losses of €7.8bn — including exceptional items that loss totals nearly €10bn — while it only recognised an average of €8bn in revenues a year, 30% of its 2019 peak.


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