IAG sinks to 3.8-billion-euro first-half loss on virus 31 July 2020 - 09:24

IAG, the owner of British Airways and Iberia, sank to a 3.8 billion euro ($4.5 billion) net loss in the first half as coronavirus ravaged global travel demand, it said Friday.The London-listed airline conglomerate also unveiled plans for a capital increase of up to 2.75 billion euros in its results statement, as it seeks to navigate the "devastating impact" of COVID-19.

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