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Basically down from 160.00 high on the 9th February 2022 to the last close at 102.00
This has to be a serious situation for the group and perhaps some major structural changes need to be made to the groups structure fairly urgently.
I believe the debt is around the same level as its market capitalisation. Can anyone confirm this?
It is entirely of their own making and the deafening silence from doyle is telling
IAG debt is just north of E10 billion. About double that of 2020.
Capitalisation just over E5 billion it seems. This from memory and my figures need to be checked
If correct I would suggest that IAG will need to be broken up as recovery from this position is unlikely given the dead wood within the group.