Exclusive-BA-owner IAG looking at options, but not a rights issue

Published by
Reuters UK

LONDON (Reuters) – British Airways owner IAG is examining all options to cope with a volatile business environment, but does not need a rights issue for now because it can see bookings recover, its boss said. Chief Executive Luis Gallego told Reuters the airline was recovering from the turmoil of the pandemic but that in an uncertain environment it would be negligent not to look at different scenarios and how best to address them. “We don’t have a plan right now to do a rights issue because in the current circumstances that we have, we see the recovery of the business, we see the high level of…