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Breakingviews - IAG takeoff weighed down by debt dilemma

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Breakingviews - IAG takeoff weighed down by debt dilemma

Flying a jumbo jet with a heavy load can make for a tricky take off. That's the situation British Airways-owner IAG is in. Its $11 billion net debt pile, a legacy of an epic collapse in revenue during the pandemic, is tangibly more than its $9.4 billion market capitalisation. That leaves boss Luis Gallego with a dilemma – execute a quick and painful fix via a big rights issue, or take a gradual journey back to health.

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Breakingviews - IAG takeoff weighed down by debt dilemma

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Breakingviews - IAG takeoff weighed down by debt dilemma

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