29/05/2020

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International Airlines Group scraps annual dividend | News

Worldwide Airlines Group has scrapped a planned dividend for shareholders in the wake of the...

Worldwide Airlines Group has scrapped a planned dividend for shareholders in the wake of the coronavirus pandemic.

Stephen Gunning, chief money officer for the company, claimed all financial gain for the money 12 months would now be allocated to the voluntary reserve in get to secure the liquidity of the company.

A ultimate dividend of .seventeen euros per share experienced beforehand been proposed.

At the very same time, the IAG board has solved to delay the day of these kinds of annual shareholders’ assembly, at first scheduled for June, until the close of September.

IAG-owned British Airways is expected to furlough as numerous as 36,000 staff later, possessing greatly slice solutions through April and May perhaps.