Fernando Rodríguez | Ahead of the COP26, IOSCO, the international forum which encompasses 95% of global stock market regulators, is collaborating with IFRS, dedicated to developing standards for financial and non-financial information. The two organisations are working flat out to be able to present an ESG standard prototype, and its corresponding recommendations, to financial intermediaries at the conference on climate change to be held in Glasgow, Scotland, October 31-November 12….Read More
Renta 4 | This year we will see a deterioration in the airline business never before seen in the sector. We expect IAG to cut air traffic capacity by 48% compared to 2019, and by quarters (-10.5% annually already confirmed in Q1/-90% estimated in Q2/ and between -55%/-30% estimated in Q3). Nevertheless IAG is one of the companies with the highest liquidity (€10 Bn), the best operating margins and the lowest debt. The acquisition of Air Europa, with a possible improvement of the conditions, is an additional advantage.