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Airlines hit hard: KLM cuts jobs and British Airways owner to raise $3.3 billion

Reuters, 31 Jul 2020
IAG, the owner of British Airways, plans to raise 2.75 billion euros from shareholders to prop up its finances and allow it to survive what could be a longer-than-expected collapse in flying, while KLM, the Dutch arm of Air France-KLM, said on Friday it would cut 1,500 additional jobs.

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