IAG ended June with €10.8 billion in liquidity, up from €8.1 billion in December. Net cash improved to €7.6 billion from €5.7 billion in December. In Q2, it raised €1.2 billion by issuing unsecured bonds and €825 million through convertible bonds, plus a new revolving credit facility of €1.755 billion. Net debt also increased from €9.8 to €12.1 billion as it drew down €2.0 billion for BA from a UK Export Finance credit facility and €75 million for Aer Lingus from the Irish Strategic Investment Fund. IAG's weekly cash burn was €190 million in Q2 and is expected to rise to €270 million in Q3 as capacity resumes.