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British Airways owner IAG slashes flights after €1.3bn slump

1 month ago   |   By The Guardian

International Airlines Group reports quarterly loss as Covid travel curbs in Europe take toll Coronavirus - latest updates See all our coronavirus coverage International Airlines Group , the owner of British Airways, has slashed its flight schedule for the rest of the year as it reported a €1.3bn loss over the third quarter. In an unscheduled trading update, the group said it was cutting flights between October and December to just 30% of normal levels, blaming the reintroduction of travel restrictions by many European governments.
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British Airways owner IAG crashes into e1.3 billion loss over the summer quarter as Covid-19 restrictions and quarantines hammer demand

1 month ago   |   By Evening Standard

British Airways owner IAG's moves to slash flights amid extensions of quarantines and travel restrictions sent it tumbling into a e1.3 billion loss in the past three months but the group said it had enough cash to survive.
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