British Airways Sinks Deeper Into Red
October 30, 2020
10:04 am
International Airlines Group (IAG), the owner of British Airways and Spanish carrier Iberia, has recorded a cumulative loss of €5.6 billion, up till September.
Its latest quarterly loss, published Friday, was €1.76 billion euros, a fallout of the worsening Covid-19 crisis that has decimated demand for global air travel.
The loss after taxation in the three months to September contrasted with net profit of 1.0 billion euros a year earlier, IAG announced in a statement.
The company resumed flights over the summer, following the national lockdown, but only operates …
