British Airways owner IAG hit by record €7.4bn loss

The Guardian - Mark Sweney

The owner of British Airways, International Airlines Group, has reported a record €7.4bn loss for last year, and called for the introduction of digital health passes for passengers to enable the airline industry to get back on its feet.

IAG said that passenger capacity last year was only a third of 2019 and in the first quarter of this year is running at only a fifth of pre-Covid levels. The airline group reported a total annual operating loss of €7.4bn (£6.4bn), including exceptional items relating to fuel and currency hedges, early fleet retirement and restructuring costs. It compared with a €2.6bn profit in 2019...read here