British Airways owner IAG cuts more flights after €1.3bn quarterly loss
As a second wave of Covid-19 infections spreads across Europe, airlines are facing a bleak winter
22 October 2020 - 18:02
London — British Airways owner IAG warned the travel slump from the coronavirus pandemic had deepened, forcing it to axe even more of its winter flying schedule after it reported on Thursday a quarterly loss of €1.3bn.
The loss was far larger than the €920m forecast by analysts, as passenger numbers plunged and it struggled to even half-fill its aeroplanes, illustrating the scale of the challenge faced by IAG's new boss, Luis Gallego, who took over in September...
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