British Airways’ owner records £5.1bn loss due to pandemic

British Airways’ parent company, IAG, has reported a loss after tax and exceptional items of 5.6 billion euros (£5.1 billion) in the first nine months of the year.

This is compared with a profit of 1.8 billion euros (£1.6 billion) during the same period in 2019.

The group’s chief executive, Luis Gallego, said: “These results demonstrate the negative impact of Covid-19 on our business but they’re exacerbated by constantly changing government restrictions.

“This creates uncertainty for customers and makes it harder to plan our business effectively.

“We are calling on governments to adopt pre-departure testing using reliable and affordable tests with the option of post-flight testing to release people from quarantine where they are arriving from countries with high infection rates.

“This would open routes, stimulate economies and get people travelling with confidence. When we open routes, there is pent up demand for travel.”

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