British Airways owner IGA says it would fly no more than 30 percent of the capacity it flew in the same period last year in the current fourth quarter. The parent company of British Airways has revealed further losses and downgraded its outlook as renewed coronavirus restrictions knock demand for travel, Sky News reports. International Airlines Group (IAG), which includes Iberia and Aer Lingus in its stable of airlines, reported a 1.3 billion euro loss for the third quarter of the year to the end of September in an unexpected update to the market. The figure compares to a profit of almost 1.4 bilion euros in the same period last year and came in far worse than the 920 million euros loss that City analysts had expected. Fewer than 50 percent of seats were filled on flights that operated during July and September.

Source: The Standard October 22, 2020 08:26 UTC