Good morning. The British Airways owner IAG lost more than €1.135 billion in the first three months of the year as much of its fleet remained grounded by Covid-19 travel restrictions. The airline carried only 19.6 per cent of the passengers it carried over the same period in 2019 and said that it expected to carry about 25 per cent of 2019 levels in the second quarter. The group said that its liquidity at the end of March stood at €10.5 billion “demonstrating IAG’s good access to capital markets”. SponsoredLuis Gallego, IAG chief executive, said: “We’re taking all necessary actions to ensure the financial health of our business for the long term .

Source: The Times May 07, 2021 08:03 UTC