Ukraine invasion and high oil prices threaten BA owner IAG’s recovery

A passenger airplane, operated by British Airways, a unit of IAG, comes in to land at London Heathrow Airport in London, UK, on February 23 2022. Picture: BLOOMBERG/CHRIS J. RATCLIFFE

But as it published results it said the British flag carrier has suspended flights to Moscow and will not use Russian airspace, a move that can add significant costs as diverted planes fly south to avoid areas of tension in the Middle East. “The point of sale in the US can be affected because the people can be concerned that there is a war in Europe,” he said, adding the company has not seen any impact on bookings.The renewed gloom around an industry that has battled two years of travel restrictions that left planes grounded worldwide threatened to overshadow the signs of recovery at one of the biggest airline groups.

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