Forward bookings have been running at a rate of around 90 per cent of 2019 levels in March andThe company said it expected to report an operating profit in the second quarter and for the full year, which would put two years and more than €10 billion of losses behind it.The aviation industry has struggled to restart operations and BA has been forced to cancel hundreds of flights and thin out its schedules until June as it faces staff shortages.
“This downgrade is mainly driven by a slower capacity ramp up at Heathrow to manage operational issues at the airport better,” saidThe airline group reported an operating loss after tax and exceptional items of €787 million in the first quarter, down from a €1.1 billion loss the year previously. Revenue rose to €3.4 billion from €968 million, and cash rose slightly to €8.2 billion.