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British Airways parent company IAG warns of €3b loss for 2021 | Malay Mail

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LONDON, Nov 5 ― British Airways parent company IAG said it was heading for a €3 billion (RM14.4 billion) loss for 2021, but added that the reopening of transatlantic travel would help its aim to return to profit next year. IAG said today it planned to fly about 60 per cent of its pre-pandemic...

LONDON, Nov 5 ― British Airways parent company IAG said it was heading for a €3 billion loss for 2021, but added that the reopening of transatlantic travel would help its aim to return to profit next year.

But pandemic restrictions which lasted most of 2021 will push the group to an annual operating loss before exceptional items of about €3 billion, IAG warned, slightly behind a consensus forecast for a loss of €2.87 billion.

 

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