British Airways parent dives into huge quarterly loss

AFP

2020/05/07 | 393 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT
British Airways parent dives into huge quarterly loss © Le Journal de l'Aviation - All rights reserved

British Airways owner IAG said Thursday it plunged into the red in the first quarter as the coronavirus pandemic grounded planes, adding that pre-crisis passenger demand would not return until 2023.The company suffered a huge net loss of 1.68 billion euros ($1.8 billion) in the three months to the end of March, when the global aviation sector began to be ravaged by the deadly COVID-19 outbreak.That contrasted with profit after tax of 70 million euros in the first quarter of 2019, IAG said in...(…)

This article is available on « Le Journal de l'Aviation »

Read the article

Aviation and aerospace newsletter

Sign up for free
to the weekly newsletter!

In the same theme:


Etihad Airways signs landmark deal with Amadeus to introduce next-generation travel technology
2021/09/15 | AEROCONTACT | AIR TRANSPORT

Abu Dhabi-based carrier to implement cutting-edge Amadeus Altéa Passenger Service System (PSS)New booking engine, mobile app, and self-service tools to empower ...


Ryanair inversts €50M in a new Dublin Training & Simulator Centre in agreement with Airline Flight Academy
2021/09/15 | AEROCONTACT | AIR TRANSPORT

5,000 NEW PILOT AND CABIN CREW JOBS TO BE CREATED OVER NEXT 5 YEARS AS RYANAIR RETURNS TO GROWTHRyanair, Europe’s No.1 airline, today (Tues, 14th Sept) anno...


EUROCONTROL is looking to recruit its next Director Central Route Charges Office & Finance
2021/08/03 | AEROCONTACT | AIR TRANSPORT

We are looking for a highly experienced senior manager with an excellent track record managing teams in large public or private sector organisations, and a minimum of ...

See also:


AJW Group signs a PBH contract with Aer Lingus
2021/03/11 | LE JOURNAL DE L'AVIATION | MAINTENANCE / MRO

AJW Group has signed a power-by-the-hour contract with Irish airline Aer Lingus to become its supply chain management provider. According to this contrat, AJW will dir...


2021/01/28 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Shares in Hong Kong's marquee carrier Cathay Pacific plunged on Thursday after the struggling airline unveiled a HK$6.7-billion (US$870-million) bond sale to try to s...


2021/01/28 | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

The French government is suspending Ethiopian Airlines for four days over a failure to ensure passengers have had negative coronavirus tests, the transport ministry a...