IAG flies into a 1.3 billion euros loss in the third quarter

AFP

2020/10/22 | 223 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT
IAG flies into a 1.3 billion euros loss in the third quarter © British Airways

IAG, the owner of British Airways and Spanish carrier Iberia, dived into a loss totalling 1.3 billion euros ($1.52 billion) in the third quarter on coronavirus fallout, it announced Thursday.The operating loss before exceptional items compared with profit of 1.4 billion euros one year earlier, IAG said in statement ahead of a full earnings release due next week.Revenue slumped 83 percent to 1.2 billion euros in the reporting period, it added.IAG said it expects capacity in the current fourth...(…)

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