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BA owner warns of €3bn loss as it pins hopes on transatlantic travel revival
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British Airways’ owner, IAG, is pinning its hopes on the revival of transatlantic travel next week as it warned that pandemic disruption would drive a loss of €3bn for 2021.
IAG’s chief executive, Luis Gallego,said the reopening of the US border to foreign nationals from Monday was a “pivotal moment for our industry”.
The group, whose airlines also include Iberia and Aer Lingus, reported a €485m (£416m) loss for its third quarter, the key summer period between July and September. It was lower than
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