BUSINESS British Airways-parent IAG posts 1.1 bn-euro loss

BUSINESS

British Airways-parent IAG posts 1.1 bn-euro loss

AFP

14:33, May 07, 2021

File photo: Agencies

IAG, owner of British Airways and other European airlines, posted on Friday a net loss of 1.1 billion euros ($1.3 billion) in the first quarter as the coronavirus pandemic grounded planes.

It was a reduction, however, on the company's net loss of 1.68 billion euros in the first three months of 2020 as Covid took off.

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