International Airlines Group (LON: IAG) reports a loss of 5.56 billion euros for the first nine months of the year.
British Airways owners have announced major losses as passenger numbers plummeted amid this year’s pandemic.
Compared to its pre-tax profit of 1.4 billion euros last year, IAG is calling for airport testing and two-week quarantine end.
“We are pleased to announce that we are committed to providing a range of services and services to providing services that will enable us to provide services that will enable us to provide services that will enable us to provide services that will enable us to implement our services,” said Luis Gallego, CEO of IAG. “These results show the negative impact of Covid-19 on our business, but are exacerbated by constantly changing government restrictions.
“This creates uncertainty for customers and makes it difficult to plan your business effectively.
“We are asking the government to adopt pre-birth tests, using reliable and affordable tests with post-flight testing options to free people from quarantine arriving from countries with high infection rates.
“This will open routes, stimulate the economy, and make people travel with confidence. If you open routes, there is demand for travel.
“However, we continue to hope that passenger demand will take at least until 2023 until it recovers to 2019 levels.
“The group has made great strides in restructuring, continuing to cut its cost base and increase its variable costs ratio,” he added.
Since the start of the pandemic, the IAG has cut around 10,000 jobs, and the group warned that it is unlikely that normal levels of air travel will resume until 2023.
IAG shares (LON:IAG) rose 2.3% to 92.20p in trading earlier Friday. They fell from the previous highest 684.00p this year.
