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LONDON, Nov 22 (Reuters) - The boss of the British Airways
owner, IAG, said on Monday its transatlantic bookings
had already reached nearly 100% of 2019 levels after the United
States dropped restrictions earlier this month.
Airlines such as BA and Virgin Atlantic had pinned their
hopes on the reopening of the Europe to United States routes as
vital to rebuilding their finances, after more than 18 months of
restrictions left them nursing billions of dollars of debt.
Luis Gallego told the Airlines UK conference that the group
was recovering, and he expected a return to pre-pandemic flying
levels by 2023.
"Now as the world opens up, we are growing our capacity," he
said. "Transatlantic bookings have already reached almost 100%
of 2019 levels. I expect North Atlantic routes to reach full
capacity by next summer."
Gallego warned however that a move by London's Heathrow
Airport to hike charges could hit the recovery, and he noted
that the 40% of passengers who use the airport to transit on to
different final destinations could use alternative hubs.
The UK's Civil Aviation Authority's (CAA) has made an
initial proposal for Heathrow to be allowed to charge as much as
50% more per passenger over the 2022-2027 period.
"If the rise in landing charges goes ahead, I know IAG would
not be alone in reconsidering our airlines’ use of Heathrow as a
port," he said. "Right now, aviation is trying to emerge from
its worst crisis ever. UK operators need to be able to compete."
(Reporting by Kate Holton; editing by Michael Holden and
Alistair Smout)
