British Airways-owner IAG posts 1.14 bln euro Q1 loss

LONDON, May 7 (Reuters) - British Airways-owner IAG
reported a 1.14 billion euro loss for the three months to
end-March, as the pandemic restricted travel, and forecast only
a small rise in capacity to 25% for the April-June quarter.

Flying just 20% capacity in the three months to the end of
March resulted in the group posting the operating loss before
exceptional items of 1.14 billion euros, slightly better than
the 1.17 billion euro loss consensus forecast.

(Reporting by Sarah Young, Editing by Paul Sandle)