RE: Cash burn5 Nov 2021 08:08
The owner of British Airways and Iberia, IAG, reported a shrinking €2.6bn (£2.3bn) loss for the first nine months of 2021, with passenger numbers slowly returning to the skies.
The airline said in the three months to the end of September, passenger capacity was 43.4 per cent of 2019 levels, although this was up from 21.9 per cent in the three months to end of June.
For the third quarter, the airlines group reported an operating loss of €452m compared to € 1.9bn for the same period last year.