July 31, 2020

Airline giant IAG logs 3.8-bn-euro loss on virus

London (AFP) – Airline conglomerate IAG, the owner of British Airways, on Friday posted a first-half net loss of 3.8 billion euros ($4.5 billion) due to the “devastating” impact of coronavirus.The group, which had posted a year-earlier net profit of 806 million euros, also unveiled plans for a capital increase of up to 2.75 billion euros in a results statement, as it seeks to navigate fallout from the deadly COVID-19 crisis.”The results … were significantly impacted by the outbreak of COVID-19, which has had a devastating impact on the global airline and travel sectors, particularly from lat…

source https://this.kiji.is/en/661829362225316961?c=648607265489716321

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