The parent company of British Airways and Iberia on Friday said it lost USD 8.3 billion last year as the coronavirus pandemic caused a near-total collapse in international travel.
IAG’s after-tax loss compared with a profit of USD 2 billion in 2019. Its revenue fell 70 percent to USD 9.4 billion.
The future is so uncertain that the company did not provide any targets or estimates for 2021. At the start of this year, business remained cautious as many countries extended or introduced new lockdown measures.
The company supported calls for digital health certificates to be issued to people who have been vaccinated against COVID-19 as a way to help get passengers back on planes in a safe way and recover the travel and airline industry.