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U K , Europe Travel Restrictions Held Down IAG Q1 Capacity

Share International Airlines Group projects that it will take at least until 2023 for passenger demand to return to pre-pandemic levels, according to the group s first quarter earnings report. Passenger revenue in the first quarter declined 88.4 percent year over year to €459 million, and capacity for the quarter was just under 22 percent of capacity in the first quarter of 2020. For British Airways, long-haul routes primarily were centered around cargo needs during the quarter, as cargo revenue was up 42.3 percent year over year during the first quarter. Travel restrictions in the United Kingdom and across Europe also dealt a hit to short-haul demand, though BA reported steady business travel demand

United statesUnited kingdomLuis gallegoBritish airwaysInternational airlines groupஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்லூயிஸ் களிலெகோபிரிட்டிஷ் வானெறிக்குழுப்பெயர்சர்வதேச விமான நிறுவனங்கள் குழு

IAG to offer €800m in new bonds as travel shutdown continues

11 May 2021 International Airlines Group (IAG) is launching an €800 million bond issue as the shutdown of international travel in response to Covid-19 continues. The group, which owns British Airways, Iberia and Aer Lingus, will offer the bonds on May 18th, with repayment due in 2028. ADVERTISEMENT The offering is being issued by IAG under the powers delegated to its board of directors at its annual general meeting held in September last year. The target market for the bonds is comprised of professional clients only, excluding retail investors. IAG said the cash would be used to strengthen its balance sheet and increase the overall liquidity position, while also offering increased “operational and strategic flexibility” to take advantage of a recovery in demand.

United kingdomAer lingusBritish airwaysInternational airlines groupஒன்றுபட்டது கிஂக்டம்ஆர் லிங்கஸ்பிரிட்டிஷ் வானெறிக்குழுப்பெயர்சர்வதேச விமான நிறுவனங்கள் குழு

UK and European travel restrictions drag down IAG Q1 capacity | Business Travel News Europe

Share International Airlines Group projects that it will take at least until 2023 for passenger demand to return to pre-pandemic levels, according to the group s first quarter earnings report. Passenger revenue in the first quarter declined 88.4 per cent year over year to €459 million, and capacity for the quarter was just under 22 per cent of capacity in the first quarter of 2020. For British Airways, long-haul routes were primarily centered around cargo needs during the quarter, as cargo revenue was up 42.3 per cent year over year during the first quarter. Travel restrictions in the United Kingdom and across Europe also dealt a hit to short-haul demand, though BA reported steady business travel demand on its routes between major European cities.

United statesUnited kingdomLuis gallegoBritish airwaysInternational airlines groupஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்லூயிஸ் களிலெகோபிரிட்டிஷ் வானெறிக்குழுப்பெயர்சர்வதேச விமான நிறுவனங்கள் குழு

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