International Consolidated Airlines Group (IAG) on February 26, 2021 presented Group consolidated results for the year to December 31, 2020. COVID-19 situation and management actions: • Passenger capacity in quarter 4 was 26.6 per cent of 2019 and for the full year was 33.5 per cent of 2019 and continues to be adversely affected by…
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British Airways and Gatwick back vaccine passports
Airline s owner IAG slumps to record £6.8bn annual loss as airport boss says digital vaccine documents are ‘pretty much an inevitability’
26 February 2021 • 5:11pm
The owner of British Airways has begged countries to launch a digital health pass so borders can reopen and foreign holidays are able to restart after it slumped to a record €7.8bn (£6.8bn) loss.
Luis Gallego, head of BA s parent company IAG, called for immediate action so that his firm can return to the skies.
Meanwhile Gatwick Airport s boss Stewart Wingate said that vaccine passports are pretty much an inevitability as his business unveiled a £465m loss for 2020. Travel titan Tui also joined calls for a passport scheme.
British Airways-owner IAG posts an almighty EUR6.9 billion loss, Pets at Home raises its guidance again, Rightmove sells more properties than its rivals but sees profits plunge, and Jupiter Fund Management reaps the rewards of acquiring Merian Global Investors.
This is why FTSE 100 stock IAG’s share price is flying right now
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International Consolidated Airlines Group (LSE: IAG) share price has rocketed higher in recent weeks. Given mass vaccination rollouts, it’s perhaps no surprise. These have pulled infection rates down across the globe. These rollouts have raised the prospect of Covid-19 travel restrictions being walked back in the weeks and months ahead.
The IAG share price is up 22% since the turn of 2021. It’s a reading that smashes the 2% rise enjoyed by the broader
US$12.3 TRILLION out of thin air…
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