British Airways owner IAG flies to £1bn loss
The airline expects to fly just 25pc of its 2019 capacity in the coming months
7 May 2021 • 7:28am
British Airways-owner IAG reported a €1.2bn (£1bn) pre-tax loss for the three months to the end of March as the pandemic restricted travel, and forecast only a small rise in capacity to 25pc for the April-June quarter.
Flying at just 20pc capacity in the three months to the end of March resulted in the group posting the operating loss before exceptional items of €1.14bn, slightly better than the City had forecast.
IAG, which also owns Iberia and Vueling in Spain and Aer Lingus in Ireland, said it reduced weekly cash burn to €175m, a better performance than had been previously guided.
Britain reopens travel from May 17 to limited destinations
07 May 2021 - 19:39
People queue to enter terminal 2, as tighter rules for international travellers start, at Heathrow Airport, amid the spread of the coronavirus disease (COVID-19) pandemic, London, Britain, January 18, 2021. REUTERS/Henry Nicholls/File Photo
Reuters
LONDON: Britain will allow people in England to resume international travel from May 17 but is limiting the number of destinations open for quarantine-free holidays to just a handful of countries as it cautiously emerges from lockdown restrictions.
Portugal, Israel, New Zealand, Australia and Singapore all made the green list for travel in a system that will be reviewed every three weeks, transport minister Grant Shapps said on Friday. Popular destinations such as France, Spain and Greece did not.
Covid-19: Britain reopens travel from May 17 to limited destinations
Reuters/London
(Reuters file)
Green list travel will involve people taking two Covid tests.
Britain will allow people in England to resume international travel from May 17 but is limiting the number of destinations open for quarantine-free holidays to just a handful of countries as it cautiously emerges from lockdown restrictions.
Portugal, Israel, New Zealand, Australia and Singapore all made the green list for travel in a system that will be reviewed every three weeks, transport minister Grant Shapps said on Friday. Popular destinations such as France, Spain and Greece did not.
Singapore, Brunei among countries and territories on England s quarantine-free travel list Toggle share menu
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Singapore, Brunei among countries and territories on England s quarantine-free travel list
FILE PHOTO: Britain s Transport Secretary Grant Shapps walks outside the Cabinet Office in London, Britain September 29, 2020. REUTERS/Hannah McKay
08 May 2021 12:59AM (Updated:
08 May 2021 01:00AM) Share this content
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LONDON: Britain will allow people in England to resume international travel from May 17 but is limiting the number of destinations open for quarantine-free holidays to just a handful of countries as it cautiously emerges from lockdown restrictions.
Portugal, Israel, New Zealand, Australia and Singapore all made the green list for travel in a system that will be reviewed every three weeks, Transport Secretary Grant Shapps said on Friday (May 7). Popular destinations such as France, Spain and Greece did no