International Airlines Group has cut 94% of its flights in the midst of coronavirus travel restrictions.
British Airways parent company IAG recorded a $1.8 billion loss in the first three months of the year, as widespread travel restrictions caused by coronavirus prompted the group to slash 94% of its flights.CEO Willie Walsh said on Thursday that it would take three years for passenger numbers to return to levels seen before the pandemic hit and caused airlines halt flights as demand slumped.
Thursday’s news comes after British Airways said last week it would cut 12,000 jobs to save cash in the midst of the global fall in air travel. The Anglo-Spanish airline group, which is Europe’s third largest, said it does not expect passenger numbers to start returning until July at the earliest.
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