Worldwide Airways Group has reported a lack of €1 billon for the primary quarter of 2021 as airways battle in opposition to authorities restrictions on journey.
The determine in comparison with a lack of €1.9 billion for a similar interval final yr, on the peak of the Covid-19 pandemic in Europe.
The group, nevertheless, stated it had €eight billion in money readily available on the finish of March.
IAG is presently flying round one fifth of the capability it supplied in earl 2019, with an expectation that this can enhance to round 25 per cent over the second quarter.
Saying the outcomes, Luis Gallego, IAG chief govt, known as on authorities to securely reopen journey.
He stated: “We’re doing every thing in our energy to emerge in a stronger aggressive place.
“We’re completely assured {that a} secure re-start to journey can occur as proven by the scientific information.”
Gallego stated, to make sure secure journey, governments should open journey corridors with out restrictions amongst secure vaccinated locations, substitute quarantine with testing and roll out digital passes for testing documentation.
“These measures will allow a secure re-opening of our skies,” he added.
“Journey underpins a worldwide trade that helps 13 million jobs in Europe alone.
“There’s a excessive degree of pent-up demand and aviation will play a important function in reconnecting individuals and getting economies again up and working once more.”
