British Airways planes are seen at the Heathrow Airport in London, Britain, July 17, 2020. — Reuters pic
The airline conglomerate has been ravaged this year by Covid-19, which grounded planes worldwide as global lockdowns and border closures sought to halt the spread of the killer disease. The London-listed titan has meanwhile embarked upon a massive jobs-slashing efficiency drive, in line with carriers like Air Canada, American Airlines and Lufthansa.“All IAG airlines made substantial losses,” said Chief Executive Willie Walsh, noting that second-quarter traffic collapsed by a staggering 98.4 per cent as a result of government travel restrictions — and capacity shrank 95.3 per cent.
The International Air Transport Association had warned earlier this week that global air traffic will not return to levels seen before the coronavirus pandemic until at least 2024, adding that new UK restrictions on travel with Spain had created a lot of uncertainty.
Source: Holiday News (holidaynews.net)
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