The company's quarterly loss, while down on the same period last year, was higher than anticipated as IAG got to grips with IT gremlins at BA and staff shortages that have hampered its recovery from COVID.
BA's owner is facing high costs of getting back in the air but sees profitability returning from the current quarterThe parent company of British Airways has hailed a pick-up in travel between the UK and United States for helping to narrow losses and predicted a return to profitability this year despite a leap in costs.
International Airlines Group , which also has the Aer Lingus and Iberia brands in its stable of carriers, reported a pre-tax loss of €916m for the first three months of the year.The group said that while Europe had lagged demand as travel slowly reopened following the easing of the OmicronHowever, it confirmed a 5% cut in short haul capacity at Heathrow asAdvertisement
BA shed 13,000 staff alone as lockdowns forced flights to be grounded with no crystal ball available on when the public health emergency would end. IAG said the flight cancellations - on routes which have high frequency services - would last through the peak summer season as it wanted to provide stability for passengers and avoid repeats of flight disruption to date.
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