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BA-parent IAG posts 485 million euro loss for summer quarter -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: British Airways tail fins at Heathrow Airport (London, Britain), May 17, 2021. REUTERS/John Sibley

LONDON, (Reuters) – British Airways parent IAG (LON) suffered a loss in its summer quarter due to pandemic restrictions as well as the partial closing of the transatlantic markets. This impeded a recovery.

IAG’s Operating Loss before Exclusions of 485 Million Euros for the July to September Period was higher than the consensus estimate of a 513Million euro loss.

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