British Airways parent IAG dives into huge quarterly loss amid coronavirus crisis
British Airways owner IAG said Thursday it plunged into the red in the first quarter as the coronavirus pandemic grounded planes, adding that pre-crisis passenger demand would not return until 2023.
The company suffered a huge net loss of 1.68 billion euros ($1.8 billion) in the three months to the end of March, when the global aviation sector began to be ravaged by the deadly COVID-19 outbreak.
