IAG’s third quarter loss of 1.3 billion euros

The International Airlines Group (IAG) has reported a loss of 1.3 billion euros in the third quarter (July-September) of the coronavirus year.
However, analysts predicted a loss of 920 million euros.
IAG earned 1.4 billion euros in the same period last year.

Those concerned are seeing the same reason for such a big loss. The global travel sector has come to a standstill due to the travel bans imposed on the country, the impact of which the IAG could not escape.

IAG operates British Airways, Iberia, Buelling and Air Lingus.

 

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