May 6, 2021

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IAG Reports $ 8.3 Billion Loss, Supports COVID Vaccination Certificates | Aviation News

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IAG has supported calls for digital health certificates to be issued to people who have been vaccinated against COVID-19 to boost travel again.

The parent company of British Airways and Iberia said on Friday it lost 6.9 billion euros ($ 8.3 billion) last year as the coronavirus pandemic caused a near total collapse in international air traffic, and called for digital health certificates for vaccinated passengers to jumpstart travel. .

IAG’s after-tax loss compared to a profit of 1.7 billion euros ($ 2 billion) the previous year. Its revenue fell 70% to 7.8 billion euros ($ 9.4 billion).

“Our results reflect the serious impact of COVID-19 on our business,” said CEO Luis Gallego.

The outlook is so uncertain that the company did not provide targets or estimates for 2021. At the start of this year, business remained precarious as many countries extended or introduced new travel lockdowns and Business.

The passenger capacity of IAG airlines in 2020 was only 33% of what it was the year before. In the current quarter, it is estimated to be only 20% of what it was in the same period of 2019.

The company has supported calls for digital health certificates to be issued to people who have been vaccinated against COVID-19 to help get passengers back on planes safely.

“We know there is pent-up demand for travel and people want to fly,” Gallego said in a statement. “Vaccinations are progressing well and global infections are heading in the right direction. We call for common international testing standards and the introduction of digital health passes to safely reopen our skies. “





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