British Airways' parent company loses £916million in first three months of 2022
British Airways' parent company loses £916million in first three months of 2022 as passenger numbers are hit by Omicron variant of Covid BA has cancelled thousands of flights in recent weeks due to staff shortages Their parent company recorded a heavy loss for the first three months of 2022 Flight capacity in the first three months of the year was 65% of 2019 levels This figure was up from a flight capacity of 58% between October and December
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British Airways' parent company has recorded a heavy loss for the first three months of the year as the Omicron variant of coronavirus reduced passenger numbers.
Pre-tax losses for International Airlines Group (IAG) hit £916 million, although this was an improvement of the £1.2 billion loss in the same period a year ago when Britain was in its third lockdown.
The company said it saw an improvement in business travel during the period, and the overall proportion of seats filled on flights was better than a year ago at the height of global lockdowns.
