International Airlines Group reports heavy losses
International Airlines Group...
Subscribe to Newsletter

International Airlines Group reports heavy losses

6 May 2022
2340
1 min.
16
International Airlines Group reports heavy losses

Losses due to pandemic

International Airlines Group (LON: IAG) recorded a big loss in the first three months of the year as the COVID Omicron option reduced passenger numbers.

The pre-tax loss for International Airlines Group (IAG) reached £916 million, although this is an improvement on the £1.2 billion loss in the same period a year ago.

Also, the company said there was an improvement in business travel over the period and overall seat occupancy was better than a year ago at the height of global restrictions.

International Airlines Group (LON: IAG) chief executive Luis Gallego Martin said the company's losses for the first three months of the year reflected "normal seasonality, Omicron impact and costs associated with ramping up production".

Luis Gallego Martin said demand was "recovering strongly" and the company expects to return to profitability between April and June and in 2022 as a whole.

International Airlines Group was founded in 2011 and is headquartered in London.

Also worth noting is the management committee of the company:

Luis Gallego - CEO;
Nicholas Cadbury - CFO;
Fernando Candela-CTO;
Adam Daniels - Chairman and CEO of IAG Loyalty;
Sean Doyle - CEO of British Airways;
Lynne Embleton - Chairman and CEO of Aer Lingus;
John Gibbs - CIO;
Chris Haynes - General Counsel;
Carolina Martinoli - Chief People, Corporate Affairs and Sustainability Officer;
David Podolsky - CSO and Chief Executive Officer IAG Cargo;
Javier Sanchez - Prieto-Chairman and CEO of Iberia;
Marco Sansavini - Chairman and CEO of Vueling.

Persons12 and Companies4 in the news

Chairman and CEO of Vueling
1 place
Chairman and CEO of Iberia
2 place
Chief Strategy Officer and Chief Executive at IAG Cargo
3 place
Chief People, Corporate Affairs and Sustainability Officer at International Airlines Group (IAG)
4 place
General Counsel at International Airlines Group (IAG)
5 place
Chief Information Officer at International Airlines Group (IAG)
6 place
Chairman and CEO at Aer Lingus
7 place
Chairman and CEO of IAG Loyalty
8 place
Chief Transformation Officer at International Airlines Group (IAG)
9 place
Chief Financial Officer at International Airlines Group (IAG)
10 place
Chief Executive Officer of
11 place
CEO of British Airways
12 place
IAG Loyalty
1 place
IAG Cargo
2 place
British Airways
4 place
Section:
Source foto:
flickr.com
Rating companies

ENGLAND NEWS


News GlobalEng.biz -this is the latest and most up-to-date information about the resonant events that have occurred in the region. The task of the resource's news feed is to convey to readers information about important events in business, politics, economics, healthcare, culture and other spheres of life in England with maximum accuracy and objectivity.
News GlobalEng.biz - this is coverage of the economic processes taking place in England, the latest news of public life, incidents and an overview of political events. English news is information about the activities of small and medium-sized businesses, the work of housing and communal services, the implementation of significant projects. The site's journalists describe not only the life of the region, but also talk about the current state of the English economy. Everything you need to know about innovations in the field of industry and agriculture, economy and government is collected in the "News" section on GlobalEng.biz.
News of England promptly informs the reader, shows the real picture and opens up topical topics. Communication with government structures and business gives us the opportunity to provide our readers with reliable, information-rich material.
The main page of the portal contains the key news of England!
Alena Potapova

Development Director
Population
8124774373
Died this year
22568699
Born this year
55522994