IAG Group loses 7 billion euros due to flight paralysis in 2020
The holding company of Iberia, British Airways, Vueling and Aer Lingus, IAG Group, has recorded one of the largest accumulated losses by a company during 2020 as a result of the coronavirus. IAG has lost 6.92 billion euros compared to the net profit of 1.7 billion a year earlier.
The impact of the pandemic, which led to travel restrictions that are still in place today, have been the cause of these numbers to be in the red, in one of the listed companies most affected by this crisis.
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