BUSINESS
Record losses cannot be sustained without action, says BA owner
BUSINESS

Record losses cannot be sustained without action, says BA owner

Published: July 31, 2020  |  3 min read, 519 words
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The chief executive of British Airways' owner IAG has warned record losses cannot be sustained as he defended cutbacks to the airline.Speaking to Sky News' Ian King Live programme, Willie Walsh stressed the unprecedented challenge posed by the coronavirus pandemic and warned it was "going to involve pain for everybody".He was speaking as IAG, which also owns Iberia and Aer Lingus, reported an operating loss of €1.4bn (£1.3bn) euros for the second quarter.The aviation industry globally has been devastated by the halt to flying caused by the COVID-19 crisis, forcing tens of thousands of... READ MORE
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