• Worldwide Airways Group experiences €7.4bn loss for 2020 | Information

    Worldwide Airways Group has reported a lack of €7.4 billion for monetary 2020 because the Covid-19 pandemic wrought havoc within the aviation sector. The losses embrace prices for distinctive gadgets regarding gasoline and foreign money hedges, early fleet retirement and restructuring prices. The determine is compared to a revenue of €2.6 billion in 2019. The group – which incorporates Iberia, British Airways, Aer Lingus and others – noticed income fall 69 per cent to €7.8 billion for the yr to December. Luis Gallego, IAG chief government, stated: “Our outcomes mirror the intense influence that Covid-19 has had on our enterprise. “We’ve taken efficient motion to protect money, enhance liquidity and…