Worldwide Airways Group has reported an working lack of 967 million euros for the second quarter.
The determine is an enchancment over the € 2.2 billion loss recorded in the identical interval final 12 months.
The reported working loss for mid-2021 was subsequently € 2 billion.
The group, which owns Aer Lingus, British Airways and Iberia, stated passenger capability within the second quarter was simply 21.9 p.c of 2019.
The determine continues to be negatively affected by the Covid-19 pandemic, together with authorities restrictions and quarantine necessities.
IAG stated it presently expects to fly about 45 p.c of 2019 capability within the third quarter.
Nonetheless, this stays unsure and topic to ongoing evaluation, a press release defined.
Luis Gallego, CEO of IAG, stated: “Within the quick time period, our objective is to make sure our operational readiness, so we now have the pliability to capitalize on an atmosphere the place there’s proof of widespread pent-up demand when journey restrictions are eliminated. .
“That is mirrored within the outcomes of Iberia and Vueling.
“They have been the very best performers inside the group within the second quarter, reflecting a stronger Latin American and Spanish home market pushed by fewer journey restrictions.
“We all know that the restoration shall be uneven, however we’re able to make the most of a rise in demand for air journey consistent with rising vaccination charges.”
He added: “We welcome the current announcement that totally vaccinated vacationers from the Amber international locations of the EU and the US will not should self-quarantine upon arrival within the UK.
“We see this as an necessary first step in totally reopening the transatlantic journey hall.”
Given the uncertainty in regards to the timing of the lifting of presidency journey restrictions and the continuing impression and length of Covid-19, IAG stated it was not able to supply steerage for 2021.