BA owner IAG reports €3.5bn loss as it monitors Ukraine developments

Company expects to make significant profit in 2022 unless there are geopolitical or Covid restrictions

The owner of British Airways, International Airlines Group, more than halved losses to €3.5bn in 2021 and expects to return to profit this year as long as operations are not significantly disrupted by Covid-19 or the invasion of Ukraine.

The company, which made a record €7.4bn (£6.4bn) loss in 2020, said that passenger levels were still only 36% of pre-Covid levels last year.

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Read the original article at The Guardian