The annual results for IAG, which also owns Iberia, Aer Lingus and Vueling, showed the impact of the pandemic on the airline group during 2020 with revenue slumping by 69% to €7.8 billion as passenger capacity was cut back to just 33.5% of 2019’s levels.
Lockdowns and government restrictions across the UK and Europe mean that IAG’s planned capacity during the first three months of 2021 is currently down to just 20% of last year’s figures and even this level of capacity is “uncertain and subject to review”.
