Luis Gallego, IAG chief executive, said there was a "significant recovery under way", adding teams across the group’s airlines were working hard to "capture every opportunity" and "capitalise on surges in bookings" when travel restrictions are lifted.
Gallego’s comments came as IAG posted a significantly reduced third quarter operating loss (three months to 30 September) of €452 million (£388 million), down from €1.9 billion (£1.63 billion) during the same period last year.