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    Home > Top Stories > BA-parent IAG posts 485 million euro loss for summer quarter
    Top Stories

    BA-parent IAG posts 485 million euro loss for summer quarter

    Published by maria gbaf

    Posted on November 5, 2021

    1 min read

    Last updated: January 28, 2026

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    Quick Summary

    IAG, British Airways' parent, reported a 485 million euro loss for the summer quarter, impacted by pandemic restrictions and transatlantic market closure.

    IAG Reports 485 Million Euro Loss for Summer Quarter

    LONDON (Reuters) – British Airways parent company IAG posted a loss of 485 million euros for its summer quarter as pandemic restrictions and the partial closure of the transatlantic market continued to hold back a travel recovery.

    IAG’s operating loss before exceptional items of 485 million euros for the July to end September period was ahead of a consensus forecast for a loss of 513 million euros.

    (Reporting by Sarah Young, Editing by Paul Sandle)

    Key Takeaways

    • •IAG reported a 485 million euro loss for the summer quarter.
    • •The loss was less than the forecasted 513 million euros.
    • •Pandemic restrictions impacted travel recovery.
    • •Partial closure of the transatlantic market affected earnings.
    • •IAG is the parent company of British Airways.

    Frequently Asked Questions about BA-parent IAG posts 485 million euro loss for summer quarter

    1What is the main topic?

    The article discusses IAG's financial loss of 485 million euros for the summer quarter due to pandemic-related travel restrictions.

    2How did IAG's loss compare to forecasts?

    IAG's loss was 485 million euros, which was better than the forecasted loss of 513 million euros.

    3What factors contributed to IAG's loss?

    Pandemic restrictions and the partial closure of the transatlantic market contributed to IAG's financial loss.

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