Going to be interesting to watch UK/Europe vs Europe internal movement for the rest of this year. Unsurprisingly the ideal for easyJet, IAG, Ryanair et al is to see a lot more of both...
$IAG said it received 4300 claims (so far) from last week's severe storms & flooding. $SUN received 3750 claims according to the insurer on Tuesday.
This is a copy of the letter that the CEO of IAG (which owns BA) sent to all MPs this afternoon (before PM’s comments). It states that, in April, BA received £35m from government for its furloughed staff - enough to cover “less than two days of cash, at the current rate of burn”.
BREAKING: British Airways owner IAG says the airline is set to make up to 12,000 workers redundant. Get the full story:
British Airways owner IAG has said the airline is set to make up to 12,000 workers redundant
#Breaking British Airways is set to make up to 12,000 workers redundant, parent company IAG said
Reports that parent company Madrid-basedIAG to make 12,000 BA staff redundant. Already around 35,000 on furlough.
Air France-KLM and IAG, owner of British Airways and Iberia, have both announced major cutbacks of flights in the coming weeks and months as borders shut and travel stops worldwide due to the coronavirus pandemic.