British Airways Owner IAG Says Transatlantic Bookings Close to 2019 Levelson November 23, 2021 at 8:23 am

LONDON—The boss of the British Airways owner, IAG, said on Monday its transatlantic bookings had already reached nearly 100 percent of 2019 levels after the United States dropped restrictions earlier this month. Airlines such as BA and Virgin Atlantic had pinned their hopes on the reopening of Europe to United States routes as vital to rebuilding their finances, after more than 18 months of restrictions left them nursing billions of dollars of debt. Luis Gallego told the Airlines UK conference that the group was recovering, and he expected a return to pre-pandemic flying levels by 2023. “Now as the world opens up, we are growing our capacity,” he said. “Transatlantic bookings have already reached almost 100 percent of 2019 levels. I expect North Atlantic routes to reach full capacity by next summer.” Gallego warned however that a move by London’s Heathrow Airport to hike charges could hit the recovery, and …

Reuters

Leave a Reply

Your email address will not be published.

Next Post

French Presidential Hopeful Zemmour Says COVID Fears Are Overblown-Reuters

Tue Nov 23 , 2021
PARIS,—Eric Zemmour, the hard-right French political commentator and likely presidential candidate, said on Monday that fears about the new coronavirus had been overblown. Zemmour’s stance contrasts with the position of governments across Europe, which are reintroducing restrictions on movement to curb a fifth wave of the pandemic, with Austria on […]

Newsletter Signup

Sign up now and never miss a thing!

You're Signed Up!

Now that you are signed up, we will send you exclusive offers periodically.