BA owner in £1bn loss

THE Government must act with ambition and announce travel corridors as soon as possible to help the travel industry revive, according to the boss of British Airways-owner IAG.

Bosses at the group, which also owns Aer Lingus and Iberia, said it sunk to a pre-tax loss of £1bn in the first three months of the year. But chief executive Luis Gallego said action was needed through four key measures – travel corridors; affordable, simple and proportionate testing to replace quarantine and costly, multi-layered testing; well-staffed borders using contactless technology; and digital passes for testing and vaccination documentation to facilitate international travel.

Gallego added: ‘We’re ready to fly – but Government action is needed.’