Airline conglomerate IAG announces huge losses in wake of pandemic – dpa international

dpa

DUBLIN — International Airlines Group (IAG), which counts British Airways and Iberia among its subsidiaries, on Friday announced a 55.7 per cent drop in revenue and losses of 3.8 billion euros (4.5 billion dollars) for the first half of 2020. Total revenues across the IAG’s fleets, which also include Ireland’s flagship airline Aer Lingus and low-cost carrier Vueling, fell from 12.02 billion euros to just over 5.3 billion euros, IAG said in a statement. IAG attributed the losses to the novel coronavirus, which it described as having “a devastating impact on the global airline and travel sectors.” After the World Health Organization in March declared the outbreak a pandemic, countries across Asia, Europe and North America imposed travel restrictions that in some cases included border closures. “As a result of government travel restrictions, quarter 2 passenger traffic fell by 98.4 per cent on a capacity reduction in the quarter of 95.3 per cent,” IAG said in its statement.

Irish airline Aer Lingus to lay off 500 workers due to pandemic – dpa international

Social distancing guidelines in St. Stephen's Green, a park in central Dublin (Simon Roughneen)

DUBLIN — Citing a slump in air travel due to the coronavirus, Aer Lingus on Friday announced it will fire 500 workers and slammed Ireland’s interim government for failing “to take steps that other European [Union] member states have taken.” Citing a “catastrophic” collapse in air travel that has reduced it to 5 per cent of its pre-pandemic operations, the airline said that other European countries “have progressively restored transport services and connectivity in response to a European Commission invitation to do so.” The 30 flights undertaken by Aer Lingus in the past week amount to around 10 per cent of the level of activity the same week one year ago, the airline said.  Friday’s jobs cull followed a Monday announcement by Aer Lingus that pay and working hours will be cut to 30 per cent of pre-pandemic levels.