Aer Lingus owner IAG reported a €1.3 billion loss in the third quarter as coronavirus restrictions continue to depress travel, forcing it to further downgrade its capacity outlook for t
he rest of the year.
The airline group, which also operates British Airways, Iberia and Vueling, announced its preliminary results for the three months to the end of September one week earlier than expected.
The €1.3 billion loss was significantly worse than the €920 million analysts' consensus and behind the €1.4 billion of profit it made in the same period last year.
The results were the first to be published under new CEO Luis Gallego who took over from Willie Walsh in early September.