Business
IAG Spent €730 Million On Retiring Aircraft In Q2 – Simple Flying
International Consolidated Airlines Group (IAG) has today released its consolidated results for the first six months of 2020
International Consolidated Airlines Group (IAG) has today released its consolidated results for the first six months of 2020 up to June 30th. The group registered a $5bn loss on the back of the disruption from COVID-19, a loss which was further exacerbated by a charge of almost $1 billion in relation to the retirement of more than 60 aircraft.
BA and Iberia owner IAG took a massive financial hit from aircraft retirements. Photo: Iberia
IAG takes a huge hit from the retirement of 61 planes
As …
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