IAG: stock down Q1 results

(CercleFinance.com) - The share of International Airlines Group (IAG) is down about 1% in London on Friday morning, after the parent company of British Airways and Iberia reported a net loss of 1.
07 billion euros for the first three months of 2021, albeit 36.6% less than the loss reported for Q1 2020.

However, adjusted for extraordinary items, the group's net loss doubled to 1.12 billion euros, reflecting a 79% dive in total revenues to 963 million euros - of course due to the impact of the health crisis, which has ravaged air traffic.

Given the uncertainties over the timing of the lifting of government travel restrictions and the continuing impact and duration of Covid-19, IAG's management has declined not to provide earnings estimates for the current year.


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