British Airways is adding more flights to its schedule as its owner reports a €2bn (£1.7bn) loss for the first six months of the year. IAG's operating loss is half the sum for the same period last year, but shares still fell almost 7pc to 169p on concerns about further travel restrictions being imposed by the Government. It was the biggest faller on the FTSE 100 on Friday, but the stock remained well above the 123p level of this time last year. BA plans to operate about 45pc of passenger capacit
BA owner IAG to increase flights but losses hit €2bnGroup hopes to raise passenger capacity for summer to about 45% of its 2019 pre-Covid capacityCoronavirus – latest updatesSee all our coronavirus coverage IAG says British Airways suffered because ‘the restricted nature of the green list severely limited the recovery in capacity expected on the lifting of lockdown restrictions’. Photograph: Simon Dawson/Reuters
London's FTSE 100 ended lower on Friday, weighed down by miners over concerns that rising coronavirus infections globally could derail economic growth, while British Airways-owner IAG dropped after saying it was cautious on recovery prospects. The blue-chip FTSE 100 lost 0.7%, with miners and travel stocks leading the decline. The FTSE 100 ended the month slightly down 0.07%, snapping a winning streak of five consecutive months, as losses in banks, oil stocks, and personal goods shares offset gains in insurance, real estate and homebuilder stocks.