‘Return To Service In July 2020 At The Earliest’

May 10, 2020 | 0 Comments

International Consolidated Airlines Group [IAG]  – which owns a number of airlines including British Airways — said that they could have a “meaningful return to service in July 2020 at the earliest.”

Willie Walsh, IAG Chief Executive Officer said [PDF], “We are planning for a meaningful return to service in July 2020 at the earliest, depending on the easing of lockdowns and travel restrictions around the world. We will adapt our operating procedures to ensure our customers and our people are properly protected in this new environment.

“We are working with the various regulatory bodies and are confident that changes in regulations will enable a safe and organised return to service. The industry will adapt to new requirements in the same way that it has adapted to developments in security requirements in the past.

“However, we do not expect passenger demand to recover to the level of 2019 before 2023 at the earliest. This means Groupwide restructuring is essential in order to get through the crisis and preserve an adequate level of liquidity. We intend to come out of the crisis as a stronger Group.”

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