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BA owner IAG increases flights this summer as losses plunge to € 2 billion but stocks fall as they warn of ongoing uncertainty
- IAG hopes to increase passenger capacity up to 45% of pre-Covid levels
- It posted a loss of EUR 2 billion (£ 1.7 billion) in the first half of the year, up from EUR 4 billion in 2020
- Despite a smaller loss, IAG shares fell 7.5% to 168 pence at the close of the market
IAG, the owner of British Airways, Iberia, Vueling and Aer Lingus, has announced that it will increase the number of flights this summer as the company posted losses of € 2 billion in the first six months of this year.
The company said it plans to increase passenger capacity to 45 pe
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