IAG, owner of British Airways and other European airlines, posted on Friday a net loss of 1.1 billion euros ($1.3 billion) in the first quarter as the coronavirus pandemic grounded planes.

British Airlines parent IAG loss tops 1 billion Euros in first quarter

Travel restriction specially on airlines impact Aviation industry. So many international airlines companies may go bankrupt in the month of May.

Aviation Industry Hit By Coronavirus

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British Airlines parent IAG loss tops 1 billion Euros in first quarter

Aviation Industry Hit By Coronavirus