October 19, 2021
Economy

Coronavirus: Pfizer chief warns of ‘scramble’ for raw materials if vaccine patents waived — as it happened

International Airlines Group, owner of British Airways, has called for a rapid reopening of international borders as it sank to a €1bn first-quarter loss and warned it would fly just a fraction of its normal schedule in coming months.

The group, which also owns Iberia, Aer Lingus and Vueling, on Friday reported an operating loss of €1.1bn for the first three months of the year, when widespread travel restrictions were in place owing to surging cases of Covid-19 across Europe.

The prospects for this summer seem brighter, although carriers are reliant on the UK and other European countries allowing mass travel in time for the peak season.

The airline group said it planned to fly 25 per cent of its normal schedule between April and June, but is ready to add more flights if there is demand.

The UK government is set to outline plans to reopen foreign travel in coming days. IAG, which is…

Read full article…