Passenger capacity for the first three months of the year was 19.6 per cent of 2019 due to government restrictions and quarantine requirements.
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The company said it reduced weekly cash burn to €175m, a better performance than previous guidance of €185m. Meanwhile, it had strong liquidity of €10.5bn at the end of the first quarter.
The airlines group also reaffirmed its pledge to power ten per cent of its flights with sustainable fuel by 2030.
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Gallego said that government action is needed through travel corridors, affordable testing, well-staffed borders, and vaccine passports to spark life back into the travel industry.
“These measures will enable a safe reopening of our skies. Travel underpins a global industry that supports 13 million jobs in
“There’s a high level of pent-up demand and aviation will play a critical role in reconnecting people and getting economies back up and running again.”
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© City AM, source