BA Parent Company Books Huge Loss, Pushes for Digital Passes

BA Parent Company Books Huge Loss, Pushes for Digital Passes
British Airways passenger planes are parked at Palma de Mallorca airport on Jan. 21, 2021. Jaime Reina/AFP via Getty Images
The Associated Press
Updated:

LONDON—The parent company of British Airways and Iberia on Friday said it lost €6.9 billion ($8.3 billion) last year as the pandemic caused a near-total collapse in international air traffic, and called for digital passes to help revive travel.

IAG’s after-tax loss compared with a profit of €1.7 billion the year before. Its revenue slumped 70 percent to €7.8 billion ($9.4 billion).