Aer Lingus owner records €1.3 billion loss

The loss was significantly worse than analysts' expected

IAG said that for the fourth quarter it would fly no more than 30% of the capacity it flew in the same period last year. Picture: Denis Scannell

Aer Lingus owner IAG reported a €1.3 billion loss in the third quarter as coronavirus restrictions continue to depress travel, forcing it to further downgrade its capacity outlook for the rest of the year.

The airline group, which also operates British Airways, Iberia and Vueling, announced its preliminary results for the three months to the end of September one week earlier than expected.