With $577M Loss In Q1 IAG Plans Restructuring, Warns Recovery May Be Delayed To 2023 “At The Earliest”

International Airlines Group (IAG), which owns Aer Lingus, British Airways, Iberia, LEVEL and Vueling, reported operating losses of $577 million for the first quarter of this year, compared to $145 million in operating profits for the first quarter of 2019.