Reuters
The worsening travel outlook and tighter restrictions brought in by countries over the last two months have threatened to ruin Europe's critical summer season and leave some carriers in need of another round of funding support, analysts warn. IAG said that the ongoing uncertainty and duration of COVID-19 meant that it could not provide a future profit forecast, illustrating the scale of the challenge for IAG's new boss Luis Gallego, who is six months into the job. UK-focused airlines were buoyed earlier this week when Britain laid out plans for travel markets to possibly reopen from mid-May, prompting a flood of bookings, but uncertainty remains over whether it will include IAG's long-haul routes.