IAG expects pax demand to return to pre-coronavirus levels by 2023 'at the earliest': CEO

IAG CEO Willie Walsh said (07-May-2020) the company does not expect passenger demand to recover to the level of 2019 before 2023 "at the earliest" due to the coronavirus crisis. He said this means group-wide restructuring is "essential" to pass through the crisis and preserve an adequate level of liquidity post-coronavirus. [more - original PR]