Spanish airlines Vueling and Iberia slash number of flights by 70% as losses hit €1.3bn

BOSSES of airline company IAG have announced that 70% of Vueling, Iberia and British Airways flights will be cancelled.

Meanwhile, rivals Easyjet and Ryanair will fly at 25% and 40% respectively indicating a bleak outlook for all major airlines.

It comes after the IAG travel giant reported a €1.3bn loss in their third quarter, which was even worse than financial experts had predicted.

Due to coronavirus, passenger numbers were down by 78% with operational flights only half full.

IAG fired Spanish British Airways CEO, Alex Cruz, last week after four chaotic years at the head of the company that saw IT meltdowns and staff strikes.

Yet, despite reduced flight numbers, IAG have expanded their Vueling operations to France this week.

In direct competition with Air France, Vueling will run flights to Marseille, Brest and Montpellier from Paris-Orly twice a day.