FILE - In this Tuesday, Jan. 10, 2017, file photo, British Airways planes are parked at Heathrow Airport in London. The parent company of British Airways and Iberia on Friday, Feb. 26, 2021 said it lost 6.9 billion euros ($8.3 billion) last year as the pandemic caused a near-total collapse in international air traffic, and called for digital passes to help revive travel. IAG's after-tax loss compared with a profit of 1.7 billion euros the year before. Its revenue slumped 70% to 7.8 billion euros ($9.4 billion). We’re calling for international common testing standards and the introduction of digital health passes to reopen our skies safely.”

LONDON British Airways parent company said Thursday it will cut flights due to coronavirus travel restrictions and quarantine requirements and confirmed it is raising 2.7 billion euros ($3.2 billion) through the sale of new shares. Qatar Airways, which owns 25% of IAG, has undertaken to take its share of the cash call. Over the past few weeks, British tourists in particular have faced travel chaos after the government took countries off its safe list. Other airlines have also had to cut back on flights, including EasyJet, which earlier this week bemoaned the unpredictable restrictions. It also said it has reached an agreement in principle with the Unite union over changes to the pay and conditions of British Airways cabin crew, with a ballot expected shortly.