British Airways has suspended all its flights at London Gatwick.
The airline had already suspended its flights from London City.
All BA flights still operating from Heathrow will do so from Terminal 5.
Willie Walsh, CEO of IAG, BA’s parent company, told CNN’s Richard Quest that BA operated 47 flights at LHR yesterday instead of the usual 300+.
Mr Walsh said that IAG is not having bailout talks. British Airways has extended its US dollar secured Revolving Credit Facility for one year from 23 June 2020 to 23 June 2021. The amount available under the extended facility is $1.38 billion.
IAG continues to have strong liquidity with cash, cash equivalents and interest-bearing deposits of €7.2 billion as at 27 March. Total cash and undrawn facilities are currently €9.3 billion.
Mr Walsh also said that IAG is planning for a shutdown of a couple of months with a gradual buildup starting in late June.
N.B. Image credit: British Airways
