IAG says passenger capacity slid to 78.6% in Q3 due to COVID-19 restrictions

In an announcement on Friday, International Consolidated Airlines Group (LON: IAG) said its passenger capacity slid to 78.6% in the fiscal third quarter due to the Coronavirus pandemic that has so far infected 45 million people worldwide and caused over 1.18 million deaths. IAG promoted Darren Peek to the new head of sales at IAG Cargo earlier this week. IAG opened about 1.5% down in the stock market on Friday but recovered the entire intraday loss in the later hours. Including the price action, shares of the company are now exchanging hands at 93 pence versus its year to date