The parent group of British Airways and Iberia has reported a 390m euro ($476m; £306m) loss for the six months to the end of June and warned it: "will not be able to avoid job losses".

 

Virgin Atlantic has reported an annual loss of £80m in the 12 months to the end of February, compared with a profit of £18.5m a year earlier.

Just when all the US carriers are finally making money.