the company is bleeding red recording massive losses
At present, yes, but IAG is forecasting a return to profitability in the near future....
https://www.travelmole.com/news/iag-...m_medium=email
On another note, a (proper) British airline, Jet2, announced a few days ago that they will operate more flights in S22 than they did in S19, and that they see no let-up in demand.
It's not all doom and gloom out there!