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"Not at all. And that is because it seems that people are just not traveling between the US and Europe as they did before as much as they used to before. So the North Atlantic route which is really crucial for IAG was quite weak over the third quarter and that in turn weighed on earnings which ended up missing estimates for that quarter. Airlines in Europe have been mentioning that weakness for quite a while now, saying that passenger demand into the US is becoming more and more restrained."
IAG is underperforming due to a significant decline in transatlantic travel, which is adversely impacting its key revenue-generating routes and earnings.
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