The cost of your next flight is likely to go up.

After two years of pandemic restrictions, travel demand is back, but airlines and airports that slashed jobs during the depths of the COVID-19 crisis are struggling to keep up.

An airline industry group is criticizing the European Union's Parliament for seeking to expand its emissions trading system to long-haul flights.

The airline industry is speeding up its campaign to allow more international travel.

LONDON The parent company of British Airways reeled to a loss of 3.8 billion euros ($4.5 billion) in the first six months of the year as travel restrictions from the COVID-19 pandemic ate into the bottom line. The company announced it plans to raise 2.75 billion euros through a proposed capital increase. Chief Executive Willie Walsh predicted that passenger levels wouldnt return to pre-virus levels until 2023, and that it is restructuring its cost base to reduce each airlines size.The group has already announced 12,000 cuts at British Airways. Walsh says the scale of the challenge eclipses the downturn faced by the industry after the Sept.11, 2001 attacks. Anyone who believes that this is just a temporary downturn and therefore can be fixed with temporary measures, Im afraid seriously misjudges what the industry is going through,'' he said.

Czech Republic's Prime Minister Andrej Babis, front right, welcomes his Slovak counterpart Igor Matovic, front left, in Prague, Czech Republic, Wednesday, June 3, 2020. The Czech Republic and Slovakia are fully opening their common border for travelers, cancelling restrictions that have been adopted to contain the coronavirus pandemic. The company anticipates an approximately $40 million charge related to the job cuts. The company, which is part of Germanys Volkswagen Group, said it is looking to make the initial job cuts under a voluntary scheme but that future job cuts may be on a compulsory basis. Slovak Prime Minister Igor Matovic says the move becomes effective on Friday.