Sean Doyle, CEO of IAG-owned Irish airline Air Lings, will become chief executive at British Airways with immediate effect and will take over as chairman of Cruise after the transition period. I.A.G. (ICAGY) Said in a statement on Monday. Doyle worked at British Airways for two decades before becoming head of Air Lingus about two years ago.
The IAG said Air Lings’ chief corporate affairs officer, Donal Moriarty, would be the interim CEO, while receiving a permanent replacement. Its losses in London fell by 2% on Monday.
Major airports, including British Airways, have cut thousands of jobs and streamlined their fleets in the expectation that international air travel will not return to the level it was at least until 2024 when the epidemic hit. Low cost carrier EasyJet (ESYJY)Said last week that it expects to suffer the first annual loss in its 25-year history.
Suzanne Streeter, senior market analyst at Hargreaves, said British Airways faced the toughest challenge in its history as demand for international travel fell and British Airways faced the toughest challenge in its history. Lansda said in a research note on Monday.
British Airways warned in April that it could cut as many as 12,000 jobs, but has since said that about 10,000 employees – or more than a fifth of its employees, will leave the company, through a majority voluntary redundancy. The carrier is retiring its entire fleet of Boeing four years ahead of schedule. Last month, IAG’s shareholders, including Qatar Airways, allowed the group to raise મૂ 3.3 billion in capital to help the environment.
“We are exploring the worst crisis facing our industry and I am confident that these insights will ensure that IAGs remain in a strong position,” IAG CEO Luis Gallego said in a statement on Monday.
Gallego thanked Cruz for working tirelessly to “modernize” IAG’s flagship carrier. He added that he has led airlines, especially during periods of demand, and has restructured agreements with most employees. Cruz, who began his career American Airlines (AL), Became CEO of British Airways in April 2016.
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