The airline’s owner International Airlines Group (IAG) announced on Monday that BA’s CEO Alex Cruz will step down, and will be replaced by AirLingus CEO Sean Doyle. Cruz will remain in a non-executive capacity at the airline before Doyle takes over. It’s unclear how long the transition period will last.
“We’re navigating the worst crisis faced in our industry and I’m confident these internal promotions will ensure IAG is well placed to emerge in a strong position” Gallego said.
During the pandemic, Cruz was at the helm when the airline announced it would be cutting 12,000 staff. The much-disputed plans, which were singled out by government officials, used a “fire and rehire” policy in order to enact pay cuts of up to 50%.
Last week, the U.K. government announced its long-awaited Global Travel Taskforce, which should give a much-needed lift to the travel and aviation industries. By offering a testing alternative to quarantine, industry executives believe that travelers will be more willing to travel to or from the U.K. More information is expected by November.
In July, IAG reported a loss of £3.8 billion for the first half of the year. At the time, Walsh detailed that the group didn’t expect demand to return until 2023 or 2024.
Source: The Point Guy