The head of British Airways has resigned. He could not bear the pressure that the company is facing after losses


Cruze will be replaced by current Aer Lingus boss Sean Doyle. He will also take over Cruz’s role as head of the company’s board after the transitional period. Both airlines are part of the IAG airline group. The British daily came with information The Guardian.

Last month, Cruz was forced to justify a redundancy strategy in front of the unions, nicknamed “Throw and Hire.” The unions said it was nothing more than a plan to get 30,000 employees who still have jobs to take less money. Cruz was also forced to explain the company’s strategy to a parliamentary commission, which British Airways called a “national disgrace.” Cruz has resisted that the company is currently struggling to survive and has expressed great regret that so many loyal and hard-working employees will have to leave.

As the head of Aer Lingus, previously held by Sean Doyle, IAG’s parent company has appointed Donor Moriarty, the current head of corporate affairs. He will be in office as long as no replacement is found.

“We are in the middle of the worst crisis our company has had, and these personnel changes will help us deal with its consequences,” said Louis Gallego, head of IAG, the parent company of both carriers. In his own words, he would like the company’s position to remain strong.

“The CEO of British Airways Cruz has taken the company through a very difficult period, involved in restructuring and concluding new contracts with most employees. As soon as we put together a new team, we will focus on new operational and strategic corporate decisions that would again bring our shareholders a long-term profit, ”added IAG Chief Gallego.

British Airways will “ground” 650 pilots, canceling 12,000 seats due to the pandemic

The outgoing BA chief Alex Cruz was appointed to his position in 2016 and earned £ 805,000 (CZK 24 million) a year without benefits.

As of July this year, IAG recorded operating losses of 3.2 billion euros (86 billion CZK), of which a substantial part of this loss affected the company in the first half of the year, when passenger numbers dropped dramatically due to global coronavirus measures.

The record loss forced the IAG Group to issue emission rights worth 2.75 billion euros (74 billion CZK), the company also warned that in the outlook for 2023 and 2024, it does not expect a return to demand for tickets, which existed in 2019, concludes The Guardian.



Share on facebook
Share on pinterest
Share on twitter
Share on linkedin
Share on email


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.