IAG delays management changes as it braces for 75% capacity cut
British Airways and IAG’s management team is to remain in place for the time being, to help steer the company through the coronavirus crisis, as it prepares to cut capacity by 75% for April and May. IAG CE Willie Walsh is delaying his retirement, and his successor – Iberia CE Luis Gallego – will stay in his role at the helm of the Spanish carrier for the “next few months”, the group states. Vueling’s head, Javier Sanchez, will also stay in his post with the budget airline. He had been due to succeed Gallego at Iberia. IAG says the measures are intended to provide management stability during the coronavirus crisis. IAG says it expects Q1 capacity to be down by 7.5% compared with last year’s figure. But it is planning to cut capacity by at least 75% over the 2-month period of April-May. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-17/oneworld/iag-delays-management-changes-as-it-braces-for-75-capacity-cut
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IAG delays management changes as it braces for 75% capacity cut
British Airways and IAG’s management team is to remain in place for the time being, to help steer the company through the coronavirus crisis, as it prepares to cut capacity by 75% for April and May. IAG CE Willie Walsh is delaying his retirement, and his successor – Iberia CE Luis Gallego – will stay in his role at the helm of the Spanish carrier for the “next few months”, the group states. Vueling’s head, Javier Sanchez, will also stay in his post with the budget airline. He had been due to succeed Gallego at Iberia. IAG says the measures are intended to provide management stability during the coronavirus crisis. IAG says it expects Q1 capacity to be down by 7.5% compared with last year’s figure. But it is planning to cut capacity by at least 75% over the 2-month period of April-May. <br/>
