British Airways chief executive officer Alex Cruz will be replaced by Aer Lingus boss Sean Doyle.
, which is slashing thousands of jobs as the coronavirus decimates demand for air travel, announced on Monday, October 12, that chief executive officer Alex Cruz is stepping down"with immediate effect" but gave no reason for his unexpected departure.added in a statement that the Spanish businessman, who had been BA chief executive for 4 and half years, will be replaced by its Aer Lingus boss Sean Doyle.
"I want to thank Alex for all that he has done at British Airways. He worked tirelessly to modernize the airline. He has led the airline through a particularly demanding period and has secured restructuring agreements with the vast majority of employees."Investors fretted over the news, sending IAG shares down 2% to 101.45 pence in late Monday morning deals.
British Airways is in the process of axing 13,000 jobs or about one-third of its workforce in response to the COVID-19 pandemic, and is currently operating about one-quarter of its normal schedule.British pilots' union BALPA welcomed Monday's news.“Mr Cruz has been in the departure lounge for some time so this is no surprise.
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