{"id":87239,"date":"2020-10-12T13:29:00","date_gmt":"2020-10-12T10:29:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/british-airways-replaces-boss-amid-industrys-worst-crisis\/"},"modified":"2020-10-12T13:29:00","modified_gmt":"2020-10-12T10:29:00","slug":"british-airways-replaces-boss-amid-industrys-worst-crisis","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/british-airways-replaces-boss-amid-industrys-worst-crisis\/","title":{"rendered":"#\n  British Airways replaces boss amid industry\u2019s \u2018worst crisis\u2019"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f9cd065c7b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f9cd065c7b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/british-airways-replaces-boss-amid-industrys-worst-crisis\/#Alex_Cruz_the_chief_executive_of_BA_is_to_step_down_with_immediate_effect\" >\u00c1lex Cruz, the chief executive of BA, is to step down with immediate effect.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/british-airways-replaces-boss-amid-industrys-worst-crisis\/#Lina_Saigol\" >Lina Saigol<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  British Airways replaces boss amid industry\u2019s \u2018worst crisis\u2019<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000030966\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.640625%;\" data-mobile-ratio=\"66.640625%\" data-layout-ratio=\"66.640625%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-243407?width=140&amp;size=1.5005861664712778 140w,\nhttps:\/\/images.mktw.net\/im-243407?width=540&amp;size=1.5005861664712778 540w,\nhttps:\/\/images.mktw.net\/im-243407?width=620&amp;size=1.5005861664712778 620w,\nhttps:\/\/images.mktw.net\/im-243407?width=700&amp;size=1.5005861664712778 700w,\nhttps:\/\/images.mktw.net\/im-243407?width=860&amp;size=1.5005861664712778 860w,\nhttps:\/\/images.mktw.net\/im-243407?width=1260&amp;size=1.5005861664712778 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-243407?width=620&amp;size=1.5005861664712778\" data-enlarge=\"https:\/\/images.mktw.net\/im-243407?width=1260&amp;size=1.5005861664712778\" alt=\"\" title=\" &amp;Aacute;lex Cruz, the chief executive of BA, is to step down with immediate effect.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Alex_Cruz_the_chief_executive_of_BA_is_to_step_down_with_immediate_effect\"><\/span> \u00c1lex Cruz, the chief executive of BA, is to step down with immediate effect.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            daniel leal-olivas\/Agence France-Presse\/Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>        \u00c1lex Cruz will step down as the chief executive of British Airways with im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te effect, as the airline navigates the \u201cworst crisis\u201d facing the industry.<\/p>\n<p> BA owner International Consolidated Group<br \/>\n        IAG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208070069\/delayed\" class=\"negative\">-1.69%<\/bg-quote><br \/>\n       announced the change on Monday as part of a wider <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/otp.tools.investis.com\/clients\/uk\/international_airlines_group\/rns\/regulatory-story.aspx?cid=2457&amp;newsid=1421482\" class=\"icon none\">shake-up<\/a> of management positions.<\/p>\n<div class=\"paywall\">\n       Sean Doyle, the chief executive of Irish carrier Aer Lingus,<br \/>\nwhich is also owned by IAG, will take over from Cruz.<\/p>\n<p>\u201cWe\u2019re navigating the worst crisis faced in our industry and I\u2019m confident these internal promotions will ensure IAG is well placed to emerge in a strong position,\u201d said IAG Chief Executive Luis Gallego.<\/p>\n<p>Gallego, who took over as head of IAG in September, replacing longstanding boss Willie Walsh, thanked Cruz for working \u201ctirelessly\u201d to modernize the airline and leading it through a \u201cparticularly demanding period.\u201d <\/p>\n<p>Doyle takes over at an unprecedented time for airlines, which are struggling to cope amid a collapse in demand for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> amid the pandemic.<\/p>\n<p><strong>Read:<\/strong> EasyJet pleads for government help as it reports first loss in its 25-year history <\/p>\n<p>BA has taken a number of measures to reduce costs, including axing 13,000 jobs and retiring its entire fleet of all of its iconic Boeing 747s. It has also auctioned off artwork to ease its coronavirus cash crunch.<\/p>\n<p>In September, IAG raised \u20ac2.74 billion to shore up its balance sheet and withstand a prolonged slump in air travel. At the time, the group said it was planning to cut capacity for 2020 by 63% compared with a previous estimate of 59%. Capacity in the fourth quarter is expected to be down by\u00a060%\u00a0from 2019 \u2014 a much steeper decline than its previous scenario of a\u00a046%\u00a0drop.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>For next year, it is expected to decline 27%, compared with 2019 and it doesn\u2019t think demand will recover until 2023 at the earliest.<\/p>\n<p><strong>Read:<\/strong> Come back, Americans: Urgent calls for U.S.-U.K. air bridge with airlines hit by fresh lockdown fears  <\/p>\n<p>Last week, the U.K. government unveiled a Global Travel Taskforce to look at how a testing regime for international arrivals could be implemented to boost safe travel to and from the U.K.   <\/p>\n<p>Russ Mould, investment director at AJ Bell, said that BA, which has historically relied on business travelers for a large part of its revenue, now faces the prospect of significantly reduced demand from this customer base as video conferencing has become second nature to people at work.<\/p>\n<p>\u201cDoyle will either have to dramatically drop British Airways\u2019 prices to lure these business travelers back or find a new way to keep its planes full in the sky once the health crisis dies down and economic prospects improve,\u201d Mould said.<\/p>\n<p>Cruz, who became BA\u2019s chairman and chief executive in April 2016, was at the helm of the airline when it was fined $230 million in 2019 for a data breach after the airline\u2019s website and mobile <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> were hacked. He was also in charge when an IT failure at the airline in 2017 left thousands of passengers stranded.<\/p>\n<p>Cruz will remain the airline\u2019s nonexecutive chairman.  <\/p>\n<p>As part of the management changes announced on Monday, IAG said Fernando Candela, the head of its airline Level, would take on the new role of group chief transformation officer.<\/p>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Lina Saigol \",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Lina_Saigol\"><\/span>Lina Saigol <span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-D78F66AE8023%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# British Airways replaces boss amid industry\u2019s \u2018worst crisis\u2019 &#8221; \u00c1lex Cruz, the chief executive of BA, is to step down with immediate effect. daniel leal-olivas\/Agence France-Presse\/Getty Images \u00c1lex Cruz will step down as the chief executive of British Airways with immediate effect, as the airline navigates the \u201cworst crisis\u201d facing the industry. BA owner&#8230;<\/p>\n","protected":false},"author":1,"featured_media":87240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-87239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/87239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=87239"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/87239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/87240"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=87239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=87239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=87239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}