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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  International Consolidated Airlines Group    IAG   ES0177542018

INTERNATIONAL CONSOLIDATED AIRLINES GROU

(IAG)
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International Consolidated Airlines : IAG's Aer Lingus boss Stephen Kavanagh to be succeeded by Sean Doyle

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10/11/2018 | 09:47am EST
Stephen Kavanagh, CEO of Aer Lingus

(Reuters) - International Airlines Group (IAG) said on Thursday that Aer Lingus chief executive Stephen Kavanagh will step down on Jan. 1, 2019 and will be succeeded by Sean Doyle, a British Airways director.

Kavanagh, who will remain with Aer Lingus as a non-executive director, is stepping down to pursue other interests, after a career that spanned over three decades at the Irish airline, with the last four in the top job.

IAG Chief Executive Willie Walsh credited Kavanagh with modernizing Aer Lingus, the flag carrier of Ireland founded by the government in 1936.

Doyle, who hails from Cork, Ireland, is also the director of network, fleet and alliances at IAG-owned British Airways.

IAG also said Mike Rutter, chief operating officer of Aer Lingus, has extended his contract with the airline.

(Reporting by Shariq Khan in Bengaluru; Editing by Kirsten Donovan and Emelia Sithole-Matarise)

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Financials (€)
Sales 2018 24 302 M
EBIT 2018 3 256 M
Net income 2018 2 736 M
Debt 2018 1 058 M
Yield 2018 3,99%
P/E ratio 2018 5,57
P/E ratio 2019 6,65
EV / Sales 2018 0,66x
EV / Sales 2019 0,61x
Capitalization 14 927 M
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 7,75 €
Spread / Average Target 2,2%
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Managers
NameTitle
William Matthew Walsh Chief Executive Officer & Director
Antonio Vázquez Romero Chairman
Enrique Dupuy de Lôme Chávarri Group Chief Financial Officer & Executive Director
Patrick Jean-Pierre Cescau Senior Independent Director
Kieran C. Poynter Independent Non-Executive Director
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