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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 EDT
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 2019 25 891 M
EBIT 2019 3 279 M
Net income 2019 2 224 M
Debt 2019 5 761 M
Yield 2019 6,43%
P/E ratio 2019 4,68
P/E ratio 2020 4,34
EV / Sales 2019 0,62x
EV / Sales 2020 0,53x
Capitalization 10 410 M
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Number of Analysts 14
Average target price 7,80 €
Spread / Average Target 49%
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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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