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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  International Consolidated Airlines Group, S.A.    IAG   ES0177542018

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

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International Consolidated Airlines S A : Alexandre de Juniac to step down as Director General and CEO of IATA in 2021

11/24/2020 | 06:32am EST
Alexandre de Juniac IATA

The International Air Transport Association (IATA) has announced that Alexandre de Juniac, Director General and CEO, will step down from his role at the Association from 31 March 2021.

De Juniac made known his intention to step down from the Association several months ago, which enabled a search process to facilitate a smooth leadership transition. The Association’s Board of Governors will recommend to the 76th IATA Annual General Meeting (AGM) on 24 November 2020 the appointment of Willie Walsh, former CEO of International Airlines Group (IAG), to become the eighth Director General from 1 April 2021.

"I did not come to this decision lightly. It has been the privilege of a lifetime to serve the global air transport industry – what I call the business of freedom – as the head of IATA. Over the last years, IATA has strategically increased its relevance as the voice of the global airline industry. This has been evident in the COVID-19 crisis. IATA has set the course to restore air connectivity amid the pandemic with systematic pre-departure testing. We are well into preparations to fulfil critical vaccine distribution needs. In parallel, we have restructured IATA to survive the crisis and be ready to support the industry recovery with an organisation dimensioned to serve a smaller industry. We have a motivated team that is determined to get the job done. The building blocks for an industry recovery are in place. Now is the right time to hand over IATA's leadership for the long process of recovery," said de Juniac.

De Juniac joined the Association in September 2016 from Air France-KLM, where he was Chairman and CEO.

"Alexandre has led our industry in extraordinary times. Under his leadership, IATA has become a stronger and even more relevant organisation. I am joined by all the members of the Board of Governors in thanking him for his service and wishing him well in his next endeavors. I am also pleased that we are able to present a very capable candidate to the 76th IATA AGM to succeed Alexandre in this important role. I am convinced that Willie will be a great Director General for IATA," said Carsten Spohr, Chair of the Association’s Board of Governors and CEO of Lufthansa.

Resolutions will be presented to the 76th IATA AGM thanking de Juniac for his service to IATA as Director General and CEO and proposing Walsh as the next IATA Director General.

© Russell Publishing Limited, 2020. All Rights Reserved., source Trade Journals

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Financials
Sales 2020 8 251 M 10 039 M 10 039 M
Net income 2020 -5 703 M -6 939 M -6 939 M
Net Debt 2020 11 542 M 14 044 M 14 044 M
P/E ratio 2020 -0,96x
Yield 2020 0,05%
Capitalization 8 796 M 10 701 M 10 702 M
EV / Sales 2020 2,46x
EV / Sales 2021 1,48x
Nbr of Employees 63 501
Free-Float 89,6%
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Mean consensus BUY
Number of Analysts 19
Average target price 2,09 €
Last Close Price 1,77 €
Spread / Highest target 99,4%
Spread / Average Target 18,0%
Spread / Lowest Target -37,8%
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Managers and Directors
NameTitle
Luís Gallego Martín Chief Executive Officer & Executive Director
Javier Ferrán Larraz Chairman
Stephen William Lawrence Gunning Chief Financial Officer
John Gibbs Chief Information Officer
Alberto Miguel Terol Esteban Senior Independent Director
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