“It emerged over the weekend that Walsh had won backing for a potential rights issue to raise up to £500m from the firm’s biggest shareholders in a bid to repair the airline’s balance sheet.”
“Walsh, who has agreed to work for nothing in July and sacrifice his monthly salary of £61,000, says the airline’s losses are running at almost £3m a day.”
“Willie Walsh, the outgoing director general of the International Air Transport Association (IATA), warned this month the global airline industry’s profits would be cut in half as a result of tepid de…”
