Willie Walsh

“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.”

“Walsh has asked thousands of staff to take pay cuts or work for nothing for a month in a bid to save cash.”

“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…”

“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.”