Latest news with #LuisGallego
Business Post
a day ago
- Business
- Business Post
US markets open in the red
The Iseq All Share closed in the green on Monday, up 0.16 per cent from the previous... Christian Dior has named Northern Irish designer Jonathan Anderson as creative director... Glanbia, the global nutrition group, said on Monday it has completed a €50... Wall Street's main indexes opened lower on Monday as global trade tensions and geopolitical... Luis Gallego, chief executive officer of IAG, said the weaker demand on transatlantic... A gas power plant worth over €100 million backed by Sustainable Development Capital... The European Central Bank is about to lower interest rates for the final time before...
Time of India
a day ago
- Business
- Time of India
Luis Gallego IATA Chair: Luis Gallego Named IATA Chair as LATAM Airlines Group to Host AGM in Rio 2026, ET TravelWorld
Advt Advt By , ETTravelWorld Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETTravelWorld App Get Realtime updates Save your favourite articles Scan to download App Following a landmark gathering in New Delhi for its 81st Annual General Meeting (AGM), the International Air Transport Association (IATA) has confirmed a dual leadership and geographical shift: Luis Gallego, CEO of International Airlines Group (IAG), has been named Chair of the IATA Board, while LATAM Airlines Group will host the 82nd AGM in Rio de Janeiro, Brazil, in June baton was passed to Gallego at the conclusion of the AGM in New Delhi on 2 June 2025. Gallego, who becomes the 83rd Chair of the IATA Board, brings nearly three decades of experience across Europe's aviation sector. His leadership tenure at Iberia, Iberia Express, Vueling, and Clickair helped steer these carriers toward greater efficiency and service excellence. Gallego's current position at the helm of IAG since 2020 has positioned him at the forefront of European aviation strategy.'I am honoured to be taking up the position of Chair of the IATA Board,' said Gallego. 'Our industry faces complex challenges—from environmental sustainability to global infrastructure—but it also has extraordinary potential driven by its people. I look forward to steering IATA's efforts in creating a strong, innovative and resilient global airline industry.'IATA Director General Willie Walsh welcomed Gallego's appointment, stating, 'Luis has a long and deep involvement with the complex issues which are top priorities for our Association—facilitating net zero carbon emissions by 2050, achieving a smart approach to regulation and ensuring the right capacity and cost structure.'Looking ahead, LATAM Airlines Group will host the next AGM in Rio, marking the association's return to South America for the first time since 1999. 'We are excited to accept LATAM's offer to host IATA's 82nd AGM,' Walsh added. 'Meeting in the largest aviation market in South America highlights the region's rising strategic role in global connectivity.'For LATAM, the event presents an opportunity to showcase both the growth of its own operations and the evolving aviation landscape in Brazil. 'LATAM is proud to host the IATA AGM in Brazil in 2026, the main market for our airline group connecting South America to the world,' said Roberto Alvo, CEO of LATAM Airlines Group. 'Rio de Janeiro, one of the most spectacular cities globally, will ensure a memorable experience for attendees.'With a network spanning 153 destinations in 27 countries and a record 82 million passengers transported in 2024, LATAM has also made significant strides in sustainability and fleet modernisation. The airline's legacy is rooted in a continent whose aviation history traces back to pioneers like Alberto Santos-Dumont. Brazil has previously hosted IATA AGMs in 1947 and 1999, both of which highlighted the country's centrality in Latin American Gallego taking on IATA's top board role and LATAM preparing to welcome aviation leaders to Rio, the next chapter for the airline industry promises a sharper focus on sustainability, regional inclusion, and collaborative leadership.
Irish Times
a day ago
- Business
- Irish Times
Aer Lingus owner sees transatlantic slowdown recovering
IAG said the weaker demand on transatlantic routes has shown signs of easing over the past three weeks as the travel outlook begins to stabilise following a period of uncertainty. The Aer Lingus and British Airways owner noticed 'several weeks' of demand softness in its economy cabins from the US, though the situation is now recovering, IAG chief executive Luis Gallego said on Monday in a Bloomberg TV interview. Some corporate travel also slowed after the US announced tariffs and business passengers delayed some travel as a result, he added. Some airlines saw a decline in travelers flying between Europe and the US after President Donald Trump imposed tariffs on countries around the world. IAG, Air France-KLM and Deutsche Lufthansa AG all previously said that the weakness was more noticeable on their cheaper seats, while demand for premium travel remained robust. 'I think it's more the uncertainty,' Gallego told Bloomberg's Guy Johnson in New Delhi at the annual general meeting of the International Air Transport Association. 'People don't know what's going to happen.' READ MORE IAG, which also owns Spain's Iberia, last month announced a large purchase of Boeing and Airbus wide-body jets, a decision it made independently of tariffs, Gallego said. Following a US trade deal with the UK, the airline group won't pay duties on its Boeing aircraft delivered to British Airways, he said. 'It's true that we wanted to have more certainty on tariffs,' Gallego said. 'We still need more details about the complete aviation picture.' Aer Lingus narrowed its losses to €55 million for the first three months of this year, as it focuses on its key summer season. The carrier is banking on transatlantic demand remaining strong, having launched new routes including to Nashville. It has also announced new flights to Mexico's Cancun, traditionally popular with holidaymakers travelling from the US. - Bloomberg
Travel Daily News
2 days ago
- Business
- Travel Daily News
Luis Gallego becomes Chair of IATA Board for 2025-2026
Luis Gallego, IAG CEO, begins his one-year term as IATA Board Chair, addressing aviation's key global challenges and priorities. NEW DELHI – The International Air Transport Association (IATA) announced that Luis Gallego, CEO of International Airlines Group (IAG), has assumed his duties as Chair of the IATA Board. His one-year term began at the conclusion of the 81st IATA Annual General Meeting in New Delhi, India, on 2 June 2025. Gallego is the 83rd Chair of the IATA Board on which he has served since 2018. Gallego succeeds IndiGo CEO Pieter Elbers, who will continue to serve on the Board. 'I am honored to be taking up the position of Chair of the IATA Board. The airline industry faces significant challenges – accelerating environmental action, managing geopolitical shifts and supply chain issues, and dealing with concerns over infrastructure capacity and costs. At the same time, the industry has incredible strengths to call on – most of all the quality of the people that strive to make aviation a safe, secure and rewarding experience for millions of travelers every day. IATA has a vital role in harnessing these human and technical resources to deliver leadership and innovation. I look forward to playing my part in steering IATA in its long mission for a strong and successful airline industry,' said Gallego. Gallego has nearly 30 years of broad experience in the aviation industry. He became IAG's chief executive in September 2020, joining from Iberia, where he was chairman and chief executive from January 2014. During his tenure at Iberia, he turned the airline around and improved its efficiency, customer service and brand. Before that, Gallego launched Iberia Express, as chief executive from January 2012, making the new Iberia subsidiary one of the most efficient and punctual airlines in Europe. Gallego joined Iberia Express from Vueling where he was chief operating officer from 2009, when the airline merged with the low-cost carrier Clickair which he co-founded in 2006. He held various posts at Spanish regional airline Air Nostrum between 1997 and 2006. 'I look forward to working with Luis to deliver an agenda of IATA activities that are critical to the current and future success of our member airlines. Luis has a long and deep involvement with the complex issues which are top priorities for our Association – facilitating net zero carbon emissions by 2050, achieving a smart approach to regulation and ensuring a capacity and cost structure that can meet the growing demands for air connectivity. I also want to thank Pieter Elbers for his strong support and leadership over the past year, and in particular for his hosting of a spectacular and invigorating AGM in India,' said Willie Walsh, IATA's Director General. Chair Elect and Board Appointments IATA announced Roberto Alvo, CEO of LATAM Airlines Group, to serve as Chair of the Board from June 2026, following Gallego's term. IATA also published the full list of its 32 Board members.
Bloomberg
2 days ago
- Business
- Bloomberg
US-Europe Air Travel Is Recovering, British Airways Owner Says
IAG Chief Executive Officer Luis Gallego says the weaker demand for transatlantic routes has shown signs of easing over the past three weeks. According to Gallego, IAG noticed 'several weeks' of demand softness in its economy cabins from the US, though the situation is now recovering. IAG owns airlines such as British Airways, Spain's Iberia and Ireland's Aer Lingus. Gallego speaks to Bloomberg's Guy Johnson on the sidelines of the International Air Transport Association (IATA) annual meeting in New Delhi, India. (Source: Bloomberg)
