Business

Tough times for Doyle at ‘world’s most popular airline’

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It’s a tough time for any airline right now, but the pressure is still on for the ‘world’s favorite airline’. It has always been difficult for British Airways CEO, Irishman Sean Doyle, to make the leap from Aer Lingus to the top position at BA, one of the most prestigious positions in global aviation.

BA has recently canceled more than 1,000 flights due to staff shortages amid fears of “a summer of travel chaos” ahead. A spate of IT meltdowns at the airline has increased pressure on management as it seeks to restore its flight schedule to pre-pandemic levels.

It all means increased pressure for Doyle, as a report in the UK press claims that parent company IAG, which is itself suffering huge losses, has even discussed his replacement. But others were quick to point out that many of the problems Doyle faced at the airline predated his tenure as chief executive.

“He inherited an assignment when nobody wanted to deal with the challenges. He is painfully aware of the need to put things right,” an aviation analyst reportedly said in defense of the reticent Irishman, who appears to have a few months ahead of him.

IDA goes on a business safari in South Africa

South Africa is known to many Irish for its stunning scenery, rolling vineyards and thriving wildlife, but the Foreign Direct Investment Agency (IDA) is hoping to capitalize on the rainbow nation’s business credentials.

Last week IDA published a call for tenders to find a business development consultant to represent IDA’s interests in South Africa with a mandate to attract new foreign direct investment (FDI) to Ireland from the South African business community.

It hired a consultant to attract new investments there in 2019, but the contract is about to expire.

IDA currently has 12 clients with headquarters in South Africa and offices in Ireland. Clients come from a range of different sectors including pharmaceuticals, financial services, business services and animation.

Brewdog serves employee payouts

Irish employees at Scottish pub chain and craft brewery giant Brewdog could be in for a treat.

BrewDog employees face potential payouts of up to £120,000 after CEO James Watt pledged to share £100m of his personal stake in Britain’s biggest craft brewer with them.

The hourly bar staff, who make up the rest of BrewDog’s 2,250 employees, receive half of the profits made at the 111 bars in a separate incentive program every six months.

Brewdog has a pub in Dublin and is due to open in Cork.

https://www.independent.ie/business/tough-times-for-doyle-at-worlds-favourite-airline-41623350.html Tough times for Doyle at ‘world’s most popular airline’

Fry Electronics Team

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