Divers

💸 Luis Gallego, CEO of IAG, is set for a salary boost with a new incentive plan pending shareholder approval on June 19. In 2023, he earned €5.5 million, including bonuses. The SPIP scheme could increase his base salary by 300% over three years, contingent on operational targets. In 2024, an operating margin of 15.96% is required for full incentives. IAG plans to extend the scheme to 300 executives, up from 250, promoting leadership retention and performance.

💸 Michael O’Leary, CEO of Ryanair, may secure a €125 million reward today at 16.28 Irish time, contingent on Ryanair's stock price maintaining at least €21 for 28 consecutive days. The stock value hovered around €23 this week. His reward comprises options to buy 10 million shares at €11.12 each. In 2021, O’Leary earned €250,000 and €980,000 in 2022, contrasting with the American Airlines CEO who earned €27 million in 2023.

📍 IAG7 opened a new office in Melilla on May 28 at Hotel Meliá Melilla, expanding its presence in North Africa with local agency África Travel, which has over 20 years of experience. IAG7 now operates more than 37 offices in Spain, Portugal, and Morocco, with a workforce exceeding 500 professionals. África Travel maintains its identity and team, offering customized travel services, with IAG7's support enhancing their operations and resources.

✈️ Qatar Airways recently announced the purchase of 160 Boeing aircraft during Donald Trump's visit to the Gulf. However, to balance its relations, Qatar canceled its order for 25 Boeing 737 Max 10s due to certification delays and switched to Airbus for its short-haul fleet. This move followed a past dispute with Airbus over A350 paint issues, highlighting Qatar's strategic shift to maintain competitive pricing by diversifying its suppliers.

📅 En 2024, temporada de verano, agencias de viajes preocupadas por precios. Encuesta de ObservaTUR: 80% de agentes ven el control de tarifas y costes como crucial. INE prevé campaña vacacional más cara que en 2024. Marcos Franco, portavoz de ObservaTUR, destaca la importancia de precios accesibles. 60% de agentes valoran mejorar conectividad. Menor consenso en sostenibilidad (57%) y armonía (52%). Solo 54% apoya mayor oferta de actividades en destinos. Diversificación y conectividad son claves para el turismo futuro.

✈️ Air Europa, Ryanair, EasyJet, Vueling, and Iberia offer various flight change policies. Air Europa charges €60-€150 for changes. Ryanair allows changes up to 2.5 hours before departure with fees of €45-€60. EasyJet charges €36-€59, depending on timing. Vueling allows changes starting at €50. Iberia offers flexible options with some free changes. All airlines may require fare differences if the new flight is pricier. Online changes are typically cheaper.

✈️ Emirates Airbus A380 faced strong winds at Manchester Airport, disrupting the initial landing attempt. The crew had to abort after the rear landing gear touched the runway, as seen in a video by Airliners Live. The successful landing occurred on the second attempt. 2025.

🛩 During the pandemic, Latam, a merger of Lan and Tam, and Gol faced bankruptcy. Now, Azul, Brazil’s third major airline, also declared bankruptcy on Wednesday due to financial troubles. Azul's stock dropped 40% that day, marking a 70% decline this year. CEO John Rodgerson plans debt restructuring talks. Previously, Azul swapped $550 million debt for shares and issued $500 million in bonds. United and American Airlines will provide $300 million.

🎪 Viajes El Corte Inglés, in 2024, ended Ávoris' exclusive Disney parks sales, including Disneyland Paris. They now have authorization to distribute Disney products at about 500 Traveltool-affiliated agencies via Smytravel. In 2024, Disney parks attracted 142.1 million visitors, highlighting their demand and profit margins. This shift boosts Traveltool's agency network, while competitors, displeased with Ávoris' previous exclusivity using LePlan and Touring Club, welcome the change.

📰 ONU Turismo's internal conflict coincides with its executive council meeting. On May 30, a new secretary-general for 2026-2029 will be elected. Spain and 19 countries seek an interim mandate from June 1 to December 31, urging current secretary-general Zurab Pololikashvili's immediate removal due to alleged ethical violations. Criticisms include misuse of resources for personal campaigning and alleged vote-seeking practices. Concerns over his ability to maintain neutrality persist, prompting demands for organizational integrity.