IAG faces shareholder revolt over executive pay
British Airways owner IAG is facing a revolt with shareholders with a call to vote down a pay award for its top executive.
IAG investors are being advised to reject a new remuneration policy with a one-off share award for IAG CEO Luis Gallego.
They will vote on it at IAG’s annual general meeting later this month.
Last year Gallego earned £4.6m, up from £3.1m the year prior as global travel demand soared.
“The one-time award is tied to operating margin performance above the company’s medium-term ambition,” said proxy adviser ISS, which is urging shareholders to reject it.
“While the company’s rationale is noted, material concerns are identified with the concurrent operation of the one-time award and the existing restricted stock plan.”
Shares in IAG have almost doubled in the past year, valuing the group at about £15 billion.
IAG is also the parent of Iberia, Vueling and Aer Lingus.
The firm reinstated its first post-pandemic dividend last year after earnings reached around £1.1 billion.
Related News Stories: Virgin Australia launches IPO
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season