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Home » British Airways » British Airways’ CEO Turns Down Huge Bonus
British AirwaysNews

British Airways’ CEO Turns Down Huge Bonus

Matthew Klint Posted onJune 10, 2010 Leave a Comment

Times are tough for British Airways, but I have a lot of respect for Willie Walsh.

British Airways’ chief executive Willie Walsh has turned down a six-figure bonus for the second year as the carrier struggles with losses and a series of strikes by cabin crew.

The airline said in its annual report published Thursday that Walsh was eligible for bonus in the form of shares worth 334,000 pounds ($487,000) but he thought it was appropriate to say no.

Walsh also gave up a month’s pay last year, cutting his annual compensation to 674,000 pounds.

Sometimes it is impossible to win employees to your side, but I hope that disgruntled BA employees appreciate this gesture. Sure, he is still making nearly $1,000,000 this year before taxes, but I’d hardly call that unconscionable.

"I regret that we found ourselves at loggerheads with very valued members of staff at a critical time," Walsh said in the report. 

For BA’s sake, I hope that the loggerheads ceases soon.

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About Author

Matthew Klint

Matthew is an avid traveler who calls Los Angeles home. Each year he travels more than 200,000 miles by air and has visited more than 135 countries. Working both in the aviation industry and as a travel consultant, Matthew has been featured in major media outlets around the world and uses his Live and Let's Fly blog to share the latest news in the airline industry, commentary on frequent flyer programs, and detailed reports of his worldwide travel.

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