IAG CEO Update

Willie Walsh, CEO, IAG praises Aer Lingus' performance and business model and Iberia's transformation under IAG, while acknowledging it has more work to do. He explains the thinking behind IAG's new Level brand for long haul low cost and highlights the differences between Qatar Airways' relationship with IAG and Etihad's approach to equity investment. He talks about the importance of big data and IAG's Hangar 51 start-up investment programme. Cost reduction remains a key priority for IAG.