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Sebastian Siemiatkowski is mulling a company float on the public markets, but is undecided whether he would choose London or New York. Yet he will want to keep control over the business.
Willie Walsh, who led IAG from 2011 to 2020, said splitting up the company could not be ruled out if one part of the business is underperforming. BA is the biggest earner of IAG s airlines.
Experts had warned of a shecession after the hospitality and retail industries - which have a high proportion of female staff - were hammered by lockdowns.