Globalia Appoints Ramiro Campos as CEO and Reports Higher 2025 Profit

Globalia has appointed longtime legal director Ramiro Campos as Chief Executive Officer as the Spanish travel group strengthens its leadership team amid Air Europa’s ongoing strategic developments, including the planned sale of a minority stake to Turkish Airlines.

Campos, who has served as Globalia’s chief legal officer for several years, played a key role in the company’s proposed sale of Air Europa to IAG, its state-backed financing during the COVID-19 pandemic and subsequent legal proceedings related to that support. The company has also added several experienced legal and corporate executives to the boards of Globalia and Air Europa as part of a broader governance restructuring.

The leadership changes coincide with improved financial performance. Globalia reported net profit of €118 million for 2025, up 21% year-over-year, while revenue increased 7.6% to €3.52 billion, supported by continued recovery in air transport, airport services, aircraft maintenance and tourism activities. Operating cash flow doubled to €306 million, enabling the group to reduce long-term debt by €605 million to €370 million after repaying its €475 million government support loan ahead of schedule.

The group’s momentum has continued into 2026, with first-half revenue rising 8% year-over-year to €1.66 billion. Although higher fuel prices and geopolitical tensions weighed on Air Europa’s performance, Globalia returned to a pre-tax profit of €40 million during the period, compared with a loss in the first half of 2025.