Walsh, the CEO of IAG, has been quick to rail against rising fuel costs and increased air passenger duty tax in recent months, and in March he attacked the government for its failure to kickstart economic growth.

However, it seems things aren’t so bad for Walsh and his company. In addition, Keith Williams, the chief executive of British Airways, took home  almost £910,000 last year, according to the London Evening Standard.

IAG stated that Walsh had asked for his 2012 pay to be frozen, while Williams will apparently be paid 3 per cent more, taking his base salary to £650,000.

Picture: Getty