The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 487.30
Bid: 488.00
Ask: 488.40
Change: 1.80 (0.37%)
Spread: 0.40 (0.082%)
Open: 489.00
High: 491.50
Low: 478.60
Prev. Close: 485.50
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EasyJet To Close Stansted, Newcastle And Southend Bases

Mon, 17th Aug 2020 15:21

(Alliance News) - Budget airline easyJet PLC has confirmed plans to close its bases in Stansted, Southend and Newcastle as the company tries to slash costs at the airports where 670 people work for it.

The company said that it will push ahead with the plans that it revealed in June, as it started consulting with staff over the future.

In May, easyJet had said it was going to cut as much as 30% of its workforce. It has now completed a consultation with the unions and will start talking to individual members of staff.

Around 670 pilots and crew work at the three bases that are going to be closed.

"We have had to take the very difficult decision to close three UK bases as a result of the unprecedented impact of the pandemic and related travel restrictions, compounded by quarantine measures in the UK which is impacting demand for travel," said Chief Executive Johan Lundgren.

He added: "Working closely with our employee representatives, I am pleased that we have been able to identify ways to significantly reduce the number of proposed compulsory redundancies through providing enhanced voluntary redundancy packages for all UK crew alongside additional options like part-time and seasonal contracts, base transfers and unpaid leave which we expect to result in reducing the number of job losses overall.

"We would like to reassure customers due to fly from these airports that we are now contacting anyone whose flight is affected with clear advice on their options, which include rerouting via alternative airports or receiving a full refund.

"I know this is a very difficult time for our pilots and crew and I would like to thank them for their continued professionalism."

EasyJet said that by consulting with Unite, 93% of the cabin crew who were at risk of compulsory redundancy chose an enhanced voluntary redundancy instead.

The airports will close from the beginning of next month, and customers who are affected will be told how to get a refund or to fly from another site.

source: PA

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
31 May 2024 11:46

Ryanair, Easyjet and others fined for cabin luggage fees

MADRID, May 31 (Reuters) - Spanish authorities have slapped fines on budget airlines Ryanair, easyJet , Vueling and Volotea totalling 150 million euros ($163 million), consumer groups who lead a six-year campaign against the charges said on Friday.

Read more
31 May 2024 08:55

Ryanair, others fined 150 mln euros in Spain for cabin luggage fees, SER radio reports

MADRID, May 31 (Reuters) - Budget airlines Ryanair , easyJet, Vueling and privately owned Volotea have been fined 150 million euros ($162.30 million) in Spain, local radio SER reported on Friday.

Read more
30 May 2024 13:14

JP Morgan stays at 'overweight' on EasyJet even as supply-demand balance returns

(Sharecast News) - Analysts at J.P.Morgan sounded a positive note on shares of Easyjet following the recent share price weakness that had taken them back to the levels last seen during the previous month of December.

Read more
30 May 2024 09:23

LONDON BROKER RATINGS: Jefferies and UBS cut Anglo American

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Read more
27 May 2024 07:06

easyJet, eyeing record summer, boosts nerve centre with AI

(Alliance News) - A cutting-edge facility featuring artificial intelligence – easyJet PLC's new control centre is tasked with handling about 2,000 mostly-European flights per day as the British airline eyes high summer demand. 

Read more
23 May 2024 09:46

Wizz Air returns to profit, sees robust year for travel

Company expects 500-600 mln euros FY25 net profit

*

Read more
20 May 2024 17:00

Miners lift London stocks as gold, copper hit record highs

FTSE 100 up 0.1%; FTSE 250 adds 0.6%

*

Read more
20 May 2024 11:59

Ryanair boss says 'recessionary feel' may be limiting air ticket price rises

Ryanair annual profit hits record 1.92 billion euros

*

Read more
17 May 2024 09:06

LONDON BROKER RATINGS: Jefferies says buy Tritax Big Box post merger

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

Read more
16 May 2024 17:33

FTSE 100 ends lower on disappointing corporate updates, BT Group soars

BT Group up after CEO aims for more than double free cash flow

*

Read more
16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

Read more
16 May 2024 16:47

EU poised to veto Lufthansa's ITA deal unless substantial remedies offered, sources say

BRUSSELS, May 16 (Reuters) - Lufthansa's bid to buy a stake in Italian peer ITA is set to be blocked by EU antitrust regulators unless there is a substantial improvement to remedies to address competition concerns, people with direct knowledge of the matter said on Thursday.

Read more
16 May 2024 13:02

Lufthansa offers short-haul compromise for ITA deal, sources say

BRUSSELS/FRANKFURT/ROME, May 16 (Reuters) - Lufthansa has offered to keep some competing ITA short-haul routes in an effort to secure EU antitrust approval for its bid for a stake in the Italian airline, people with direct knowledge of the matter said on Thursday.

Read more
16 May 2024 12:04

EasyJet sinks as CEO plans to step down next year

CFO Jarvis to succeed Lundgren as CEO early next year

*

Read more
16 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 dragged down by Sage Group and easyJet

(Alliance News) - Stock prices in London were lower at midday Thursday, with Wednesday's Wall Street session failing to shine in Europe.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.