Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video 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: 537.60
Bid: 536.80
Ask: 538.00
Change: -1.40 (-0.26%)
Spread: 1.20 (0.224%)
Open: 539.80
High: 543.80
Low: 536.80
Prev. Close: 539.00
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Ryanair to cut significantly fewer jobs after pay deals

Fri, 21st Aug 2020 15:42

* Pay cuts mean no redundancies needed among pilots to date

* Agreements still to be reached in Belgium, Italy, Germany
(Adds detail, quotes)

By Padraic Halpin

DUBLIN, Aug 21 (Reuters) - Ryanair plans to cut
significantly fewer jobs than the 3,000 it originally estimated,
after 97% of pilots and over 90% of cabin crew have signed up so
far to pay cuts and work practice changes, its director of
operations said on Friday.

Europe's biggest budget airline had warned it would have to
cut one in five of its pilots and cabin crew if they did not
agree to pay cuts of up to 20% after the COVID-19 crisis ravaged
its business.

The Irish airline struck a pay deal with Spanish pilots on
Thursday, leaving agreements outstanding with pilots in Belgium
and cabin crew in Italy and Germany.

"We haven't finalised the number yet, we originally said
there was going to be 3,000 redundancies but we have been able
to reduce that significantly," Neal McMahon told Reuters in a
telephone interview.

"Broadly speaking they (pilots and cabin crew) recognise the
grim situation we are in and they have been pragmatic."

Ryanair's Italian cabin crew union has put an agreement out
to ballot, while there were further talks in Germany on Friday
and the airline is in the middle of a collective redundancy
process in Belgium, Ryanair People Director Darrell Hughes said.

While cabin crew in Spain failed to join pilots in agreeing
terms this week, the collective bargaining system there allows
Ryanair to implement the changes and Hughes was confident its
position would stand up to challenge.

The executives added the airline had managed its pilot
numbers without redundancies to date through a mixture of
voluntary part time work, voluntary unpaid leave and spreading
shifts around.

Low-cost rival easyJet confirmed the loss of up to
670 jobs this week, part of a planned total of 4,500 that will
also likely be trimmed due to agreements on part time contracts,
base transfers and unpaid leave.

British Airways, owned by IAG, said in April it
would need to axe up to 12,000 of its 42,000 staff to survive.

Ryanair this week reduced its capacity by a further 20% for
September and October after a reimposition of some travel
restrictions hit bookings.

McMahon and Hughes said the number of redundancies would
depend on how winter booking fare and how much the pandemic
disrupts travel next year. Ryanair increased flights to 60% of
its normal schedule this month after resuming services in July.

"Airlines have for a long time relied on business traffic,
visiting friends and relatives and maybe an older non-family
market for travel in September, October, November," Hughes said.

"It's a big question as to what that level of demand is
going to be, but it's not looking good at present."
(Reporting by Padraic Halpin; Editing by Susan Fenton and Mark
Potter)

More News
28 Apr 2024 12:55

Lufthansa, ITA to give up 11 slots in Milan to get EU go ahead for tie-up - newspaper

ROME, April 28 (Reuters) - Germany's Lufthansa and Italian rival ITA will offer to cede 11 pairs of slots a day at Milan's Linate airport in order to secure the EU's green light for their proposed tie-up, Italian newspaper Corriere della Sera reported on Sunday.

Read more
28 Apr 2024 10:34

Lufthansa, ITA to give up 11 slots in Milan to get EU go ahead for tie-up - newspaper

ROME, April 28 (Reuters) - Germany's Lufthansa and Italian rival ITA will offer to cede 11 pairs of slots a day at Milan's Linate airport in order to secure the EU's green light for their proposed tie-up, Italian newspaper Corriere della Sera reported on Sunday.

Read more
24 Apr 2024 09:02

LONDON BROKER RATINGS: Investec cuts Hipgnosis Songs Fund to 'hold'

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

Read more
23 Apr 2024 09:00

LONDON BROKER RATINGS: Jefferies raises Reckitt; Learning Tech is cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

Read more
19 Apr 2024 12:02

LONDON MARKET MIDDAY: Stocks down on Israel attack on Isfahan, Iran

(Alliance News) - Stock prices in London were down at midday on Friday, as equity sentiment suffered by worries of a conflict escalation between Iran and Israel, after Iranian state media reported explosions in the province of Isfahan.

Read more
19 Apr 2024 09:26

LONDON BROKER RATINGS: Peel Hunt starts NatWest and Barclays at 'buy'

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

Read more
19 Apr 2024 08:49

LONDON MARKET OPEN: European stocks slump amid Middle East escalation

(Alliance News) - London's FTSE 100 traded lower in early exchanges, with sentiment hurt by worries of a conflict escalation in the Middle East, after state media in Iran reported explosions.

Read more
18 Apr 2024 17:08

London stocks gain on upbeat corporate earnings

FTSE 100 up 0.4%, FTSE 250 adds 0.6%

*

Read more
18 Apr 2024 16:52

LONDON MARKET CLOSE: Stocks recover some of recent Fed talk losses

(Alliance News) - Stock prices in London closed up on Thursday, despite the prospect of higher for longer US interest rates hanging over stocks, while initial jobless claims for the week came in steady.

Read more
18 Apr 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

(Alliance News) - Stock prices in London were higher on Thursday afternoon, despite the prospect of higher for longer US interest rates hanging over stocks.

Read more
18 Apr 2024 09:05

TOP NEWS: easyJet hails revenue surge as summer demand sound

(Alliance News) - easyJet PLC on Thursday reported a "positive outlook" for the remainder of its financial year, as it trimmed "seasonal losses" in its first half.

Read more
18 Apr 2024 08:59

LONDON MARKET OPEN: Europe up as overlooks New York tech sell-off

(Alliance News) - Stock prices in London opened higher on Thursday, with the FTSE 100 supported by some promising corporate updates.

Read more
18 Apr 2024 08:20

easyJet posts significant reduction in winter losses

(Sharecast News) - Low-cost airline easyJet reported a significant reduction in its winter losses in an update on Thursday, of more than £50m year-on-year, as demand for flights and holidays continued to rise, particularly for the upcoming summer season.

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.