GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full 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: 468.90
Bid: 468.90
Ask: 469.20
Change: -4.20 (-0.89%)
Spread: 0.30 (0.064%)
Open: 473.10
High: 473.10
Low: 463.70
Prev. Close: 473.10
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
17 Apr 2023 14:51

Tuesday preview: UK employment, EasyJet in the spotlight

(Sharecast News) - The market spotlight on Tuesday would shift away a little from the US, barring surprises.

Read more
13 Apr 2023 09:48

LONDON BROKER RATINGS: HSBC lifts housebuilders; Peel cuts Britvic

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

Read more
3 Apr 2023 17:20

FTSE 100 hits three-week high as oil stocks soar; Cineworld plummets

UK factory activity slows in March

*

Read more
31 Mar 2023 12:15

LONDON MARKET MIDDAY: Shares climb ahead of key US inflation gauge

(Alliance News) - European markets were on the rise early Friday afternoon after eurozone inflation data failed to spring any negative surprise.

Read more
31 Mar 2023 10:01

LONDON BROKER RATINGS: UBS likes Beazley; Berenberg cuts Wood Group

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

Read more
30 Mar 2023 14:00

Sustainable Switch: Canada sets out green tax incentives in catch-up with U.S.

Sharon Kimathi Energy and ESG Editor, Reuters Digital Hello!

Read more
29 Mar 2023 18:02

Airlines urge measures to curb French air traffic disruptions

BRUSSELS, March 29 (Reuters) - European airline leaders called on Wednesday for measures to prevent chronic French air traffic control strikes penalising thousands of passengers using the country's airspace for transit, as Paris warned of new protests on Thursday.

Read more
29 Mar 2023 10:39

Summer travel set to improve from last year, Ryanair CEO says

LONDON, March 29 (Reuters) - Aviation in Europe can expect a better summer than last year, Ryanair CEO Michael O'Leary said on Wednesday in Brussels, but air traffic control strikes would continue to weigh heavily on the industry.

Read more
26 Mar 2023 13:22

Sunday newspaper round-up: HSBC, Easyjet, Sky

(Sharecast News) - A group of investors in Hong Kong have jostled HSBC into a shareholder vote on its structure and strategy, including a possible spin-off of its Asian unit. The group was led by minority shareholder Ken Lui. Its argument was that the Asian unit was "effectively subsidising" the western business to the detriment of shareholders. It was not clear if Chinese insurer Ping An would back Lui's latest move. For its part, the board told shareholders in a notice sent ahead of its AGM on 5 May that such a spin-off would "significantly dilute" its strategy, result in a material loss of value and lead to lower dividends, The Sunday Times first reported. - Guardian

Read more
20 Mar 2023 11:58

Rising airline emissions could trigger global caps as early as 2024 -trade group

March 20 (Reuters) - Rising airline traffic is expected to trigger global emissions-related requirements for some carriers as early as next year, according to a top airline trade group, even as debate broadens on the effectiveness of that approach.

Read more
20 Mar 2023 10:00

Rising airline emissions could trigger global caps as early as 2024 -trade group

March 20 (Reuters) - Rising airline traffic is expected to trigger global emissions-related requirements as early as next year according to a top airline trade group even as debate broadens on the effectiveness of that approach.

Read more
14 Mar 2023 09:33

LONDON BROKER RATINGS: SocGen cuts Ferguson to 'hold' from 'buy'

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

Read more
14 Mar 2023 07:58

LONDON BRIEFING: TP ICAP profit up; impairments sting Close Brothers

(Alliance News) - Shares in London are called to open lower on Tuesday, amid Silicon Valley Bank contagion worries and inflation concerns, ahead of a US consumer price index reading.

Read more
13 Mar 2023 07:20

No departures at Berlin, Bremen, Hamburg airports as security staff strike

BERLIN, March 13 (Reuters) - Berlin, Bremen and Hamburg airports said no commercial flights would take off on Monday due to a strike by trade union Verdi over pay.

Read more
3 Mar 2023 14:21

KLM, airline industry to fight Schiphol Airport flight cap in court

AMSTERDAM, March 3 (Reuters) - KLM and other airlines on Friday said they are suing the Dutch government over plans to cap the number of annual flights allowed at Amsterdam's Schiphol Airport, saying it would hurt them, the Dutch economy and travellers.

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.