We would love to hear your thoughts about our site and services, please take our survey 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: 539.00
Bid: 537.60
Ask: 537.80
Change: 0.80 (0.15%)
Spread: 0.20 (0.037%)
Open: 543.00
High: 543.60
Low: 531.20
Prev. Close: 538.20
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 Nov 2023 16:54

LONDON MARKET CLOSE: European stocks perk up but end day mixed

(Alliance News) - European equities closed off session lows during a mixed day on Tuesday, while stocks in New York went into the afternoon in the green, as comments from Federal Reserve officials cemented expectations that the US central bank has already enacted its last hike of the cycle.

Read more
28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

Read more
28 Nov 2023 12:04

LONDON MARKET MIDDAY: Equities fall but pound still sits above USD1.26

(Alliance News) - Stock prices in Europe were lower on Tuesday afternoon, as sentiment continues to to-and-fro between risk-on and risk-off, with remarks from central bankers in focus.

Read more
28 Nov 2023 09:14

TOP NEWS: easyJet hails record year as brings back dividend

(Alliance News) - easyJet PLC on Tuesday celebrated a "record" set of full-year results as it reinstated its dividends and reported a swing to profit.

Read more
28 Nov 2023 08:53

LONDON MARKET OPEN: Stocks slide in Europe; Rolls-Royce outperforms

(Alliance News) - Stock prices in London opened in the red on Tuesday, amid a lack of strong positive catalysts to provide momentum.

Read more
28 Nov 2023 07:42

LONDON BRIEFING: Rolls-Royce plans disposals, sets out 2027 targets

(Alliance News) - Stocks in London are called lower on Tuesday, with a stronger pound likely to weigh on the FTSE 100.

Read more
28 Nov 2023 07:05

easyJet reinstates dividend after swinging to full-year profit

(Sharecast News) - Budge airline easyJet swung to a profit in its annual results after a record second-half financial performance as it delivered a positive outlook for the year ahead and reinstated its dividend.

Read more
27 Nov 2023 10:27

Tuesday preview: Fedspeak, Easyjet in focus

(Sharecast News) - The market spotlight on Tuesday will be on speeches from a trio of top officials at the U.S. Federal Reserve.

Read more
21 Nov 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 22 November 
Bodycote PLCTrading Statement
Breedon Group PLCTrading Statement
Britvic PLCFull Year Results
Coats Group PLCTrading Statement
Grainger PLCFull Year Results
Helical PLCHalf Year Results
HICL Infrastructure PLCHalf Year Results
Johnson Matthey PLCHalf Year Results
Kingfisher PLCQ3 Results
Molten Ventures PLCHalf Year Results
NextEnergy Solar Fund LtdHalf Year Results
Redcentric PLCHalf Year Results
Rotork PLCTrading Statement
Sage Group PLCFull Year Results
Severn Trent PLCHalf Year Results
Shearwater Group PLCHalf Year Results
Speedy Hire PLCHalf Year Results
Ten Lifestyle Group PLCFull Year Results
Tremor International LtdQ3 Results
TT Electronics PLCTrading Statement
Victorian Plumbing Group PLCFull Year Results
Thursday 23 November 
Alpha Financial Markets Consulting PLCHalf Year Results
First Property Group PLCHalf Year Results
FirstGroup PLCHalf Year Results
Intertek Group PLCTrading Statement
Jet2 PLCHalf Year Results
LondonMetric Property PLCHalf Year Results
Mitie Group PLCHalf Year Results
Motorpoint Group PLCHalf Year Results
NewRiver REIT PLCHalf Year Results
PayPoint PLCHalf Year Results
Princess Private Equity Holding LtdQ3 Results
Virgin Money UK PLCFull Year Results
Volex PLCHalf Year Results
XPS Pensions Group PLCHalf Year Results
Friday 24 November 
no events scheduled 
Monday 27 November 
Celebrus Technologies PLCHalf Year Results
DSW Capital PLCHalf Year Results
JLEN Environmental Assets Group LtdHalf Year Results
Northern Bear PLCHalf Year Results
Rightmove PLCTrading Statement
Serinus Energy PLCQ3 Results
SysGroup PLCHalf Year Results
Tuesday 28 November 
Altitude Group PLCHalf Year Results
Augmentum FintechHalf Year Results
Brickability Group PLCHalf Year Results
DP Eurasia NVTrading Statement
easyJet PLCFull Year Results
Focusrite PLCFull Year Results
Greencore Group PLCFull Year Results
IG Design Group PLCHalf Year Results
Kinovo PLCHalf Year Results
Loungers PLCHalf Year Results
Mercia Asset Management PLCHalf Year Results
Pets At Home Group PLCHalf Year Results
Renew Holdings PLCFull Year Results
Safestore Holdings PLCTrading Statement
Supreme PLCHalf Year Results
Topps Tiles PLCFull Year Results
Treatt PLCFull Year Results
Vp PLCHalf Year Results
Watkin Jones PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
16 Nov 2023 09:40

LONDON BROKER RATINGS: Exane BNP cuts Entain but raises SSE

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

Read more
16 Nov 2023 07:47

LONDON BRIEFING: Burberry cuts guidance; Mars to buy Hotel Chocolat

(Alliance News) - Stocks in London are called flat on Thursday, as Asian markets succumb to profit taking after recent gains.

Read more
6 Nov 2023 16:59

LONDON MARKET CLOSE: Stocks fail to shine despite dovish sentiment

(Alliance News) - Stock prices in London closed mixed on Monday, whilst US markets opened higher, with investors continuing to digest hopes that interest rates have peaked.

Read more
6 Nov 2023 16:45

London close: Stocks mixed, Ryanair leads low-cost airlines higher

(Sharecast News) - London's stock markets finished mixed on Monday, with low-cost airlines in focus as investors cheered Ryanair's latest figures.

Read more
6 Nov 2023 12:04

LONDON MARKET MIDDAY: Tepid start to new week as investors take stock

(Alliance News) - London's FTSE 100 drifted marginally lower heading into Monday afternoon in uncertain trade as investors reassess the near-term outlook for equity markets after a bullish week for stocks last week.

Read more
3 Nov 2023 09:31

LONDON BROKER RATINGS: JPMorgan lifts Smith & Nephew

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

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.