Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick pickseasyJet Regulatory News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 534.00
Bid: 535.40
Ask: 536.00
Change: 4.40 (0.83%)
Spread: 0.60 (0.112%)
Open: 530.40
High: 542.60
Low: 526.80
Prev. Close: 529.60
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Statement on CEO's Remuneration

29 Jan 2018 10:35

RNS Number : 1869D
easyJet PLC
29 January 2018
 

29 January 2018

Statement on easyJet's CEO remuneration

 

easyJet today announced that its CEO, Johan Lundgren, is to voluntarily reduce his salary to match that of his predecessor, Carolyn McCall.

 

Johan said:

 

"At easyJet we are absolutely committed to giving equal pay and equal opportunity for women and men. I want that to apply to everybody at easyJet and to show my personal commitment I have asked the Board to reduce my pay to match that of Carolyn's when she was at easyJet.

 

"I also want to affirm my own commitment to address the gender imbalance in our pilot community which drives our overall gender pay gap. easyJet has already gone further than other airlines in trying to attract more women into a career as a pilot. I want us not just to hit our target that 20% of our new pilots should be female by 2020 but to go further than this in the future."

 

Johan Lundgren starting annual salary was £740,000. He will now reduce it to match the £706,000 earned by Carolyn McCall when she left easyJet. In all other respects (bonus, LTIP etc.) his remuneration package is identical to Carolyn's.

 

 Gender Pay at easyJet

 

The overall gender pay gap figure at easyJet is 51.7%. This is driven not by unequal pay for women at easyJet but by the massive gender imbalance in our, and the aviation industry's, pilot community. Like all airlines pilots make up a large proportion of easyJet's employees, they are paid more highly than our other communities and, most materially, 94% of them are male. 

 

This is not about unequal pay. easyJet's pilots (and cabin crew) salaries and other pay is collectively agreed and negotiated with the trade unions, which means that the pay rates are exactly the same for men and women.

 

This gender imbalance is an issue for the whole aviation industry. Around 4% of commercial pilots worldwide are female. easyJet does better than the industry as a whole at 5% and easyJet's progressive culture has enabled female pilots to progress more easily than at other airlines. In fact, over a third of easyJet's female pilots are already Captains.

 

But we recognise we need to do better. That is why three years ago easyJet launched our Amy Johnson Initiative to encourage more women to enter the pilot profession. We set a target that 20% of new pilots should be female by 2020, up from 6% in 2015.

 

Last year we recruited 49 female new entrant co-pilots. That's a 48% increase on the previous year and takes the proportion of easyJet new entrant female pilots to 13%. This is a great achievement given the deep seated view in society that being a pilot is a male job and means the airline is on track to meet our 2020 target. 

 

For further details, please contact:

 

Media:

easyJet Press Office: 01582 525252

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFKCDNKBKDDDB
Date   Source Headline
18th Mar 20242:26 pmRNSPublication of Final Terms
14th Mar 20247:00 amEQSPricing of Debt
12th Mar 20242:30 pmEQSDirector/PDMR Shareholding
22nd Feb 20243:15 pmEQSDirector/PDMR Shareholding
13th Feb 20242:30 pmEQSDirector/PDMR Shareholding
13th Feb 20241:13 pmRNSPublication of a Prospectus
8th Feb 202411:30 amEQSResult of AGM
24th Jan 20247:00 amRNSQ1 Trading Update
11th Jan 20242:00 pmEQSDirector/PDMR Shareholding
8th Jan 202411:51 amEQSNotice of AGM
2nd Jan 202411:00 amEQSDirector/PDMR Shareholding
19th Dec 202311:15 amEQSResults of General Meeting
13th Dec 202312:46 pmEQSDirector/PDMR Shareholding
13th Dec 20239:58 amEQSAnnual Report and Accounts
12th Dec 20231:00 pmEQSDirector/PDMR Shareholding
11th Dec 20237:03 amEQSDirector Declaration
29th Nov 202312:28 pmEQSPublication of Circular and Notice of General Meeting
28th Nov 20237:00 amRNSFinal Results
13th Nov 202312:15 pmEQSDirector/PDMR Shareholding
12th Oct 20237:00 amEQSTrading Update for the year ended 30 September 2023 and Proposed Aircraft Purchase
11th Oct 20231:30 pmEQSDirector/PDMR Shareholding
12th Sep 20232:00 pmEQSDirector/PDMR Shareholding
5th Sep 202310:30 amEQSDirector/PDMR Shareholding
11th Aug 202312:00 pmEQSDirector/PDMR Shareholding
27th Jul 202311:30 amEQSDirector/PDMR Shareholding
20th Jul 20237:30 amEQSDirector/PDMR Shareholding
20th Jul 20237:00 amRNSTrading Update for the quarter ended 30 June 2023
11th Jul 20231:00 pmEQSDirector/PDMR Shareholding
26th Jun 20231:15 pmEQSNew undrawn five-year sustainability linked term loan facility
21st Jun 202310:45 amEQSDirector/PDMR Shareholding
13th Jun 20231:00 pmEQSDirector/PDMR Shareholding
23rd May 20234:45 pmEQSDirector/PDMR Shareholding
18th May 20237:00 amRNSHalf-year Report
11th May 20232:30 pmEQSDirector/PDMR Shareholding
18th Apr 20237:00 amEQSTrading Update for the six months ended 31 March 2023
17th Apr 20237:00 amEQSDirector Declaration
12th Apr 20232:15 pmEQSDirector/PDMR Shareholding*
13th Mar 20231:30 pmEQSDirector/PDMR Shareholding
13th Feb 202311:30 amEQSDirector/PDMR Shareholding
13th Feb 202310:30 amEQSDirector/PDMR Shareholding
9th Feb 20231:45 pmEQSResult of AGM
9th Feb 202312:45 pmEQSResult of AGM
25th Jan 20237:00 amRNSQ1 Trading Update
11th Jan 20235:00 pmEQSDirector/PDMR Shareholding
11th Jan 20234:00 pmEQSDirector/PDMR Shareholding
10th Jan 20232:40 pmEQSDirector/PDMR Shareholding
10th Jan 20231:40 pmEQSDirector/PDMR Shareholding
9th Jan 202311:29 amEQSNotice of AGM
9th Jan 202310:29 amEQSNotice of AGM
5th Jan 20238:00 amEQSDirectorate Change

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.