easyJet (EZJ)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

539.00p
   
  • Change Today:
      0.80p
  • 52 Week High: 577.80
  • 52 Week Low: 359.90
  • Currency: UK Pounds
  • Shares Issued: 758.01m
  • Volume: 2,553,599
  • Market Cap: £4,085.67m
  • RiskGrade: 314

easyJet cabin crew secure 20pc rise in base pay

By Josh White

Date: Wednesday 10 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Cabin crew at low-cost airline easyJet are to receive a 20% increase in their basic pay, it was announced on Wednesday, after negotiations with the Unite union.
The union said the 18-month deal, reached after extensive discussions, included the substantial pay rise and also entailed an additional 3% on variable pay for easyJet crew members.

Unite said that cabin crew salaries fluctuate based on routes and base locations, with compensation directly tied to the flights undertaken, meaning longer journeys translate into higher earnings for cabin crew.

It said that alongside the permanent pay raise, cabin managers - both current and probationary - would receive a one-time payment of £2,000, while cabin crew flight attendants could expect £1,500.

"Unite is steadfast in its mission to secure better pay, jobs and conditions and It it is excellent that our hard working members at easyJet receive a historic pay increase due to Unite," said the union's general secretary, Sharon Graham.

Beyond the salary enhancements, Unite said it also successfully advocated for policy revisions at easyJet.

The airline would now provide a £15 compensation to all cabin crew members onboard in the event of a service disruption lasting over an hour, doubling to £30 if the delay surpassed the 120-minute mark.

"Through the union's collective strength and solid negotiations, we have achieved a significant pay increase for our members," said Unite regional officer Lindsey Olliver.

"Cabin crew are an integral part of easyJet's operations, and this deal recognises their value."

At 1132 BST, shares in easyJet were up 2.06% at 585.4p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

easyJet Market Data

Currency UK Pounds
Share Price 539.00p
Change Today 0.80p
% Change 0.15 %
52 Week High 577.80
52 Week Low 359.90
Volume 2,553,599
Shares Issued 758.01m
Market Cap £4,085.67m
RiskGrade 314

easyJet Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.28% above the market average25.28% above the market average25.28% above the market average25.28% above the market average25.28% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Price Trend
65.67% above the market average65.67% above the market average65.67% above the market average65.67% above the market average65.67% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
44.68% below the market average44.68% below the market average44.68% below the market average44.68% below the market average44.68% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
54.47% above the market average54.47% above the market average54.47% above the market average54.47% above the market average54.47% above the market average
54.72% above the sector average54.72% above the sector average54.72% above the sector average54.72% above the sector average54.72% above the sector average

What The Brokers Say

Strong Buy 6
Buy 10
Neutral 2
Sell 1
Strong Sell 0
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

easyJet Dividends

  Latest Previous
  Final Final
Ex-Div 22-Feb-24 27-Feb-20
Paid 22-Mar-24 20-Mar-20
Amount 4.50p 43.90p

Trades for 29-Apr-2024

Time Volume / Share Price
16:17 300 @ 536.60p
16:14 0 @ 536.40p
16:14 0 @ 536.40p
16:14 0 @ 536.40p
16:14 0 @ 536.40p

easyJet Key Personnel

CEO Johan Lundgren

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