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easyJet PLC Add to portfolio

LON100:EZJ, Jul 13, 08:55 UTC

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Friday, July 10


News

Union criticises easyJet proposals for job cuts

EZJ

It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times.Close. The pilots’ union has branded proposals by easyJet to use sick days as a factor when deciding who to axe as part of its wave of redundancies as “unnecessary and wrong”. The British Airline Pilots’ Association (Balpa) said that the airline had told pilot representatives it intended to use sickness as a “key component” in choosing which 727 pilots will lose their jobs. EasyJet has around 15,000 full-time employees – including 8,000 based in the UK – meaning a maximum of 4,500 jobs are at risk. But a spokeswoman for the airline denied that sickness was a “key component” and said that absence was one of a number of criteria being put forward in the proposals.

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James Cleverly holds talks with easyJet over closure plan

EZJ

These adverts enable local businesses to get in front of their target audience – the local community. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times.Close. BRAINTREE’S MP has held crunch talks with a budget airline after it revealed plans to close its base at Stansted Airport. Mr Cleverly held discussions with bosses on Friday to express his concerns about the impact it would have on his constituents. And despite admitting there was no easy solution, he insists a final decision on whether to close the base at Stansted has not yet been made.

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Monday, July 06


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Easyjet, Ryanair, British Airways and Jet2 all issue updates over hand luggage and baggage rules - Birmingham Live

IAG EZJ +1 more IAG EZJ IAG

By clicking “Accept” below, you agree to us doing so. You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. A string of popular airlines have all posted updates on its hand luggage and baggage fees as flights restart following the coronavirus lockdown. As lockdown is lifted, the Foreign Office has changed its advice to allow British holidaymakers the chance to journey abroad. Last week, the Department for Transport (DfT) named 74 countries and territories from where people will not need to quarantine if they return to or visit England from Friday.

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Sunday, July 05


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New luggage rules brought in for travellers by EasyJet, Ryanair, Jet2 and British Airways

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You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. Anyone planning to travel abroad this summer should be aware of these changes to luggage rules as coronavirus restrictions are eased in the country. Under new Government guidance, travellers are being asked to check in luggage in a bid to minimise what they bring into the aircraft cabin. At this stage, it is unclear whether airlines may waive the fee for luggage passengers choose to put in the hold as part of these new measures, reports the Manchester Evening News.

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Tuesday, June 30


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EasyJet plans to close bases and cut staff

EZJ

Pilots' union Balpa said it had been told by EasyJet that 727 of its UK-based pilots were also at risk of redundancy. EasyJet chief executive Johan Lundgren said: "The lower demand environment means we need fewer aircraft and have less opportunity for work for our people. "We are committed to working constructively with our employee representatives across the network with the aim of minimising job losses as far as possible." However, Balpa general secretary Brian Stratton said the job cuts were "an excessive over-reaction". Easyjet currently has 11 bases in the UK, with 163 aircraft, serving 546 routes. Even though it is looking at closing the Stansted, Southend and Newcastle bases, it said the airports would remain part of its route network.

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! Murcia Today - Turbulence Ahead: Easyjet May Close Stansted, Southend And Newcastle Bases And Lose 30 Per Cent Of Staff

EZJ

Turbulence ahead: Easyjet may close Stansted, Southend and Newcastle bases and lose 30 per cent of staff. easyJet has announced today that it may have little choice other than to close bases and shed staff. The proposals include the potential closing of three of its bases in the UK – London Stansted, London Southend and Newcastle. We are fully committed to work closely with our employee representatives during these consultations with the aim of minimising job losses as far as possible. Since the pandemic began, easyJet has taken decisive actions to remove cost and non-critical expenditure from the business at every level to mitigate the impact however, in line with IATA projections, easyJet believes that the levels of market demand seen in 2019 are not likely to be reached again until 2023.

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Easyjet set to close its Newcastle Airport base as company cuts jobs because of coronavirus crisis

EZJ

The airline has announced that it will be closing its base at Newcastle Airport as part of job cuts after the Covid-19 pandemic leaves the travel industry severely damaged. A spokesperson said: “Newcastle Airport has a strong and long standing relationship with Easyjet and we are saddened to hear of possible job losses and the significant impact this would cause. “There is no doubt that the Covid-19 crisis is having a significant effect on the economy and jobs, and that our sector is being particularly badly hit. He said: "These are very difficult proposals to put forward in what is an unprecedented and difficult time for the airline and the industry as a whole. "We are focused on doing what is right for the company and its long-term health and success so we can protect jobs going forward. "Unfortunately the lower demand environment means we need fewer aircraft and have less opportunity for work for our people.”.

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Coronavirus UK news LIVE: Boris Johnson unveils 'New Deal' plan as deaths hit 43,575 and EasyJet closes three UK hubs

EZJ

Coronavirus UK news LIVE: Boris Johnson unveils ‘New Deal’ plan as deaths hit 43,575 and EasyJet closes three UK hubs. It comes as the coronavirus death toll in the UK stands at 43,575 and the global toll reaches half a million. There's been so much bad news from the aviation industry since lockdown began - including that Easyjet could slash thousands of jobs. And now Airbus is set to announce more than 10,000 job cuts. Boris Johnson's official spokesman said today there are no plans for a press conference to address questions on the Leicester lockdown extension.

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easyJet closes base at Stansted Airport

EZJ

Data returned from the Piano 'meterActive/meterExpired' callback event. As a subscriber, you are shown 80% less display advertising when reading our articles. Those ads you do see are predominantly from local businesses promoting local services. These adverts enable local businesses to get in front of their target audience – the local community. A spokesman for the airline, told the Sun: "As part of our update to the market on 28 May 2020 easyJet set out that it may need to reduce staff numbers by up to 30% as well as optimise its network and bases as a result of the pandemic.

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Thursday, June 25


News

easyJet share price falls 51% this year! Is it too cheap to ignore now?

EZJ

Budget airline carrier easyJet (LSE:EZJ) has frequently made headlines in recent months, not always for the right reasons. We can put this down to the coronavirus pandemic, but does it have what it takes to recover? It has raised £1.7bn during the pandemic and the rights issue should give it a cash balance of £3bn to see it through a nine-month grounding if required. For the rights issue to go ahead it will require shareholder approval, which may not go down well with easyJet founder Sir Stelios Haji-Ioannou who has clashed with the board frequently over the years. I think this airline will eventually recover and for the patient investor, the easyJet share price looks cheap, but it may well get cheaper.

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