EasyJet CEO takes £34000 pay cut to match female predecessor

Easyjet
LOIC VENANCE AFP Getty Images
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01 February, 2018

The new CEO of EasyJet, Johan Lundgren, has made a decision to lower his salary "as a gesture to equal pay", according to British airline reported in a statement.

The gender pay gap in EasyJet is now 51.7%, but the budget airline says this is not because of unequal pay for women. Lundgren's starting annual salary was £740,000, which he will now reduce to match the £706,000 earned by McCall when she left the budget airline.

EasyJet stresses that Lundgren's benefits aside from pay already matched those received by McCall.

The current pay gap in easyJet is notoriously high, with a difference of male pay to female at 51.7 percent.

EasyJet said its average male salary was nearly 52% higher than the average female salary - largely because there are so few female pilots.

EasyJet says they are recruiting more female pilots, and hope that by 2020 20 percent will be women. In all other respects his remuneration package is identical to his predecessor.

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Lundgren said: "At easyJet we are absolutely committed to giving equal pay and equal opportunity for women and men".

EasyJet, the Luton, England-based carrier, had set Lundgren's starting salary at approximately $1.04 million; a raise of almost $48,000.

She was appointed dame for services to the aviation industry in 2016.

Earlier this month, EasyJet announced revenues jumped more than 14 percent in its first quarter, profiting in part from the collapse of rivals and massive flight cancelations at Ryanair, largely owing to a pilots shortage.

"We recognize we need to do better", the company said in a statement. That is why three years ago easyJet launched our Amy Johnson Initiative to encourage more women to enter the pilot profession. About 5 percent of its pilots are women but the carrier said it hired 49 women pilots in 2017, an increase of 48 percent from the previous year. Some 94 percent of the company's pilots are men, according to a statement from the company.


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