EasyJet chief cuts salary as airline reveals 52% gender pay gap

EasyJet

After a successful first round of the initiative Easy Jet have upped their targets for women pilots

The new easyJet chief executive, Johan Lundgren, has voluntarily taken a £34,000 pay cut to match the salary of his predecessor, Carolyn McCall.

The rest of his paypacket will also be the same as his predecessor, Carolyn McCall, who left last summer to become chief executive at ITV.

He said: "I also want to affirm my own commitment to address the gender imbalance in our pilot community which drives our overall gender pay gap".

The gender pay gap in EasyJet is now 51.7%, but the budget airline says this is not because of unequal pay for women.

So let's call this an important start - both in message and in action - aimed at keeping the critical conversation going. In all or respects, including bonuses, your remuneration package will be identical to McCall's.

The company blamed the imbalance on the higher salaries paid to its mostly male pilots.

Pilots in the United Kingdom, the United States, and around the world are overwhelmingly men, with women making up approximately 3 percent of the number of pilots worldwide, according to research released by the Royal Aeronautical Society.

EasyJet was "absolutely committed" to giving equal pay and equal opportunity for women and men, said Mr Lundgren.

Sanford C. Bernstein, which has a "neutral" rating on easyJet, set a price target of 1,600p on the shares today.

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.

"We recognize we need to do better", the company said in a statement. A year ago it recruited 49 female pilots.

Lundgren joined Easyjet from Tui, where he was deputy chief executive. EasyJet added that they recruited 49 female co-pilots into their new entrant program in 2017; a 48-percent increase from the year before.

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