EasyJet CEO takes $66k pay cut for gender equality

Posted February 01, 2018

EasyJet's new male chief executive has cut his annual salary to that of his female predecessor, citing the low-priced airline's commitment to equal pay, the group said Monday. He will now reduce it to match the £706,000 earned by Carolyn McCall when she left easyJet.

The announcement came as Easyjet confirmed that on average its female staff earned less than half the pay of male staff, one of the largest gender pay gaps of a big company as calculated under the government's new reporting rules.

"At easyJet we are absolutely committed to giving equal pay and equal opportunity for women and men", Lundgren said in a statement.

So let's call this an important start - both in message and in action - aimed at keeping the critical conversation going.

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ITV said that performance reviews mean her overall earnings potential over a three to five-year period was greater than that of her predecessor.

The gender pay gap in EasyJet is now 51.7%, but the budget airline says this is not because of unequal pay for women. The airline says it has a progressive culture to enabled female pilots to progress more easily than at other airlines, with over a third of easyJet's female pilots already Captains.

British companies are under heightened scrutiny to address the gender pay gap, with the BBC facing criticism for paying some women less than men in equivalent jobs.

McCall left EasyJet at the end of 2017 to take up the chief executive role at United Kingdom broadcaster ITV.

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

The overall gender pay gap at easyJet is 51.7%.

Only about 4 percent of the world's commercial pilots are women, with easyJet slightly higher at 5 percent.

EasyJet said they recognised "we need to do better". A target that 20 per cent of new pilots should be female by 2020 was set, up from 6 per cent in 2015.

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