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

01 February, 2018, 00:29 | Author: Chad Mckenzie
  • Johan Lundgren is a 30-year travel industry veteran and former deputy CEO of TUI. Pic easyJet

Johan Lundgren, the new chief executive of European carrier EasyJet, announced Monday he will take a $48,000 pay cut to match the salary of his female predecessor.

The new male CEO of British airline easyJet has taken a pay cut to match the salary of the woman in the role before him, Carolyn McCall.

Here's Lundgren in a statement: "To show my personal commitment, I have asked the Board to reduce my pay to match that of Carolyn's when she was at EasyJet".

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A report previous year by the High Pay Centre and the Chartered Institute of Personnel and Development (CIPD) found that male CEOs in the FTSE 100 earned on average £2.1 million more than women in 2016 and were more likely to be called David than be female.

Mr Lundgren's starting annual salary was £740,000, while Ms McCall was on £706,000 when she left the budget airline in November. Lungren's bonus and other elements of his remuneration package are identical to McCall's at the time. The salaries of pilots (and cabin crew members) have been collectively agreed and negotiated with trade unions, which means that y are exactly same for men and women.

He was previously a deputy chief executive at travel group Tui.

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McCall is one of only eight female chief executives of a FTSE 100 company. It has a large wage gap of 51.7%.

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.

"We recognize we need to do better", the company said in a statement. The airline, 94 percent of whose pilots are male, has set a target that 20 percent of its new pilots should be female by the end of the decade.

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The airline has a 2020/20 target where 20 percent of new pilots will be women by 2020, up from 6 percent in 2015.

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