Easyjet New Recruitment Campaign

[mrguy]

Has a pay deal been agreed? No skin in the game, just interested.

[CaptainOrange]

Originally Posted by dhc1180

This pay deal is being typical drawn over a ridiculous amount of time whilst the CEO bangs on about netting 1 billion this year.

This is not correct. I’m 100% against how the company is dealing with this but stick to facts when posting here about your own(?) employer.
What the board and senior management has communicated to the market is “medium-term targets with the ambition to deliver >£1bn PBT”.
If that was the target for this year it would mean more than doubling profit this year from 2023 numbers.

All after his CFO admitted in an interview he’s was glad to have secured a below inflation pay deal post Covid and referred to all crew as cost buckets. That’s fine. Don’t give us what’s fair, in a cost of living crisis when you want your massive profits, then we’ll strike. Goodbye pocket lining!

This 100% but also, it’s the CFOs job keep costs down, to balance costs and deliver profits. BALPA’s job, and other unions involved for other groups of employees, is to look after the interests of easyJet pilots in the UK and to act as a counterweight to the company’s mission to increase profits.

[A320 Glider]

The problem with easyJet is that they have never recovered from their ridiculous COVID plan (even to this very day I type this).

When COVID hit, the majority of airlines did execute great plans to protect the business.
However, easyJet went too far into defense mode and now they are struggling in the wake of post-COVID return of demand.

easyJet was thriving pre-COVID.
They are now a mere shadow of what they once were.

I pray that one day Stelios will return to the helm and bring back that much orange spirit!

[SimoFly]

At a pilots career news they said
"expect the recruitment campaign for 2025 to open in few weeks time"

Now I understand the reason for the delay..

[CaptainOrange]

Originally Posted by A320 Glider

The problem with easyJet is that they have never recovered from their ridiculous COVID plan

easyJet was thriving pre-COVID.
They are now a mere shadow of what they once were.

In FY 2019 easyJet made £427m in PBT with a load factor of 91.5% and a fleet of 331 aircraft.

In FY 2023 eayJet made £455m in PBT with a load factor of 89% and a fleet of 336 aircraft.

The company is far from perfect, but “A mere shadow of what they once were”?

[JliderPilot]

Maybe they don’t own as many aircraft anymore. The share price has taken a massive hit as well. Certainly not the same level of cash and reserves it used to have. Good to see the profit though.

[CaptainOrange]

Take any of the large European airlines and groups, LH, AF/KLM, IAG, easyJet etc and check share price performance over past 5 years. They are currently all down by about 55-65% over that timeframe. The only ones sticking out are Wizz, at around 40% down, and RYR that is actually up by about 75% in the same period.

[1pudding1]

Goddammit! Would you stop letting facts get in the way of their narrative! Spoilsport

[corporal klinger]

LH is up 60% past 5 years.

[CaptainOrange]

Originally Posted by corporal klinger

LH is up 60% past 5 years.

5 years ago LH sp was almost €16 and now it’s €6.64.

[Sharklet7]

Originally Posted by SimoFly

At a pilots career news they said
"expect the recruitment campaign for 2025 to open in few weeks time"

Now I understand the reason for the delay..

I was told recruitment would open again in "Spring" can we expect this opening any time soon?

[corporal klinger]

Originally Posted by CaptainOrange

5 years ago LH sp was almost €16 and now it’s €6.64.

You are correct, I looked up the wrong company

[Duca]

Originally Posted by Sharklet7

I was told recruitment would open again in "Spring" can we expect this opening any time soon?

Lots of F/O left to go to AF EK… and ezy’s main intake is from mpl program but I think they will keep hiring a small percentage of pilots outside of it.