ADVERTISEMENT
  • 5-Minute to cure Knee pain
  • Abaout Us
  • Blood Flow
  • Child Growth
  • Child Learning
  • Contact Us
  • Custom keto diet
  • Disclaimer
  • DMCA
  • Dog Traning
  • Earn Easy
  • FatBurning
  • Herpes Virus
  • Home
  • kito diet
  • Leptitox strive
  • Privacy Policy
  • Resurge
  • SmoothyDiet
  • TedsWoodWorking
Sunday, February 28, 2021
HealthyKnock.Com
No Result
View All Result
  • Login
  • Home
  • Diet & Fitness
  • Other
  • New York Times
  • UK News
  • माँ के नुस्खे
  • self-care
  • mental-health
  • feminine-hygiene
  • weight-loss
  • Home
  • Diet & Fitness
  • Other
  • New York Times
  • UK News
  • माँ के नुस्खे
  • self-care
  • mental-health
  • feminine-hygiene
  • weight-loss
No Result
View All Result
Healthyknock.com
No Result
View All Result
ADVERTISEMENT
Home UK News

EasyJet ‘hanging by a thread’, says union official

mohit by mohit
September 26, 2020
in UK News
0
EasyJet 'hanging by a thread', says union official
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


Image copyright
Getty Images

An airline union official says he believes that EasyJet is “hanging by a thread”.

READ ALSO

Covid: Marston’s take over Brains pubs to save 1,300 jobs

Transfer test: Some schools set out Covid mitigations

ADVERTISEMENT

In a leaked recording obtained by BBC News, Martin Entwisle said the company was in a “really, really dire situation.”

ADVERTISEMENT

Mr Entwisle made the comment after a meeting with the airline’s chief financial officer, Andrew Findlay.

EasyJet denies that Mr Entwisle’s claims in the recording reflect what EasyJet or its finance officer said.

The meeting between Mr Entwisle, three other representatives of the pilots’ union Balpa and senior EasyJet management took place two weeks ago.

In a subsequent presentation to EasyJet pilots, Mr Entwisle, an EasyJet captain and union rep, said, “I think the easiest way to put it is that the company is hanging by a thread. The situation is dire.

“If we don’t have a good summer next summer and make a considerable amount of money, we really are going to be out of a job.”

The recording comes from the presentation, which was given by the union officials to their members as part of a process to encourage them to take up the airline’s offer of part-time working in order to save jobs.

The language used by union rep Martin Entwisle is stark.

However his presentation to fellow pilots at Easyjet, which was recorded and leaked to the BBC, is a pitch.

EasyJet and Balpa were, at the time, in the process of thrashing out a deal to mitigate redundancies.

After a prior meeting with Easyjet management, Mr Entwisle’s overall message to colleagues is that these are such extreme times, that a deal, which would have seemed inconceivable six months ago, is their best bet.

The recording does shine a light on just how bleak this winter will be for Easyjet.

But there is nothing to suggest that the airline’s predicament is any worse than that of any of its competitors.

Every airline has been burning cash for months and no-one can say when international travel will truly recover.

They’ve all restructured and flight schedules have been dramatically scaled back in the short to medium term.

It is vital for all of them that, by next summer, the situation has dramatically improved.

Like all airlines, EasyJet had to take drastic measures in response to the pandemic. It placed around 80% of its pilots on the government’s furlough scheme, and secured a £600m loan from the Treasury’s emergency coronavirus fund. In May it announced that it planned to lay off up to 4,500 staff across Europe.

But the recording highlights other measures that EasyJet has apparently taken.

The airline, which at the start of the pandemic owned over 80% of its aircraft according to Mr Entwisle, has sold over 30% of them, and leased them back, to plough money into the company, and “more aircraft are about to be sold”.

Image copyright
Getty Images

Image caption

EasyJet was forced to ground its entire fleet at the height of the pandemic

Mr Entwisle also said the winter is looking “dire” and will result in the airline cutting back significantly on its schedule. He claims that peak flying each day during the winter “is not going to exceed 90 aircraft in the UK.”

The aircraft have all been allocated to bases but “some of it is absolutely horrendous – some bases are looking at in excess of 50 – 60% cuts, possibly this winter.”

EasyJet has previously said it was closing its bases at Newcastle and two London airports, Southend and Stansted.

Balpa announced on Friday that it had reached agreement with EasyJet to avoid any compulsory redundancies. Sixty pilots have left voluntarily, while 1,500 have opted for part-time working, around 75% of all pilots at the airline.

Image copyright
AFP

Image caption

EasyJet employees protesting following the airline’s decision to close its Stansted operations

In a statement EasyJet said: “The recording does not reflect what EasyJet or its chief financial officer said. We have been clear the whole industry has been impacted by the pandemic, however, EasyJet has taken a prudent approach to capacity and the right actions on cash preservation.

“The airline continues to keep all liquidity options under review, but no decisions have been taken.

“Winter flying is always significantly lower than summer and EasyJet will continue with its prudent and dynamic approach to capacity over the winter. No decisions have been taken and we will update the market in due course.”



Source link

ADVERTISEMENT

Related Posts

Covid: Marston's take over Brains pubs to save 1,300 jobs
UK News

Covid: Marston’s take over Brains pubs to save 1,300 jobs

December 23, 2020
Transfer test: Some schools set out Covid mitigations
UK News

Transfer test: Some schools set out Covid mitigations

December 23, 2020
Newspaper headlines: 'Tier 4 to be widened' and 'kick in the baubles'
UK News

Newspaper headlines: ‘Tier 4 to be widened’ and ‘kick in the baubles’

December 23, 2020
Covid-19: UK-France services return as travel ban eased
UK News

Covid-19: UK-France services return as travel ban eased

December 23, 2020
Christmas dinner: A beginner's guide to the perfect feast
UK News

Christmas dinner: A beginner’s guide to the perfect feast

December 23, 2020
Handmade water wheel powers Derbyshire village Christmas lights
UK News

Handmade water wheel powers Derbyshire village Christmas lights

December 23, 2020
Next Post
Tampa Bay Lightning beat Dallas Stars after overtime penalty to Stars captain Jamie Benn

Tampa Bay Lightning beat Dallas Stars after overtime penalty to Stars captain Jamie Benn

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recent Posts

  • आपके डाइट फूड का टेस्‍टी ऑप्‍शन है पनीर, मशरूम और कैश्यु स्टिर फ्राई, ये रही रेसिपी
  • Covid-19: People aged 60 to 63 in England to get jab invites from Monday
  • शारीरिक स्वास्थ्य के साथ ही यौन स्वास्थ्य के लिए भी फायदेमंद ड्रमस्टिक, यहां जानिए इसके 7 स्वास्थ्य लाभ
  • अपने दिन की शुरुआत करें जौ की चाय के साथ, इससे आपको मिलेंगे ये 14 स्वास्थ्य लाभ, जानिए आसान रेसिपी
  • Covid-19: How would an NHS vaccine passport app work?
  • Coronavirus spread slowed by vaccines, study suggests
  • ‘We couldn’t afford fertility treatment so we risked finding a sperm donor on Facebook’
  • Vaccine rollout phase two: Who’ll be vaccinated next?
  • Decreasing levels of coronavirus across the UK
  • Over-40s next in line to get a Covid vaccine
  • Abaout Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Privacy Policy

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Diet & Fitness
  • Other
  • New York Times
  • UK News
  • माँ के नुस्खे
  • self-care
  • mental-health
  • feminine-hygiene
  • weight-loss

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In