EasyJet Plc Chief Executive Officer Carolyn McCall, who presided over an 84 percent share gain in 2013, almost doubled her compensation this year as her strategy of moving the carrier toward higher-paying customers paid off.
Ryanair Holdings Plc and Michael O’Leary , its chief executive officer, apologized to the founder of rival EasyJet Plc and agreed to pay about 50,000 pounds ($77,000) to settle a lawsuit over an advertisement that likened him to Pinocchio .
EasyJet Plc shareholders backed an order for 135 Airbus SAS jets valued at $13 billion, cementing Chief Executive Officer Carolyn McCall’s strategy of going toe- to-toe with former flag carriers on short-haul routes.
EasyJet Plc founder and No. 1 shareholder Stelios Haji-Ioannou said he will vote against a management plan to buy 135 Airbus SAS jets valued at $13.2 billion, citing a lack of transparency to the transaction.
EasyJet Plc said it’s ready to take on a low-cost challenge from Europe’s former flag carriers, predicting they’ll struggle to embrace the no-frills approach that’s lured travelers to discount operators.