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Airlines bring in up to £33million through a range of dazzling pay packages

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Airlines bosses collectively bring in up to £33million through a series of dazzling pay packages… despite chaos for passengers

  • Payment details revealed after weeks of chaos in which hundreds of flights were cancelled
  • Most of the cancellations and delays were British Airways, Easyjet and TUI. involved
  • They have struggled to recruit staff to replace those laid off during the pandemic

Airlines responsible for inflicting travel woes on thousands of holidaymakers were jailed last night for offering eye-watering pay packages to senior executives that could total £33 million this year.

The largest package of over £27 million could be won by TUI’s eight top executives across Europe, including the tour operator’s German CEO, Friedrich Joussen, who could receive up to £6.4 million.

EasyJet’s top two CEOs can receive up to £5 million in pay and benefits, depending on performance.

The largest package of over £27 million could be won by TUI’s eight top executives across Europe, including the tour operator’s German CEO, Friedrich Joussen, who could receive up to £6.4 million

Swedish CEO Johan Lundgren could receive a package totaling £3,145 million, including a base salary of £740,000 plus a bonus of up to 200 percent of his salary and shares of up to 125 percent. Kenton Jarvis, the chief financial officer, could earn up to £1.95 million.

And British Airways’ owner International Airlines Group has to pay CEO Luis Gallego a base salary of £820,000. It does not include pension and benefits or incentives.

His total package for 2021 was £1.11 million, including a salary of £738,000.

The details could be revealed after weeks of chaos in which hundreds of flights were cancelled.

Swedish CEO Johan Lundgren could receive a package totaling £3,145 million, including a base salary of £740,000 plus a bonus of up to 200 percent of his salary and shares of up to 125 percent

Swedish CEO Johan Lundgren could receive a package totaling £3,145 million – including a base salary of £740,000 plus a bonus of up to 200 percent of his salary and shares of up to 125 percent

Most of the cancellations and delays involved BA, Easyjet and TUI – which have struggled to recruit staff to replace those made redundant during the pandemic.

Tory MP Greg Smith, a member of the House of Commons Transport Committee, said: ‘High salaries are fine if the company provides reliable, satisfying service to consumers. The airlines just aren’t.’

The figures were also met with outrage by passengers. Habiba Adam, 41, from Blackburn, who was part of a family group of 13 who paid £12,000 for a TUI holiday to Turkey that was cancelled, described the pay as “absolutely appalling”.

The pay packages were released when it emerged that Mr Lundgren used a meeting with Transport Minister Grant Shapps on Wednesday to complain about how difficult it was to recruit staff in the salary range of £17,000 to £24,000 a year.

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