Bumper pay packet for Easyjet boss after budget airline achieves record results

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Easyjet boss Carolyn McCall received pay and bonuses worth £7.7m despite deteriorating levels of customer satisfaction and punctuality, the airline’s annual report revealed.

Ms McCall oversaw a fourth year in a row of record financial results. But the increase was not quite as stellar as the rise achieved the year before, meaning the annual bonus element of pay was lower.

This was also hit by on-time performance being slightly worse - with 85 per cent of arrivals within 15 minutes compared to 87.4 per cent a year before - as well as customer satisfaction - down from 82.7 per cent to 78 per cent.

But the budget carrier did better at keeping a lid on costs this time after it was hit by adverse weather conditions in the previous financial year.

Ms McCall received £677,000 in salary, up from £665,000 a year before, plus pension and benefits worth £52,000.

Her annual bonus was worth £1.03m, down from £1.15m.

Her total pay package also included a long-term bonus share award worth £5.92m due in January. The report also showed that the chief executive’s total pay package for last year was £7.8m, higher than the £6.4m reported at the time. This was because last year’s sum included a share award that vested in 2014 with the share price higher than it was when the figures were published.