EasyJet's Stelios plans 'token vote' against expansion strategy
EasyJet's founder and biggest shareholder Stelios Haji-Ioannou said he planned to vote against the re-election of the airline's chairman in order to express his view that higher profits should be prioritised over capacity growth. Haji-Ioannou's "token vote" against chairman John Barton is meant as constructive criticism, he said, and will represent his opposition since 2017, when he challenged fleet expansion. Haji-Ioannou says that by 2021, EasyJet will have 352 planes and will generate an estimated 110 pence of earnings per share, which is disappointing as more planes are not translating into higher profits. In 2015, the airline had 241 planes and made diluted EPS of 138 pence. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-22/unaligned/easyjets-stelios-plans-token-vote-against-expansion-strategy
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EasyJet's Stelios plans 'token vote' against expansion strategy
EasyJet's founder and biggest shareholder Stelios Haji-Ioannou said he planned to vote against the re-election of the airline's chairman in order to express his view that higher profits should be prioritised over capacity growth. Haji-Ioannou's "token vote" against chairman John Barton is meant as constructive criticism, he said, and will represent his opposition since 2017, when he challenged fleet expansion. Haji-Ioannou says that by 2021, EasyJet will have 352 planes and will generate an estimated 110 pence of earnings per share, which is disappointing as more planes are not translating into higher profits. In 2015, the airline had 241 planes and made diluted EPS of 138 pence. <br/>
