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Stock impact report

The COO of EasyJet, the U.K.'s largest budget airline, has resigned while the company cuts thousands of summer flights [Fortune]

EASYJET PLC S/ADR (ESYJY) 
NASDAQ:AMEX Investor Relations: corporate.easyjet.com/investors.aspx
Company Research Source: Fortune
On Monday, U.K. low-cost flight operator EasyJet announced that its Chief Operating Officer, Peter Bellew, had resigned effective July 1, as the budget British airline battles passenger and staff discontent amid thousands of summer flight cancellations. "Everyone at easyJet remains absolutely focused on delivering a safe and reliable operation this summer," CEO Johan Lundgren in a regulatory filing announcing Bellew's departure. Former Director of Flight Operations David Morgan will replace Bellew as interim COO. reports that Bellew left due to disagreement among executives on how to handle an ongoing dispute with EasyJet staff over pay. EasyJet is in negotiations with several unions across Europe about pay and talks have sometimes devolved into strikes, with the airline's Spain-based staff staging a three-day walkout over the weekend and planning two more operation halts in July. Bellew, who joined EasyJet three years ago from rival airline Ryanair, was already unpopular with Show less Read more
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