Guest Posted August 15, 2017 Share Posted August 15, 2017 You have to question the numbers, did the salaries for the staff also go up? Low-cost airline boss sees pay soar as Jet2 passenger numbers take off Low-cost airline Jet2's strong performance led to a hike in pay for its boss Stephen Heapy Bradley Gerrard 15 August 2017 • 3:38pm The boss of low-cost airline Jet2 has seen his pay rise by a quarter on the back of a jump in bonus payments. Stephen Heapy’s pay reached £944,000 in the year to the end of March after successfully hitting various performance targets that triggered long-term incentive payments. Under the company’s two separate bonus schemes, Mr Heapy earned £435,000 this financial year compared to £308,000 the prior year. His salary also rose 14pc to £433,000. His total pay includes pension payments and benefits, such as a fuel allowance. In its last financial year, Jet2 saw passenger numbers rise 17pc to 7.1m, helping push revenue up by 24pc to £1.56bn. Mr Heapy, who joined Jet2’s parent company Dart Group in 2009, previously worked at rivals including Thomas Cook. London-listed Dart Group also owns the distribution company Folwer Welch, where sales rose 14pc to £163.5m primarily due to a new Dairy Crest operation at Nuneaton, which commenced in June 2016. Link to comment Share on other sites More sharing options...
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