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Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
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Share Price: 1,014.50
Bid: 1,013.50
Ask: 1,015.00
Change: 9.00 (0.90%)
Spread: 1.50 (0.15%)
Open: 1,015.50
High: 1,016.50
Low: 977.80
Yest. Close: 1,005.50
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EasyJet cuts capacity as Covid-19 measures hit demand

Tue, 8th Sep 2020 07:34

(Sharecast News) - UK budget airline easyJet said it was cutting its flying schedule as changing government travel restrictions and coronavirus quarantine measures continued to hit demand.
The airline said it now expected to fly slightly less than the 40% planned capacity for the fiscal fourth quarter, highlighted at its third quarter trading update. It also pulled earnings guidance for 2020 or 2021.

Constant changes to safe travel areas, including the UK government's decision to remove seven Greek islands from its exemption list, meant customer confidence to make travel plans has been negatively affected," the carrier said on Tuesday.

"EasyJet will continue to focus on delivering a flying schedule that drives a positive contribution while maintaining focus on minimising cash burn through our cost out programme that will drive down costs in all areas of the business," the company said in a statement.

It added that it would also continue to review its liquidity position on a regular basis to assess any further funding opportunities.

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