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Share Price Information for easyJet (EZJ)

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Share Price: 510.20
Bid: 514.40
Ask: 515.20
Change: -31.40 (-5.80%)
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Open: 550.20
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EasyJet plans to be flying three-quarters of routes by August

Tue, 02nd Jun 2020 12:28

LONDON, June 2 (Reuters) - British airline EasyJet
said on Tuesday it will resume flying on about three-quarters of
its routes by August, expanding the small number it said it
would start flying this month but at a much lower frequency than
last summer.

The coronavirus pandemic has caused the air travel market to
collapse and forecasts say it will remain smaller for years.
Last week EasyJet, whose 337 planes have all been grounded since
March, said it would cut staff and aircraft numbers to survive.

It plans to restart flying mainly domestic flights in
Britain and France from 15 June, but as restrictions ease it
said on Tuesday it would add more destinations, flying 50% of
its 1,022 routes in July, and 75% in August.

Capacity, however will be lower, it said, at about 30% of
usual in the busy July to September summer holiday season,
making the airline more cautious than bigger competitor Ryanair
which has said it will be flying 40% of capacity by
July.

Airlines and travel companies in Britain have said that
government plans for a 14-day quarantine for arrivals into the
country from June 8 will hamper any travel recovery, but media
reports suggest so-called air bridges between lower risk
countries could replace quarantine from the end of June.

EasyJet said in May that new safety measures would be in
place to help protect against the virus, making masks mandatory
onboard, now common on many airlines, and saying it would
disinfect its planes daily.
(Reporting by Sarah Young; editing by Stephen Addison)

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