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Share Price Information for easyJet (EZJ)

London Stock Exchange
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Share Price: 451.20
Bid: 451.20
Ask: 451.70
Change: -3.80 (-0.84%)
Spread: 0.50 (0.111%)
Open: 455.60
High: 458.40
Low: 449.30
Prev. Close: 455.00
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EasyJet To Ground Majority Of Planes From Tuesday Due To Virus Crisis

Fri, 20th Mar 2020 17:42

(Alliance News) - British airline easyJet PLC on Friday said it would ground the majority of its planes from March 24, mirroring moves by other carriers worldwide because of the Covid-19 pandemic.

"Following the country lockdowns, travel restrictions and changes to travel advice across its network, easyJet has taken the decision to ground the majority of its fleet of aircraft from Tuesday March 24," a statement said.

EasyJet said flights to repatriate customers were expected to mostly be completed by Monday.

It said it would continue to "operate a minimal schedule of essential services on some routes. 

"This will be a maximum of 10% of our usual capacity during this time of year and mainly routes to, from and within the UK," easyJet added.

With the deadly Covid-19 outbreak ravaging the global aviation sector, easyJet Chief Executive Johan Lundgren on Friday said that its "aircraft groundings will also remove significant levels of variable costs at a time when this remains crucial".

He added: "These are unprecedented times for the airline industry."

Shares in the company closed 18% higher at 600.00 pence each in London on Friday.

source: AFP

Copyright 2020 Alliance News Limited. All Rights Reserved.

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