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Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

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Share Price: 491.80
Bid: 491.80
Ask: 492.40
Change: -5.90 (-1.19%)
Spread: 0.60 (0.122%)
Open: 492.30
High: 501.40
Low: 485.90
Prev. Close: 497.70
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UPDATE 1-EasyJet resumes flying with COVID-19 measures in place

Mon, 15th Jun 2020 10:25

(Adds CEO comments)

By Will Russell

LONDON, June 15 (Reuters) - EasyJet aircraft took to
the skies for the first time since March 30 on Monday, as the
British carrier resumed a small number of mainly domestic
flights after weeks of lockdown.

Passengers, who under easyJet's new rules must wear face
masks, boarded the airline's first flight from London's Gatwick
airport to Glasgow for an 0600 GMT departure.

Chief Executive Johan Lundgren said the airline was "super
excited" to restart flights.

He said measures to protect passengers had been agreed with
regulators. "It's absolutely safe to fly," he added.

The airline is starting with a minimal service, flying
mainly routes within Britain to cities including Edinburgh and
Belfast. It is also resuming some domestic and international
routes from France, Switzerland, Italy and Portugal.

While borders across Europe are being opened, a hoped-for
travel recovery in easyJet's home market of Britain has been put
at risk by a 14-day quarantine rule for arrivals.

EasyJet, alongside rivals British Airways and Ryanair,
started legal action on Friday against the quarantine policy to
try to have it overturned.

Lundgren said Britain introduced quarantine as the rest of
Europe was removing restrictions.

"We don't see that it makes any sense from a public health
point of view," he told Reuters, adding that it was having a
"very dampening effect" on new bookings into the UK.

The airline is planning to ramp up services as the summer
progresses and by August has said it will be flying about
three-quarters of routes but at a much lower frequency than last
year.

Capacity will be at about 30% of usual in the busy July to
September season, easyJet said. Bigger rival Ryanair plans to be
flying 40% of capacity by July.

Lundgren said there was scope to increase both the number of
destinations and flight frequencies as the summer progressed,
but whether the quarantine remained in place would be a factor.

"Aviation is facing its worse crisis ever," he said, adding
that the airline estimated 2019 levels of demand would not
return until 2023.

EasyJet said in May it was planning to cut 4,500 jobs, or
30% of its workforce.

(Writing by Sarah Young and Paul Sandle; Editing by Edmund
Blair and Stephen Addison)

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