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EasyJet says able to survive a lengthy fleet grounding

Thu, 16th Apr 2020 07:12

LONDON, April 16 (Reuters) - British low cost airline
easyJet, whose aircraft are all grounded due to the
coronavirus pandemic, said steps it had taken to shore up its
finances meant it would be able to survive a lengthy fleet
grounding.

The airline said that it had the ability to shrink its fleet
through leases and planned to sell six old aircraft, giving it
flexibility depending on the shape of future demand.

Looking to the future, it also said that bookings for winter
are well ahead of the equivalent point last year.
(Reporting by Sarah Young; editing by James Davey)

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