logo
Plus   Neg
Share
Email

EasyJet Now Expects To Operate Less Than 40% Of Planned Capacity For Q4

EasyJet plc (ESYJY.PK,EZJ.L) said it now expects to fly slightly less than the 40% of planned capacity for the fourth quarter of 2020, citing reduced demand for travel, based on current travel restrictions and quarantines in the markets.

Further, the company noted that it would continue to focus on delivering a flying schedule that drives a positive contribution while maintaining focus on minimising cash burn through its cost out programme that will drive down costs in all areas of the business.

easyJet will also continue to review its liquidity position on a regular basis to assess any further funding opportunities, the company stated.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
NASA's Osiris-Rex robotic spacecraft briefly touched down on near-Earth asteroid Bennu's surface on Tuesday to collect rock and dust samples that will be brought back to Earth in 2023. Bennu is currently more than 200 million miles, or 321 million kilometres, from Earth. Osiris-Rex launched from Cape Canaveral Air Force Station in Florida in September 2016. Amazon said Wednesday that free one-hour grocery pickup is now available to prime members at all U.S. Whole Foods Market locations. Previously, the prime members could pick up Whole Foods orders only at select stores. J.C. Penney said it is near to exiting Chapter 11 ahead of the busy December 2020 holiday season. The beleaguered retailer filed a draft asset purchase agreement towards finalization of the acquisition by Brookfield Asset Management, Inc. and Simon Property Group, Inc. They are expected to buy substantially all of J.C. Penney's retail and operating assets in a combination of cash and debt.
Follow RTT