Plus   Neg

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
Orca Bay Foods, LLC recalled about 4,450 pounds of Trader Joe's brand Gluten Free Battered Halibut products for undeclared wheat and milk allergens, according to a statement published by the U.S. Food and Drug Administration (FDA). The action was initiated after it was discovered that product containing Wheat and Milk was distributed in packaging. Lee Kun-hee, the Chairman of South Korean conglomerate Samsung Group, has died on October 25, at the age of 78. It was he who transformed Samsung into a South Korean behemoth, and the world's largest manufacturer of smartphones, televisions, and semiconductors. As per reports, Lee's only son Jae-yong, who currently serves as vice chairman of Samsung Electronics, is likely to take over Samsung. Toy and board game company Hasbro, Inc. (HAS) reported Monday net earnings attributable to Hasbro for the third quarter of $220.90 million or $1.61 per share, compared to pro forma net earnings of $216.5 million or $1.57 per share in the year-ago period. Excluding items, adjusted earnings for the...
Follow RTT