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
Santa Cruz Bicycles LLC has recalled certain model year 2020 bicycles with aluminum frames citing fall risks, according to the U.S. Consumer Product Safety Commission. The recall involves about 2,900 units of model year 2020 Auminum Santa Cruz and Juliana Bicycles. In addition, about 216 were sold in Canada. AstraZeneca is mulling an additional global trial to confirm the 90% efficacy rate of its Covid-19 vaccine candidate at lower dosage, Bloomberg news quoted Chief Executive Officer Pascal Soriot as saying. In an interview, Soriot noted that instead of adding the trial to an ongoing U.S. process, the company might launch a fresh study to evaluate efficacy of lower dosage of its vaccine that perform U.S. airline Delta Air Lines, Inc. and its Italian codeshare partner Alitalia are planning to launch quarantine-free, COVID-free flights between U.S. and Europe through new testing protocols, starting in December. In a statement, Delta said it has signed deals with airports and governments eliminating quarantine requirements on COVID-tested flights connecting Atlanta and Rome.
Follow RTT