Easyjet to reduce flying capacity amid quarantine chaos September 8, 2020 Budget carrier Easyjet today said that it would reduce flying capacity for the fourth quarter due to changes to the UK’s quarantine regime. In a statement, the airline said that the “constantly evolving” restrictions, including yesterday’s decision to add seven Greek islands to the “red list”, was “negatively affecting” customer confidence. As a result, Easyjet [...]
Easyjet offers pilots ‘seasonal’ contracts to stave off job cuts August 23, 2020 Pilots at budget carrier Easyjet have been offered six-month long “seasonal” contracts in a bid to stave off sweeping job cuts amid the downturn in air travel. Up to 727 pilots’ jobs are at risk at the low-cost airline, which has seen passenger demand collapse due to the coronavirus pandemic. Under the new offer, pilots [...]
Easyjet shares sink on France quarantine despite £203m aircraft sale August 14, 2020 Shares in low cost carrier Easyjet fell 5.5 per cent this morning as the government announced travellers from France would have to quarantine on return to the UK. The news came as the airline siad that it had completed the sale and leaseback of 23 aircraft, raising an extra £608m to bolster its liquidity amid [...]
Easyjet chief: We will keep flying to quarantined countries if there is demand August 4, 2020 Easyjet’s chief executive Johan Lundgren has said that the airline will not stop flying to destinations if the government chooses to reimpose quarantine restrictions on them while demand to travel to them remains. Speaking to City A.M., he said: “People, as we have seen with Portugal for example, are willing to take the sacrifice of [...]
Easyjet to expand flight schedule due to demand for holidays August 4, 2020 Budget airline Easyjet is preparing to expand its flight schedule over the summer to cater for higher than expected demand. The company’s share price soared more than 10 per cent this morning after it said it will fly at around 40 per cent of capacity over the summer following “better than expected” bookings. Previously it [...]
Ryanair and Easyjet to continue flying to Spain despite quarantine July 27, 2020 Neither Ryanair or Easyjet will cut their number of flights to Spain despite the government reimposing mandatory quarantine measures on people travelling from the country, the low-cost carriers confirmed today. In a statement, the latter said: “We plan to operate our full schedule in the coming days. “Customers who no longer wish to travel can [...]
Third of Easyjet pilot roles in UK at risk of redundancy June 30, 2020 Up to a third of Easyjet’s pilot roles are at risk of redundancy as the low-budget carrier seeks to cut costs after the coronavirus pandemic. The airline revealed today that it had begun consultation with pilots’ union Balpa over the plan to reduce its staff headcount by 30 per cent. The union said the cuts, [...]
Easyjet confirms more international flights to restart from 1 July June 25, 2020 Easyjet has confirmed plans to begin flying from airports across Europe from July, the low-cost carrier said this morning. After restarting its services with a small number of flights last week, the airline today outlined plans to expand both domestic and international operations. From 1 July, Easyjet will operate 500 flights a day across Europe, [...]
Easyjet raises £419m through share placing to bolster finances June 25, 2020 Low-cost carrier Easyjet today announced that it had raised £419m through a share placing in order to help it withstand the coronavirus pandemic. In total, the budget airline placed 59.5m ordinary new shares – 15 per cent of the firm’s existing share capital – at a price of 703p per share. The placing price represents [...]
Two more Easyjet board members to step down this year June 8, 2020 Two members of the Easyjet board will step down this year, it was announced this morning, just a few weeks after finance chief Andrew Findlay also turned in his resignation. Deputy chairman Charles Gurassa and finance committee chair Andy Martin will quit the board in line with corporate governance best practice, having each served for [...]