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In Money Matters

EasyJet is highly sceptical on the industry perspectives

16th March 2020

EasyJet is highly sceptical on the industry perspectives Pin It

EasyJet low cost airline expects that the majority of the aircraft will remain on the ground in the short term. Due to the new corona virus, the demand for tickets is considerably less. In addition, there are also the necessary travel restrictions from different countries that make flying impossible. Where possible, EasyJet will continue to conduct rescue flights for a short time to retrieve British nationals.

To reduce the impact of the virus, easyJet takes the necessary measures to reduce costs. Non-critical expenses of the company are also limited. Keeping jets on the ground avoids significant variable costs.

“At easyJet, we are doing everything we can to meet the challenges of the corona virus so that we can continue to deliver the benefits that aviation offers people, the economy and business,” said CEO John Lundgren.

The company calls the future of European aviation “precarious”. According to easyJet, there is no guarantee that European airlines will survive a long travel ban and the risk of a slow recovery.

“European aviation faces an uncertain future and it is clear that coordinated public support is needed to ensure that industry survives and can continue to operate once the crisis is over,” Lundgren said.

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