easyJet down as all planes grounded

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easyJet down as all planes grounded
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Master Investor Magazine 60

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FTSE 100 airline easyJet (LON:EZJ) watched its share price decline by 4.27% to 569.40p (as of 10:10 GMT) after it fully grounded its fleet. The company said that it would continue to run rescue flights on request and had run more than 650 as of yesterday, but at the current time there was no schedule for restarting commercial operations.

CEO Johan Lundgren commented: “I am extremely proud of the way in which people across easyJet have given their absolute best at such a challenging time, including so many crew who have volunteered to operate rescue flights to bring our customers home. We are working tirelessly to ensure that easyJet continues to be well positioned to overcome the challenges of coronavirus“.

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