Current cash position £2.4 billion. 22 June 2020. 3 month full grounding to cost £1 billion. 6 month full grounding £2.1 billion.
15% of shares to be "placed" or created to gain £400 to 500 million.
Company will be "rightsized".
Company is " overhedged" for fuel and financial exchanges. Net charge of £164 million first half 2020 and further impact second half 2020.
As easyJet progresses through the consultation process of reducing staff numbers by up to 30% there is a heightened risk of industrial action that may disrupt operations...
We will see what transpires.....
Last edited by Douglas Bahada; 25th Jun 2020 at 04:26.