rotorwills;
As I said, as long as things are back to normal by next Summer (which will hopefully be the case but is not guaranteed), then the likelihood is that easyJet can survive by increasing cash through a number of ways, one of which is to issue more equity. If COVID is around for years, then it is indeed a different matter. I disagree that legacy airlines are in a better position. Their high fixed costs (particularly but not exclusively) centred around operating hubs and long haul networks make them more, not less vulnerable than LCCs.