EasyJet-5
Joined: Oct 2006
Posts: 1,654
Likes: 112
From: jersey
Not disagreeing with the general gist of your comments - but, just been to Madeira for 8 days & it certainly is not as you describe. One test on arrival, result within 7 hours, & the rest of the time free to enjoy a relaxing holiday. And, I don’t think I saw a policeman - except at the airport.
Joined: Sep 2005
Posts: 1,001
Likes: 16
From: earth
Joined: Oct 2013
Posts: 67
Likes: 0
From: North
I’ve been lucky to get away a few times this year and whilst restrictions are tightening generally, we found things to be quite relaxed provided you wear your mask. The U.K. governments quarantine policy is the main thing that has stifled demand fo leisure destinations. The underlying demand is actually pretty strong.
The number of EasyJet rotations are probably a targeted measure to keep yields viable on existing frequencies.
The number of EasyJet rotations are probably a targeted measure to keep yields viable on existing frequencies.
Joined: Jul 2003
Posts: 2,743
Likes: 38
From: Under the flight path
Another day, another sale and leaseback:
https://www.travelmole.com/news_feat...ews_id=2044976
The article also says that EZY will only operate 20% of its plan until year-end.
https://www.travelmole.com/news_feat...ews_id=2044976
The article also says that EZY will only operate 20% of its plan until year-end.
Joined: Jul 2002
Posts: 10,224
Likes: 36
From: In the sticks
Joined: Jan 2005
Posts: 4,993
Likes: 175
From: Not so many places currently
Another day, another sale and leaseback:
https://www.travelmole.com/news_feat...ews_id=2044976
The article also says that EZY will only operate 20% of its plan until year-end.
https://www.travelmole.com/news_feat...ews_id=2044976
The article also says that EZY will only operate 20% of its plan until year-end.
Joined: Sep 2005
Posts: 1,001
Likes: 16
From: earth
Joined: Nov 2016
Posts: 416
Likes: 49
From: This side of Heaven
Joined: Aug 2018
Posts: 35
Likes: 8
From: UK
"[Johan] Lundgren said that in the near future EasyJet should not need more than the £3bn it has already raised."
So, in theory there's enough cash in the bank (as it were) to survive another 12 months of this. But then they're in the poop, I guess.
If demand isn't back up in some format for the 2021 summer season there's gonna be a lot of trouble for a lot of people, sadly.
So, in theory there's enough cash in the bank (as it were) to survive another 12 months of this. But then they're in the poop, I guess.
If demand isn't back up in some format for the 2021 summer season there's gonna be a lot of trouble for a lot of people, sadly.
Joined: Apr 2020
Posts: 31
Likes: 0
From: Joined 2005 was Alycidon
The pandemic has put great pressure on EasyJet's finances, forcing it to take on more debt, go to shareholders for extra cash, and sell dozens of its aircraft.
The airline said on Tuesday that after talks with the Bank of England and the Treasury, it would extend its borrowing under the government Corporate Finance Facility scheme, and stagger repayments.
Joined: Oct 2002
Aviation Qualifications: PPL
Posts: 8,201
Likes: 347
From: London UK
It should come as no surprise that, to a business with a high proportion of leased assets, substantial staff numbers, and a very significant downturn in demand, they show a loss. What else ?
But this is in conventional accounting terms. What is far more important at this time is how "free cash" is going. The two sets of figures can be miles apart. You don't go out of business because you show a loss in the published accounts. You do so because you have run out of cash.
But this is in conventional accounting terms. What is far more important at this time is how "free cash" is going. The two sets of figures can be miles apart. You don't go out of business because you show a loss in the published accounts. You do so because you have run out of cash.
Joined: Nov 2009
Posts: 368
Likes: 2
From: UK
Joined: Apr 2008
Posts: 1,208
Likes: 0
From: Germany
Italian bases will be scaled down from 36 to 27 based aircraft
https://www.corriere.it/economia/azi...1ccfa2bb.shtml
Milano Malpensa da 22 a 21 (la base principale nel Paese), mentre maggiore sarà l’impatto negli altri due scali: Napoli vedrà ridursi gli aerei con la livrea arancione da 7 a 4, mentre Venezia passa da 7 a 2.
