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Easyjet feels ready for a long flight break. The low-cost airline has taken out two loans totaling around 500 million Swiss francs, it says.
Along with other measures, Easyjet’s liquid funds are expected to grow to the equivalent of CHF 4 billion. Therefore, the money should be sufficient even if the flight stop lasts nine months, CEO Johan Lundgren said.
Due to the corona virus pandemic, the entire Easyjet fleet is currently ashore. Lundgren did not dare predict exactly when flight operations could begin again. First, it should start with flights within individual countries, he said.
Easyjet has brought its own plane as collateral for the new loans. The company is also negotiating with leasing companies to buy Easyjet machines and lease them to the airline.
Higher ticket prices
In the winter semester until the end of March, Easyjet was able to reduce its seasonal loss in current businesses, although the coronavirus pandemic has also spread to Europe since February. Special items adjusted operating loss decreased from CHF 332 million in the year prior to CHF 223 to 248 million. Sales increased 1.6 percent to just under CHF 2.9 billion. This was also due to rising ticket prices.
On average it took Neutral currency, Easyjet per seat a good ten percent more than a year earlier. This more than made up for the more than seven percent decrease in passenger numbers.
The corona virus currently occupies the whole world and there are new developments every day. All current information and figures on the subject are available in the Coronavirus ticker.
Especially in the flu season, it is difficult to assess if you have the corona virus or if you simply have the usual flu. The differences are fine, but there are. LOOKING clears up.
Recommendations from the Federal Office of Public Health on how you can protect yourself:
Hygiene measures
- Wash your hands regularly with soap and water and / or use disinfectant.
- Don’t sneeze or cough into your hands, wear a scarf or a thief. Then immediately dispose of the tissues properly in a closed trash container.
- Stay home if you have a fever and cough.
Minimize contact
- Stay home and minimize contact with people as much as possible. Only leave the house in exceptional situations: shopping for groceries / visiting a doctor or pharmacy / home office is not possible for your work / you have to help other people. Avoid contact with people who have difficulty breathing or coughing.
- Important: no greeting kisses, no hugs, no trembling hands.
- Stay 2 meters from other people, for example, when queuing or in meetings.
- Avoid public transportation and use delivery services.
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If you experience symptoms (shortness of breath, cough, or fever), do not advertise and contact a doctor or healthcare provider right away, always by phone first.
stay informed
- Adhere to the rules and announcements of the authorities. Influences Coronavirus: 058 463 00 00, BAG information page: bag-coronavirus.ch
