Easyjet

Ticker EZJ

Today's data summary

Market closed
% change
+5.11%
Price Pence
604.40
Change
+29.40
As of 01:46 11 Aug 2020
Market cap. Pound sterling
2,760.59 million
As of 01:46 11 Aug 2020

Latest updates

Airport protest over easyJet regional base closure

Cabin crew and pilots facing redundancy have staged a demonstration at Newcastle Airport.

They say they are "devastated" at plans by easyJet to close its regional base in response to falling passenger numbers in the wake of the pandemic.

Staff say flights are getting busier again and their jobs should be saved.

But easyJet, which has three aircraft and 150 staff based in Newcastle, said it did not expect air travel to hit last year's levels until 2023.

It added that it was committed to working with the unions to safeguard the future of the company.

Easyjet protest
BBC

BreakingEasyJet consults on closing Newcastle base

BBC Business News

EasyJet has started a consultation process with unions about making redundancies at the airline including potentially closing three UK bases - London Stansted, London Southend and Newcastle.

The airports will remain on EasyJet’s route network, it says.

Johan Lundgren, EasyJet CEO, said: “These proposals are no reflection on our people at Stansted, Southend and Newcastle, who have all worked tirelessly and have been fully committed to providing great service for our customers.”

Pilots union BALPA said it is shocked at the scale of the job cuts, that it says equates to one in three of EasyJet’s pilots in the UK.

British Airways Heathrow route a 'temporary measure'

Rebecca Thorn

BBC News Online

Jersey airport
BBC

The diversion of some British Airways (BA) flights to Heathrow in July is a "temporary measure", the Ports of Jersey has said.

The airline's typical route between Gatwick and Jersey has been grounded during the coronavirus pandemic.

BA plans to operate out of its Heathrow base during the summer month as it "gradually builds up" its London operations, the Ports Chief Commercial Officer Jonathan Crick said.

Flights for July were put on sale by BA on Wednesday 17 June "in anticipation of a relaxation of border controls."

However, a date for when border controls will be relaxed has not been confirmed by the government.

Airline EasyJet has also been forced to ground its Jersey service during the crisis.

Mr Crick said: "Since the temporary suspension of services during lockdown, both airlines have maintained their wish to resume flying as soon as border controls are lifted, and passengers are no longer required to self-isolate for 14-days.

"Flight bookings can be made for all future dates up to the middle of 2021 and any changes that are needed for immediately upcoming dates, due to continued border restrictions, are being made by the airlines as necessary."