EasyJet

Concession highlights continued pressure on easyJet and airlines to agree better terms and wages to retain staff and avert more labour strife after months of disruption since the end of Covid lockdown

Rolls-Royce and easyJet said that they have successfully run an aircraft engine using green hydrogen created by wind and tidal power

The UK discount carrier will now operate at around 87% of pre-Covid capacity in three months ending June 30, increasing to about 90% for its fiscal fourth quarter through September, a statement said

Shares of EasyJet fell as much as 14%, as the company said it will instead raise $2 billion in stock and debt.

Flying has been severely curtailed due to the pandemic over the last 12 months

Bonds of EasyJet Plc and U.K. property manager Hammerson Plc are among the best performers in Europe this year.

EasyJet ticket sales more than quadrupled in the hours after Johnson said Monday that international trips may restart as soon as May 17

The airline has about £2.3 billion in cash to survive an extensive slump and called on the state for further support.

The airline said it expects to have reduced its fleet size by around 51 aircraft to approximately 302 by the end of September.

The airline did not specify how many jobs would go, but some 15,000 were employed at the start of 2020

It also said that following a forensic investigation, it found that the credit card details of only 2,208 people were accessed and that those affected have already been contacted.

The carrier said it would announce new routes and services to and from Tegel in due course

The British couple were due to fly from Luton Airport to Catania in Sicily last week

Says it has been buffeted by 1,061 cancellations so far in the April-June period