Planes. EasyJet (2), CEO Lundgren does not exclude state aid
Low-cost carrier's finances are in trouble
Sincerity, this is the concept that John Lundgren, managing director of the low-cost airline easyJet, adopted in the last few hours (read also the article published by AVIONEWS). Interviewed by the "Reuters" agency, CEO stressed that there are several options to be considered to strengthen internal finances, including that of state aid. The crisis triggered by the coronavirus pandemic is also "biting" hard even the British airline and Lundgren didn't oppose to government support should this solution become necessary. CEO also explained how it is impossible to imagine that the airline industry faces this dramatic moment alone; the British media have been dwelling on easyJet's economic conditions for some time, to the point of wondering if massive financial support is not needed.
The company already announced what its annual losses could be, not far from one billion pounds (845 million to be precise). Aircraft sales and rentals (see AVIONEWS) have partially raised the coffers, but not entirely; among other things, London has already secured a £ 600 million loan which could increase in a matter of days. The interview was released in the same hours in which the carrier was the protagonist of one of the first flights of the Berlin-Brandenburg airport (read AVIONEWS).
AVIONEWS - World Aeronautical Press Agency