EasyJet says able to survive a lengthy fleet grounding

FILE PHOTO: Easyjet airline airplanes are seen parked, as Schiphol Airport reduces its flights due to the coronavirus disease (COVID-19) outbreak, in Amsterdam, Netherlands April 2, 2020. REUTERS/Piroschka van de Wouw/File Photo

LONDON (Reuters) – British low cost airline easyJet (EZJ.L), whose aircraft are all grounded due to the coronavirus pandemic, said steps it had taken to shore up its finances meant it would be able to survive a lengthy fleet grounding.

The airline said that it had the ability to shrink its fleet through leases and planned to sell six old aircraft, giving it flexibility depending on the shape of future demand.

Looking to the future, it also said that bookings for winter are well ahead of the equivalent point last year.

Reporting by Sarah Young; editing by James Davey

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