EasyJet grounds entire fleet of planes as coronavirus pandemic devastates the airline industry

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EasyJet grounds entire fleet of planes as coronavirus pandemic devastates the airline industry
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EasyJet grounds its entire fleet

EasyJet on Monday said it has grounded its entire fleet of 331 planes and said it cannot give a date for when it would restart commercial flights, as it struggles to cope with “unprecedented travel restrictions” imposed by governments globally due to the coronavirus pandemic.

William Ryder, equity analyst at Hargreaves Lansdown, said that while easyJet isn’t flying any planes and most of its staff members have been furloughed, management will have a reasonable idea of what costs will be each week from here on out. Easyjet has written to 9,000 of its U.K.-based staff, around half of whom are first-aid trained in cardiopulmonary resuscitation, to volunteer for further training before helping out at the new National Health Service Nightingale Hospital in east London. Virgin Atlantic, which is cutting up to 85% with most of the cancellations in effect by the end of March, said it would contact 4,000 of its staff who may have the relevant skills needed to provide help.

“The COVID-19 pandemic has had an enormous effect on all U.K. airlines. The Government has made it clear that it is open to requests for support from individual airlines and whilst Loganair hasn’t yet taken up this invite, we expect to join other U.K. airlines in doing so in the coming days,” Chief Executive Jonathan Hinkles said.

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