EasyJet to cut up to 3,000 jobs

Marco Green
May 31, 2020

The shock news comes just days after easyJet said it meant to resume flights from Belfast International Airport from 15 June to destinations including London Gatwick and Edinburgh, as well as Faro in Portugal's Algarve. The initial schedule will comprise mainly domestic flying in the United Kingdom and France and further routes will be announced as travel restrictions are relaxed.

These routes will later expand as European lockdowns relax.

"While you see restrictions and the few examples of quarantine that exist around Europe today are being lifted and relaxed, the U.K.is going the other way", he said.

"So far, the booking trends on the resumed flights have been encouraging, and the demand indications for summer 2020 are improving, albeit from a low base".

"Exactly the kind of overhaul the cost base needs", Bernstein analyst Daniel Roeska said of easyJet's cuts, which go deeper than those of Ryanair and Wizz Air, who have said they will lay off 15% and 19% of staff respectively.

"Bookings for winter are well ahead of the equivalent point previous year, which includes customers who are rebooking coronavirus-disrupted flights for later dates".

After Virgin Atlantic, British Airways, and Ryanair, easyJet is the latest airline to announce job cuts. Additionally, the second-biggest low-priced carrier in Europe will reduce its fleet, seeking to regain £650 million (about $800 million) through the sale and leaseback of some of its aircraft. The airline had already deferred the delivery of 24 aircraft. The reduction in fleet size will be achieved through the deferral of new aircraft deliveries and the re-delivery of leased aircraft.

"But we do it to make sure that easyJet not only survives through this period, but also comes out of this as a strong and competitive company".

"However, as a low cost airline with a strong network, we believe we are well placed to benefit from customers seeking great value during that recovery period".

So how will the fleet size being reduced affect easyJet customers? "Although we will restart flying on 15 June, we expect demand to build slowly, only returning to 2019 levels in about three years' time".

Indeed, it will be essential for airlines, and even more particularly for those that are planning to be ready to fly for peak season like easyJet, to be fully operational as quickly as possible.

These can now be requested online.

On May 21, easyJet said the services that will resume from June 15 include from London Gatwick, Bristol Int'l, Birmingham Int'l, Liverpool, Newcastle, GB, Edinburgh, Glasgow Int'l, Inverness, and Belfast Int'l in the United Kingdom as well as the Isle of Man.

"Customers may also request a refund by submitting a claim in writing via a dedicated refund web form online. We will be launching an employee consultation over the coming days".

Other reports by Click Lancashire

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