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BUSINESS NEWS


Johan Lundgren: ‘We’re in a position to remain cash positive even if grounded for nine months’


EasyJet expects demand to return ‘in a slow way’


Lundgren predicts scale of demand once flights have resumed. Ian Taylor reports


A slow return to flying should be expected when travel restrictions are lifted, easyJet chief executive Johan Lundgren has warned. The easyJet boss forecast


restrictions on domestic flying would be lifted first, with social distancing measures in place at airports and on flights substantially reducing the capacity available. Lundgren said: “We don’t know


when flying will resume [and] nobody can tell what the level of demand will be. We expect it to come back in a slow way.”


36 23 APRIL 2020 £3.3bN


EasyJet’s cash reserves following addition last week of a £400m loan


Announcing half-year results to


the end of March last week, Lundgren said: “Our assumption is load factors will not get back to normal in the initial phase. “We’re looking at measures we can take; for example, leaving the middle


seat empty and disinfecting aircraft.” He suggested countries “will lift


their domestic flying restrictions first. Then there will be arrangements between countries to lift restrictions.” Lundgren insisted: “After the


lockdown there will be a lot of people who want a holiday. But it all depends on the restrictions. At some point demand will be where it was, [but] nobody knows when.” He added: “We’re working very


Continued on page 34 travelweekly.co.uk


BUSINESSNEWS


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