easyJet PLC (LON;EZK) said it expects to resume flights on 75% of its routes by the end of August as coronavirus restrictions are eased further.
Previously, the Luton-based carrier had said it would resume flights on 15 June but only on a limited business in the UK and France.
easyJet said half of network would be reopened by the end of July, increasing to 75% during the following month.
The airline repeated its guidance that it would only be operating at 30% of previous capacity on routes that resume with both customers and crew having to wear face masks.
“Flights will be at a lower frequency than normal, meaning the airline will operate at around 30% of its normal capacity between July and September,” the airline said.
The statement coincided with reports that the government is examining ways of softening the UK quarantine rule over the coming months.
The current plan is that from 8 June anyone flying into Britain will have to quarantine themselves for 14 days, with a fine of £1,000 for breaches, but ministers are said to be worried about the damage this might cause to the travel industry.
Shares in easyJet rose 2% to 720p, valuing the airline at £2.8bn, but the company has shed half of its value this year so far due to the travel disruption caused by the pandemic and the news today is unlikely to save the airline from ejection from the FTSE100 tonight.
Earlier this month the airline said it would axe 4,500 jobs or 30% of its staff to help cope with the impact of the lockdowns on its services.
Published at Tue, 02 Jun 2020 13:12:00 +0000-easyJet to resume flights on 75% of routes by end August