EasyJet stock surges 7% as it slashes up to 4,500 jobs over COVID-19, and warns demand won't fully return until 2023

EasyJet stock surges 7% as it slashes up to 4,500 jobs over COVID-19, and warns demand won't fully return until 2023

Business Insider

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· EasyJet shares surged as much as 7.5% on Thursday as the company announced 4,500 job cuts due to COVID-19.
· The budget airline plans to restart flying on 15 June but only expects demand to recover from the pandemic by 2023.
· EasyJet plans to fly only around 30% of planned capacity in Q4 2020 compared to Q4 2019.
·...

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