EasyJet (EZJ.L) has rejected claims made by a union representative that the company is “hanging by a thread,” as reported by the BBC.
Martin Entwistle allegedly said that the budget airline is in a “really dire” situation, after a meeting with easyJet’s chief financial officer Andrew Findlay, in a leaked recording obtained by the broadcaster.
However, easyJet denies that the recording reflects “what easyJet or its CFO said.”
The airline told Yahoo Finance: “We have been clear the whole industry has been impacted by the pandemic, however easyJet has taken a prudent approach to capacity and the right actions on cash preservation. The airline continues to keep all liquidity options under review, but no decisions have been taken.
“Winter flying is always significantly lower than summer and