Ryanair and EasyJet show the travel industry is still in deep trouble
August 17, 2020
London (CNN Business)EasyJet is slashing its UK operations and Ryanair is cutting its upcoming flight schedule by a fifth, in the latest signs that travel companies are struggling to make a comeback from the coronavirus pandemic.
EasyJet (ESYJY)said in a statement Monday that operations based at London Stansted, London Southend and Newcastle will be scrapped on August 31. Stansted and Newcastle will remain part of its route network, served by inbound planes from other bases, it added. All flights to and from Southend will be stopped.