Coronavirus impact to push Carnival and easyJet out of FTSE 100
EasyJet and cruise operator Carnival are set to lose their place in the FTSE 100 index of the UK’s biggest companies following the collapse in their share prices due to the coronavirus pandemic’s impact on the travel industry. The budget airline has lost half of its market value since the start of the pandemic as almost all flights have been cancelled, and the aviation industry warns it will take years to convince people to take to the skies in the same numbers they did before the virus struck. EasyJet last week announced plans to cut 4,500 jobs, although it plans to restart flights on the majority of its routes this summer.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-06-03/unaligned/coronavirus-impact-to-push-carnival-and-easyjet-out-of-ftse-100
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Coronavirus impact to push Carnival and easyJet out of FTSE 100
EasyJet and cruise operator Carnival are set to lose their place in the FTSE 100 index of the UK’s biggest companies following the collapse in their share prices due to the coronavirus pandemic’s impact on the travel industry. The budget airline has lost half of its market value since the start of the pandemic as almost all flights have been cancelled, and the aviation industry warns it will take years to convince people to take to the skies in the same numbers they did before the virus struck. EasyJet last week announced plans to cut 4,500 jobs, although it plans to restart flights on the majority of its routes this summer.<br/>
