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Here’s Why Easyjet Share Price Plunged 8% Today

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Updated: 14 August 2020

Shares of Easyjet PLC (LON: EZJ) tumbled 8% Friday on news that the UK government announced travellers from France would have to quarantine on their return.

France is one of the UK’s largest holiday destinations and it has now joined another popular destination Spain on the quarantine list.

“We will fly when we see that there is a demand to go there. If restrictions mean that you have to quarantine then it is up for the individual customers to decide whether they want to make that sacrifice or not”, said Easyjet’s chief executive Johan Lundgren. 

Separately, the low-budget carrier has raised an extra $266 million from the sale and leaseback of aircraft, in another move to improve its liquidity. 

“EasyJet will continue to review its liquidity position on a regular basis and will continue to assess any further funding opportunities,” the airline said in a statement.

Easyjet stock price plunged as France is placed on the quarantine list August 2020

Easyjet share price tumbled nearly 8% to 561p, turning negative on the week.