easyJet boss says worst of recession over
27.11.09
The Chief Executive of easyJet believes the worst of the recession is over for the airline industry, but warned recovery would be slow, Reuters reports. Andy Harrison told the news agency in an interview: ‘I think the worst is over but I don't see any improvement either and expect demand to be stable for the next nine months at least. Winter will be a continuation of what we have seen...we will see continuing weaker consumer demand.’
Mr Harrison said the airline, which uses Airbus aircraft, would not look to cancel any of its existing aircraft orders, despite the sluggish demand picture. He said: ‘We have got something like 70 new committed aircraft deliveries over the next three years and they will go ahead.
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