's stock surged as much as 7.5% on Thursday after the airline announced it would cut 30% of its workforce, approximately 4,500 jobs, in the latest sign that coronavirus has ravaged the aviation industry. : "Although we will restart flying on 15 June, we expect demand to build slowly, only returning to 2019 levels in about three years' time.
"As a result, we anticipate reducing staff numbers by up to 30% across the business and we will continue to remove cost and non-critical expenditure at every level," he added. The airline expects to fly around 30% of planned capacity it flew into Q4 2019 in Q4 2020. After climbing by as much as 7.5% in morning trade, by midday UK time , the stock was up around 4.9% at £7.52 per share.GOLDMAN SACHS: Buy these 25 stocks that are wildly popular with hedge funds — and have crushed the market this year.The company said it expects its year end 2021 fleet size to be around 302 aircraft, 51 aircraft lower than anticipated fleet size for the end of 2021 before the pandemic kicked off.
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